AMMAN, Jordan, Nov. 16, 2021 /PRNewswire/ — Amethis, via its newly launched fund, Amethis MENA Fund II (AMF2), has accomplished its second transaction, buying a minority stake in Tarjama.
Based in 2008 by Jordanian entrepreneur Nour Al Hassan, Tarjama is the main language know-how & providers supplier within the MENA area, assembly the language and localization wants of a large roster of corporates throughout the area’s largest markets. The corporate has developed proprietary language know-how merchandise together with a best-in-class Arabic-focused machine translation engine in addition to Cleverso, its high-performing translation administration system. With a rising presence within the MENA area, Tarjama which is woman-led enjoys gender parity and is a dynamic employer of youth throughout the area.
Amethis’ funding in Tarjama will assist the corporate in realizing its AI know-how roadmap and in executing an bold natural and inorganic development technique throughout the area’s foremost markets.
Nour Al Hassan, Tarjama Founder & CEO, acknowledged: “This funding by Amethis creates an distinctive alternative for us to construct up our technological capabilities and securely place Tarjama because the chief in language AI throughout the area. We’re looking forward to this subsequent section of development the place we’ll considerably develop our present product portfolio, create new customer-focused merchandise, and broaden our presence to world markets.”
Toufic Khoueiry who led the transaction for Amethis commented: “Our funding in Tarjama exemplifies our technique of backing distinctive and growth-focused entrepreneurs working efficiently in fast-growing sectors. We’re excited to assist Nour Al Hassan and the Tarjama staff as the corporate embarks on its subsequent chapter.”
Laurent Demey, Amethis Founding Companion, added: “By investing in Tarjama, Amethis is proud to be backing not solely a market chief within the engaging MENA localization market but in addition a high-growth woman-led SME that has already achieved gender parity. “
Dechert LLP acted as authorized advisor to Nour Al Hassan & Tarjama whereas Hourani & Companions acted as authorized advisor to Amethis. PwC and Slator had been additionally retained by Amethis for monetary, tax, and industrial due diligence.
Tarjama is a brilliant language know-how and providers supplier serving to firms scale quickly with multilingual content material of each format and language. Based in 2008 by Nour Al Hassan, Tarjama has shortly grown to dominate the localization market within the MENA area via its proprietary line-up of modern language options custom-built for the Arabic language.
With a mission to assist firms understand their potential for world development, Tarjama is dedicated to delivering language options that meet worldwide requirements of high quality, pace, and cost-efficiency. It presents an end-to-end vary of AI-powered language providers together with translation, localization, interpretation, content material creation, transcription, subtitling, and strategic advisory. To seek out out extra about Tarjama, go to www.tarjama.com.
Based by Luc Rigouzzo and Laurent Demey in partnership with the Edmond de Rothschild Group, Amethis is an funding fund supervisor centered on the African continent and the MENA area, with belongings below administration exceeding USD 1 billion and near 30 investments accomplished thus far.
Amethis brings development capital to promising mid-cap champions in a variety of sectors providing development assist via its worldwide community spanning Europe and Africa. With 5 places of work in Paris, Abidjan, Casablanca, Nairobi, and Luxembourg, the Amethis staff includes 40 skilled professionals with sturdy regional and sectoral experience.
Via Amethis MENA Fund II, which has accomplished its first closing at USD 101 million in July 2020, Amethis will goal majority and minority investments in fast-growing SMEs in Morocco, Egypt, Tunisia, and Jordan. www.amethis.com
About Edmond de Rothschild
As a conviction-driven funding home based upon the idea that wealth ought to be used to construct the world of tomorrow, Edmond de Rothschild focuses on Personal Banking and Asset Administration and serves a global clientele of households, entrepreneurs, and institutional buyers. The group can also be energetic in company finance, non-public fairness, actual property, and fund providers. With a resolutely family-run nature, Edmond de Rothschild has the independence essential to suggest daring methods and long-term investments, rooted in the true economic system. Created in 1953, the Group now has CHF 173 billion (€ 160 billion) in belongings below administration, 2,600 workers, and 32 places worldwide. www.edmond-de-rothschild.com
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