BMH, institutional investor with
an entrepreneurial spirit

BMH Ltd manages Constance Group’s investment portfolio in line with its values and vision.

Explore new
opportunities

BMH Ltd, a company listed on the official market of the Mauritius Stock Exchange, is both the holding company for Constance Hotels and the manager of a diversified portfolio of financial interests, covering sectors ranging from trade to financial services and technology.

We are shareholders in leading companies in their sectors, whether they are already market leaders or experiencing strong growth. By combining strategic vision, operational experience, and an entrepreneurial spirit, we foster their development and long-term value creation.

BMH’s mission is to broaden the scope of Constance Group’s activities by developing complementary value creation avenues to the group’s strategic businesses.

4.7%
Dividend yield as at 11 Nov 2025
MUR 4.5bn
Company NAV
MUR 390m
Consolidated net profit
MUR 6.6bn
Consolidated revenue
MUR 24bn
Consolidated assets

Our team

CLEMENT D. REY

Constance Group
Chief Executive Officer

KEVIN CHAN TOO

Constance Group
Head of Finance

OLIVIER FAYOLLE

Head of Investment

DAYA AUCKLOO

Constance Group
Head of Corporate Affairs

EMMANUEL BÉRENGER

Chief Executive Officer &
Executive Director of COROI

Our investment portfolios

Our portfolio is structured into four categories: principal investments, private assets, listed assets, and funds.

Principal
Investments

Major stakes in leading companies, recognized for their excellence in their respective sectors.

Private Assets

Among our private assets are majority and minority stakes in unlisted companies with an entrepreneurial profile.

Listed Assets

Portfolio of shares listed on the local market, invested across various economic sectors.

Funds

The portfolio also includes investments in specialized funds managed by third parties.

Contact Us

To learn more about our approach or explore collaboration opportunities, please contact us using the form below.

INVESTISSEMENTS PRINCIPAUX

Investissements Principaux Description Intérêt économique (%)
IBL Ltd IBL Ltd est un groupe diversifié de classe mondiale, basé à l’île Maurice, qui investit et opère dans un large éventail de secteurs, avec une présence dans 22 pays de l’océan Indien et d’Afrique. 5%
Hotelest Ltd / Constance Hotel Services Ltd Hotelest Ltd détient 51 % du capital de Constance Hotels Services Ltd, un groupe hôtelier de premier plan qui exploite des resorts de luxe dans des emplacements privilégiés à travers l’océan Indien : Maurice, Rodrigues, Maldives, Seychelles et Madagascar. 71%

ACTIFS PRIVÉS

Investissements Principaux Description Intérêt économique (%)
Commerce et Représentation pour l’Océan Indien COROI (Maurice) Ltée COROI (Maurice) est une compagnie de commerce spécialisée opérant dans quatre domaines principaux : équipements de nettoyage, produits chimiques, agrochimie et équipements professionnels pour cuisines et blanchisseries. COROI distribue des marques renommées telles que Kärcher, Electrolux et Nalco. 100%
Pick “N” Eat Ltd Pick “N” Eat Ltd est le franchisé de la chaîne de restauration rapide KFC à Maurice et à Madagascar. 15%
MIPSIT Digital Ltd MIPSIT Digital Ltd est une entreprise Fintech spécialisée dans les paiements numériques, facilitant l’intégration technique entre commerçants et prestataires de solutions de paiement. 20%
Azur Medical Ltd Azur Medical est un distributeur d’équipements médicaux et de laboratoire à Maurice, Madagascar et aux Seychelles, représentant des marques internationales comme Boston Scientific, Cepheid et Bio-Rad. 19%

ACTIFS COTÉS

Les principales lignes de ce portefeuille sont MCB Group
et Livestock Feed Ltd.

FONDS

Inclut notamment des investissements dans Helicap Income Opportunities Fund (crédit privé en Asie du sud-est), BridgePoint Europe VII (private equity européen), Seed Capital Ltd (startups mauriciennes) et Equitable Ventures (fintech africaine)

CORE INVESTMENTS

Core Investments Description Economic interest (%)
IBL Ltd IBL Ltd is a world-class diversified group headquartered in Mauritius, investing and operating across multiple sectors, with a presence in 22 countries in the Indian Ocean and Africa. 5%
Hotelest Ltd / Constance Hotel Services Ltd Hotelest holds 51% of Constance Hotels Services Limited, a leading hotel group operating luxury resorts in prime locations across the Indian Ocean, including Mauritius, Rodrigues, Maldives, Seychelles and Madagascar. 71%

PRIVATE ASSETS



Private Assets Description Percentage Stake (%)
Commerce et Représentation pour l’Océan Indien – COROI (Maurice) Ltée COROI (Maurice) is a specialist trading company operating in four main sectors: cleaning equipment, chemicals, agrochemicals and professional equipment for kitchens and laundries. It distributes leading international brands including Kärcher, Electrolux and Nalco. 100%
Pick “N” Eat Ltd Pick “N” Eat is the franchise holder for the KFC fast-food chain in Mauritius and Madagascar. 15%
MIPSIT Digital Ltd MIPSIT Digital Ltd is a fintech company focused on digital payments, dedicated to streamlining technical integration between merchants and payment solution providers. 20%
Azur Medical Ltd Azur Medical distributes medical and laboratory equipment in Mauritius, Madagascar and the Seychelles, representing major global brands such as Boston Scientific, Cepheid and Bio-Rad. 19%

LISTED ASSETS

The portfolio’s main listed holdings are MCB Group
and Livestock Feed Ltd.

FUNDS

This includes investments in the Helicap Income Opportunities Fund (private credit in Southeast Asia), BridgePoint Europe VII (European private equity), Seed Capital Ltd (Mauritian startups), and Equitable Ventures (African fintech)