Amethis acquires stake in Mauritius Veranda Leisure and Hospitality Hotel

MAURITIUS – Amethis, an investment fund manager dedicated to the African continent, acquires a stake in Veranda Leisure and Hospitality (VLH), the hospitality subsidiary of Rogers Group, a listed company on the Stock Exchange of Mauritius.

VLH is a Mauritius-based hotel and leisure company that focuses on hotels in the upscale and mid-range segments operating under Heritage Resorts and Veranda Resorts.

Amethis’ investment will be mainly devoted to the projects of VLH as well as those of its leisure subsidiary, Island Living. These projects include the development of the Bel Ombre region through new leisure activities and accommodation offerings.

Through this transaction, Amethis contributes to the growth of Rogers Group’s hospitality activities and the diversification of its portfolio of activities and services, as well as its geographical footprint.

This transaction supports Rogers’ strategic positioning – to make VLH a model of sustainable tourism, reconciling economic, environmental and social requirements.

“Having Amethis by our side will open up new opportunities for VLH, accelerating growth and consolidating Bel Ombre’s position as an exceptional destination,” said Philippe Espitalier-Noël, CEO of the Rogers Group.

Luc Rigouzzo, co-founder and Managing Partner of Amethis said: “Once again, Amethis is pleased to support the Rogers Group and its ambitious development strategy for Mauritius.

“We are proud to partner with VLH, which has been recognized for its commitment to the country’s sustainable development, promoting the protection of its biodiversity and highlighting its cultural heritage. »

Khady Koné-Dicoh, Investment Director at Amethis adds: “We are pleased to support the development of the VLH group.

“Capitalizing on its hotel expertise developed over nearly 40 years, VLH will be able to consolidate its position on the Mauritian market while maintaining the quality of its service and the originality of its positioning and expanding its portfolio of hotels and leisure activities.”

With nearly forty years of expertise in the hotel industry, VLH has seven hotels (946 rooms) in the upscale and mid-range segments operating under two brands: Heritage Resorts and Veranda Resorts.

VLH employs 1,800 people and serves more than 50,000 customers a year.

Rogers is an international services and investment company with operations in 13 countries.

Since 1899, the group has been a major player in Mauritius’ economic development and serves four markets: fintech, logistics, real estate and the hospitality sector. Rogers employs approximately 5,000 people.

Amethis is an investment fund manager dedicated to the African continent founded in partnership with the Edmond de Rothschild Group. As an active shareholder, Amethis offers key support and expertise through its international network, its opportunities of external growth and its value-added governance.

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