- Acquisition Overview:
- Amethis, an investment fund manager focused on Africa, has acquired a majority stake in Capital Banking Solutions (CBS), a European banking solutions provider. The financial details of the transaction remain undisclosed.
- Capital Banking Solutions Profile:
- CBS, established 25 years ago and headquartered in Paris, France, offers banking solutions to international banks across Europe, Africa, the Middle East, and America. It employs over 300 people and provides flagship solutions such as CapitalBanker and CapitalPrivate.
- Key Solutions by CBS:
- CBS’s core offerings include CapitalBanker, a core banking solution, and CapitalPrivate, a front-office wealth management solution designed for European private banks and wealth management specialists.
- Geographical Presence:
- CBS has a global presence with offices in France, Monaco, Switzerland, the USA, Morocco, Lebanon, and Ivory Coast.
- Amethis’ Investment Goals:
- Amethis aims to support CBS in accelerating its organic growth, especially on the international front. The investment also includes plans to assist CBS in external growth through strategic acquisitions, expanding its geographical reach, and strengthening its existing offerings.
- Ownership Structure:
- Amethis will take a majority ownership stake in CBS, partnering with key executives, including CBS’s president and CEO Samer Hanna, COO Michel Tueni, CFO Aziz Akl, and other key personnel. These executives are reinvesting all their proceeds in the partnership.
- Amethis Background:
- Amethis, founded in 2012 and based in Paris, manages assets exceeding €1 billion. The company has made over 30 investments to date and focuses on providing growth capital to mid-sized businesses across various sectors.
- Strategic Partnership:
- This acquisition forms a strategic partnership between Amethis and CBS, aiming to drive growth and expansion opportunities in the banking solutions space.
In summary, Amethis’ acquisition of a majority stake in Capital Banking Solutions sets the stage for collaborative efforts to accelerate organic and international growth, expand geographical reach, and strengthen CBS’s offerings in the banking solutions sector.
