Amethis buys majority stake in Capital Banking Solutions
Amethis, an investment fund manager focused on Africa, has purchased a majority stake in European banking solutions provider Capital Banking Solutions (CBS) for an undisclosed sum.
Amethis acquires majority stake in Capital Banking Solutions
Established 25 years ago and headquartered in Paris, France, CBS provides banking solutions to international banks across Europe, Africa, Middle East and America. Its flagship solutions include CapitalBanker, a core banking solution, and CapitalPrivate, a front-office wealth management solution specifically for European private banks and wealth management specialists.
It currently employs more than 300 people across its offices in France, Monaco, Switzerland, USA, Morocco, Lebanon and Ivory Coast.
As part of its investment, Amethis says it wants to help CBS “accelerate its organic growth, especially internationally”, alongside supporting its external growth through acquisitions that will further help the company expand geographically and strengthen its existing offerings.
Amethis will take majority ownership of the firm alongside CBS’s president and CEO Samer Hanna, COO Michel Tueni, CFO Aziz Akl and other key executives, who it says “are reinvesting all their proceeds”.
