Avanz Growth Markets Limited (“AGM” or the “Company”) was incorporated and began operations in Mauritius on 24 July 2017 and is a Global Business License Company Listed on the Stock Exchange of Mauritius.
AGM seeks to provide investors access to higher returns in Emerging Markets through strategic private equity investments. Emerging Markets are expected to contribute a greater portion of global growth than Developed Markets in the near future. This growth is driven by the favourable demographics in targeted regions, such as the growing consumer base, a younger working population and global integration. This growing consumer base is driving growth in industry sectors such as consumer goods and services, financial services, healthcare, education, communication and information technology, environment services and agribusiness. Another feature of Emerging Markets is that economic growth is more prominent in companies operating in the private equity markets rather than public markets, indicated by the significant inflow of private capital to Emerging Markets. Emerging Markets offer good relative value as the entry prices for acquiring private companies are more attractive and revenue growth rates are often higher than their counterparts in Developed Markets. AGM focuses on specific industry sectors where private capital has a significant impact on growing businesses, and where traditionally the smaller end of the market has less access to debt. The experienced Board members of AGM believe diversification inherently reduces risks and exposure to a single country, region or political event. In addition, diversification across industry sectors and a wide set of fast growing companies enhances the downside protection in an Emerging Markets portfolio. The Company envisages that the capital invested could reach upwards of 150 underlying portfolio companies, and is therefore a unique investment proposition for investors to consider.
Avanz Growth Markets Limited is an investment holding company focused on Emerging Markets private equity opportunities. The Company has been established with the objective of acquiring quality investments with a view to achieving significant capital appreciation and returns. While the nature of private equity investments is that they are illiquid, they are income producing and they provide an opportunity to generate returns from investments in private companies.
AGM is established to provide access to a broad number of investment opportunities across Emerging Markets, which may include funds of funds, primary private equity funds, private equity investments in the secondary market and direct co-investments in companies. Diversification by geography, industry sector and currency are key investment attributes.
The Company is led by individuals with significant experience and a successful track record investing capital in Emerging Markets, such as Africa, Latin America and Emerging Asia. In addition, the Company will only consider investments in companies and in funds with proven track records and a comprehensive knowledge of the sector/s in which they operate.
The Company conducts its business from Mauritius because of the business-friendly environment, the spread of double-tax agreements that Mauritius has with many of the jurisdictions in which the Company will invest and to allow access to a global investor base. Consequently, the Company’s Board of directors comprises a number of Mauritian resident directors.
The Company’s reporting currency is the US Dollar, with the financial year-end being 31 March of every year.
