Private equity firm Amethis has announced a significant milestone for its portfolio company Vicenne, a key player in Africa’s medical equipment and healthcare services sector. On 15 July, Vicenne was officially listed on the Casablanca Stock Exchange, marking a pivotal moment in the company’s growth trajectory and a major success for private equity-backed ventures in the region.
The listing was facilitated through an initial public offering (IPO) that involved a €50 million capital increase. The offering attracted overwhelming interest from both institutional and retail investors, with over 37,000 subscribers participating. The IPO was oversubscribed nearly 65 times, setting a new record as the most oversubscribed private equity-backed IPO in Moroccan history.
Amethis, which has been a strategic partner and shareholder in Vicenne, played a central role in the company’s transformation and expansion. Over the course of their partnership, Amethis collaborated closely with Vicenne’s leadership to implement a series of diversification and growth initiatives, positioning the company as a market leader in healthcare logistics and medical technology distribution across Africa.
“As Vicenne’s partner and shareholder, Amethis has actively supported its transformation,” the firm stated. “Together with the company’s management, we have implemented diversification and growth initiatives that have positioned Vicenne as a leading player in its sector today.”
The successful IPO not only reflects investor confidence in Vicenne’s business model and future prospects but also underscores the growing maturity of Africa’s capital markets and the increasing role of private equity in driving innovation and development across the continent.
