Amethis, an investment fund manager dedicated to the African continent, acquires a stake in VLH, the hospitality subsidiary of Rogers Group, a listed company on the Stock Exchange of Mauritius.
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, effective as from 01 July 2019, 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.
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 has worked, through the Heritage brand, on the development of the Bel Ombre region, highlighting its cultural and historical heritage, in particular, Heritage Le Château, as well as its natural heritage, with the protection of the lagoon and a Green Key certification. VLH employs 1,800 people and serves more than 50,000 customers a year. Island Living, its leisure subsidiary, offers sport and natural activities, such as those offered at Heritage Nature Reserve, renowned for its biodiversity.
"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. “Our collaboration with Amethis dates back to 2013, through the capital of Velogic, our subsidiary specialized in logistics. We are happy to be able to welcome them at VLH’s capital, as a sign of the trust that has been established between the partners over the years."
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.
To read this press release in French, please click here.
To find out more, please click here.
-END-« Back to Member News