Member News

Archive

Member News

GEPF sells 24% Pareto stake to Belelani Capital

23 June 2016

Pareto Limited and Business Venture Investments No. 1360 (Proprietary) Limited (Pareto) announced the successful conclusion of an equity raising transaction with Belelani Capital, a Broad Based Black Economic Empowerment (BEE) company. The subscription by…

Read more »

Injaro invests in Gold Coast Fruits

22 June 2016

Injaro Agricultural Capital Holdings Limited (IACHL), the impact investment fund managed by Injaro Investments, announces an investment in Ghana’s pineapple sector. IACHL, through its Ghanaian subsidiary Injaro Agricultural Venture Capital Limited (IAVCL)…

Read more »

Helios closes sale of HTN Towers to IHS

21 June 2016

Helios Investment Partners (acting on behalf of Helios Investors, L.P.) and including The Pembani Group, First City Monument Bank and IFC, announced the completion of the sale of HTN Towers (“HTN”), the pioneer of tower infrastructure sharing in Africa, t…

Read more »

Helios acquires majority stake in Telkom Kenya

21 June 2016

UK private equity firm, Helios Investment Partners, announced the acquisition of a 60% shareholding in Telkom Kenya by Jamhuri Holdings Limited (JHL), a company owned 100% by HeIios Investors III, L.P. (a fund advised by Helios Investment Partners LLP) fo…

Read more »

Old Mutual Alternative Investments makes R380mn affordable education investment deal

21 June 2016

Barnstone Education and the Schools and Education Investment Impact Fund South Africa (an initiative established for the provision of low fee independent schools and managed by Old Mutual Alternative Investments) have announced an additional investment as…

Read more »

Mediterrania Capital Partners invests in MedTech Group, the no.1 IT business solutions provider in Morocco

07 June 2016

Mediterrania Capital Partners, the regional private equity firm focusing on growth investments for companies in North African and sub-Saharan countries, announces the acquisition through its second fund, Mediterrania Capital II, of a stake in MedTech Grou…

Read more »

Actis raises over US$500mn for new African real estate fund

03 June 2016

Actis, a leading growth markets investor, has announced that it has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (“ARE3”) with commitments totalling more than US$500mn, comfortably exceeding it…

Read more »

Actis invests in Mundiapolis University

26 May 2016

Actis has invested in Mundiapolis University (Mundiapolis), a top ranking private university in Morocco, as a bolt-on acquisition to its investment in Emerging Markets Knowledge Holdings. Actis is investing in Mundiapolis to support an ambitious developme…

Read more »

The Carlyle Group invests in Mazarine Energy

25 May 2016

The Carlyle Group announced an investment in Mazarine Energy B.V., an upstream oil and gas company with existing assets in Tunisia. Carlyle will also grant Mazarine Energy access to an equity line of up to US$500mn to fund future bolt-on acquisitions, foc…

Read more »

IFC backs African real estate company, Growthpoint Investec

19 May 2016

IFC, a member of the World Bank Group, today announced an investment commitment of US$40mn in equity to Growthpoint Investec African Properties Limited, a property investment holding company led by Investec Asset Management and Growthpoint Properties. It …

Read more »

CDC Group invests in East Africa's ARM Cement

10 May 2016

CDC Group plc (CDC), the UK’s development finance institution, has announced a new US$140mn investment designed to boost the local supply of cement in East Africa and promote infrastructure development. CDC is investing in ARM Cement Limited (“ARM”), a p…

Read more »

The Abraaj Group exits Unimed via an IPO on the Tunis Stock Exchange

04 May 2016

The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced that it has successfully exited its investment in leading Tunisian pharmaceutical company Unité de fabrication de médicaments (‘Unimed’ or t…

Read more »

Adenia Partners invests in leading pharmaceutical distributor in Madagascar

03 May 2016

Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, has backed Opham, the leading pharmaceutical products wholesaler in Madagascar. Opham distributes more than 4,500 specialty and gener…

Read more »

CDC Group acquires 10.7% stake in I&M Holdings Ltd

27 April 2016

CDC Group plc (CDC), the UK’s development finance institution, has announced it will take a 10.68 per cent equity stake in the Nairobi-headquartered banking group I&M Holdings (IMHL). The investment underlines CDC’s commitment to supporting lending to…

Read more »

8 Miles investment in Ethiopian agribusiness

27 April 2016

8 Miles LLP, the pan-African Private Equity firm announced an investment in Verde Beef Processing PLC, an Ethiopian agribusiness that specialises in producing premium beef in Adami Tulu, Oromia in Ethiopia. The investment of new money will give 8 Miles a …

Read more »

Mediterrania Capital Partners invests in Cieptal Cars

27 April 2016

Mediterrania Capital Partners, the regional private equity firm focusing on growth investments for SMEs in North Africa and Sub-Saharan countries, announces the acquisition of a 43% stake in Cieptal Cars through its second fund Mediterrania Capital II (“M…

Read more »

Mediterrania Capital Partners enters the retail clothing business in the Maghreb region

27 April 2016

Mediterrania Capital Partners, the regional private equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, announces the acquisition through its second fund (“MC II”) and alongside Euromena III (the latest of …

Read more »

Catalyst Principal Partners announces investment in Kenya-based Orbit Chemical Industries

25 April 2016

East Africa focused private equity firm Catalyst Principal Partners has announced its investment in Orbit Chemical Industries Ltd. The investment enables Orbit Chemical’s ambitious expansion plans by increasing capacity of its existing lines, extending it…

Read more »

Kibo Capital makes investment in General Cargo Group, Kenya

18 April 2016

Kibo Capital Partners, a manager of regional private equity funds, announced today an investment in General Cargo Group, a leading provider of logistics services in Kenya by Kibo Fund II. Kibo has partnered with Velogic, a Mauritius based regional logisti…

Read more »

PCM Capital backs Surfline Communications

12 April 2016

PCM Capital Partners has announced a EUR5mn equity investment by its maiden fund the West Africa Emerging Markets Growth Fund (WAEMGF) in Surfline Communications Limited (Surfline). Surfline is the leading provider of 4G LTE data and other related service…

Read more »

Helios completes Crown Agents deal

31 March 2016

Helios, the pan-African investment firm, is set to deliver a postcolonial turnround with a deal for key divisions of Crown Agents — a company which was once a pillar of the British empire. The deal for Crown Agents Bank and its sister asset management co…

Read more »

AfricInvest invests in Outsourcia

30 March 2016

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce that its Maghreb Private Equity Fund III has invested in Outsourcia Group (“Outsourcia”), a Moroccan leadingcontact center and business process outsourcing (BPO…

Read more »

Synergy Capital completes investment in Suburban Fiber Company Limited

24 March 2016

Synergy Capital Managers (Synergy) has announced the completion of its investment in Suburban Fiber Company Limited (Suburban), a Next Generation Broadband company focused on delivering home content solutions to retail end customers in Abuja and Lagos. Th…

Read more »

AfDB backs Abraaj's Growth Markets Health Fund

24 March 2016

The Board of Directors of the African Development Bank (AfDB) has approved a US$25mn equity investment in the Abraaj Growth Markets Health (Africa) Fund (the “Fund”), the Africa focused parallel partnership of the Abraaj Growth Markets Health Fund. This c…

Read more »

Africinvest invests in MicroKing Finance (Private) Ltd

23 March 2016

Microcred Group (Microcred) and AfricInvest Financial Sector Fund (AfricInvest) are pleased to announcethey have reached an agreement to acquire a 100% ownership stake in MicroKing Finance (Private)Limited (MicroKing), a leading provider of microfinance p…

Read more »

Charles Russell Speechlys advises management on the sale of Emerging Markets Payments

23 March 2016

Charles Russell Speechlys (CRS) has acted as legal adviser to the management team of Emerging Markets Payments (EMP), the leading Africa and Middle East payments business, on the sale of EMP by Actis to Network International. Actis is the private equity f…

Read more »

Abraaj Group launches energy development arm dedicated to global growth markets

16 March 2016

The Abraaj Group (“Abraaj”), a leading investor operating in global growth markets, today announced the formation of a dedicated project development arm to further extend its investment capabilities in the energy infrastructure space. As a member of The A…

Read more »

Agri-Vie founders & STANLIB announce launch of independent private equity business - EXEO Capital

16 March 2016

The founders of Agri-Vie Investment Fund, the African private equity fund focused on the food and agribusiness sector, and pan-African asset manager STANLIB, are proud to announce the formation of EXEO Capital - an Africa-focused private equity partnershi…

Read more »

AfricInvest invests in Silafrica Plastics and Packaging International Limited

10 March 2016

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce that itsAfricInvest Fund III has invested in Silafrica Plastics and Packaging International Limited (“Silafrica”), theleading East African plastics and packagin…

Read more »

Helios Investment Partners agrees sale of HTN Towers

10 March 2016

Acting on behalf of funds to which it is advisor, Helios Investment Partners (“Helios”) today announced it has agreed the sale of HTN Towers (“HTN”), the pioneer tower company in Nigeria, to IHS Towers (“IHS”), the largest telecommunications infrastructur…

Read more »

Qalaa holdings closes sale of Tanmeyah Microenterprise Services

07 March 2016

Qalaa Holdings (CCAP.CA on the Egyptian Exchange), an African leader in energy and infrastructure, announced today that its business unit Finance Unlimited has finalized the sale of its entire holding in subsidiary Tanmeyah Microenterprise Services, Egypt…

Read more »

Actis agrees to sell Emerging Markets Payments

03 March 2016

Actis, a leading growth markets investor, today confirmed an agreement to sell Emerging Markets Payments (‘EMP’), the leading Africa and Middle East payments business, to Network International. The transaction is subject to regulatory approvals.Actis esta…

Read more »

Old Mutual Private Equity buys stake in leisure and sports retailer

24 February 2016

Old Mutual Private Equity (OMPE), a division within Old Mutual Alternative Investments, has bought a 70% stake in MoreCorp, best known as the owner of The Pro Shop, World of Golf, Playmoregolf and Cycle Lab. Additional shareholders include MoreCorp co-fou…

Read more »

Africa Finance Corporation increases stake in Cabeólica Wind Farm

22 February 2016

Africa Finance Corporation (AFC) has completed the purchase of InfraCo Africa’s stake in the Cabeólica Wind Farm. The deal follows the share purchase agreement signed on 6 May 2015 in which AFC agreed to purchase InfraCo Africa’s remaining stake in the pr…

Read more »

Enko Capital Managers achieves final close of its Pan-African PE Fund at US$83.25mn

22 February 2016

Enko Capital Managers is pleased to announce it has successfully reached a US$83.25 million final close of its Pan-African fund, the Enko Africa Private Equity Fund (EAPEF). Significant second close investors included Proparco, through its FISEA window, a…

Read more »

IFC invests in Indorama Eleme Fertilizer Company

19 February 2016

IFC, a member of the World Bank Group, today announced an investment in Nigeria-based Indorama Eleme Fertilizer Company to support the expansion of the country’s largest fertilizer production facility. The investment will contribute to improved farm yield…

Read more »

Synergy Capital completes investment in Africa Terminals

18 February 2016

Synergy Capital  is pleased to announce the completion of the investment in Africa Terminals Limited, a spin off from DuPort Marine, a trading logistics and maritime company with over eight years’ experience operating in the Nigerian downstream segment. …

Read more »

ACA invests in Continental Reinsurance PLC

18 February 2016

ACA today announced its investment in Continental Reinsurance Plc, a private pan-African reinsurer. Continental Reinsurance was founded in 1985 and started operations as a private reinsurance company in Nigeria. Over the past 31 years the company has exp…

Read more »

Investec successfully closes 2nd Africa PE fund

12 February 2016

  Investec Asset Management has successfully closed its sophomore fund, the Investec Africa Private Equity Fund 2 (IAPEF 2) at US$295mn. The investor base includes pension funds, endowments, fund of funds and development finance insti…

Read more »

AfricInvest and Siparex announce first closing of “Fonds de Co-Localisation Franco-Tunisien” (FCFT)

12 February 2016

12th February, 2016 - AfricInvest and Siparex are pleased to announce the first closing of the “Fonds de Co-Localisation Franco-Tunisien” (FCFT), promoted and equally subscribed by French and Tunisian state investors - Bpifrance (France) and Caisse des Dé…

Read more »

Amethis completes capital increase in PetroIvoire

11 February 2016

Amethis Finance (Amethis)  is pleased to announce that it has completed, together with the two other main shareholders of the company, WAEMGF and the Kadio-Morokro family, a capital increase of PetroIvoire. Amethis and WAEMGF will also appoint additional …

Read more »

Verod’s Fund II exceeds target size

28 January 2016

Verod Capital is pleased to announce the final close of Verod Capital Growth Fund II (“Verod Fund II”) at $115mn, exceeding its original target of $100mn. Verod Fund II is supported by a diverse group of prominent global investors and includes a mix of fu…

Read more »

Old Mutual Private Equity backs In2food

28 January 2016

Cape Town, South Africa, 13 January 2016: Old Mutual Private Equity (OMPE), a division within Old Mutual Alternative Investments, has announced that it has acquired a significant minority stake in In2food, a leading convenience food manufacturing business…

Read more »

LeapFrog invests in Ghana’s UT Life

27 January 2016

LeapFrog Investments (“LeapFrog”), a specialist investor in emerging markets on Wednesday announced that LeapFrog has acquired a majority stake in UT Life Insurance Company Ltd (“UT Life”), one of the key players in the life insurance sector in Ghana. Thi…

Read more »

PCM Capital Partners backs First Atlantic Bank Ghana

26 January 2016

The West Africa Emerging Markets Growth Fund ("WAEMGF") has announced an investment in Ghana’s First Atlantic Bank Ghana Limited (FABL). The investment was made through AA Global Investments Limited (AAGIL), a Mauritius registered Special Purpose Vehicle …

Read more »

LeapFrog launches US$350mn investment partnership

21 January 2016

Prudential Financial, Inc. (NYSE: PRU) and LeapFrog Investments announced today the launch of a US$350 million investment partnership to access high-growth markets in Africa. Managed by LeapFrog, the new investment vehicle will target investments in life …

Read more »

Abraaj Group invests in Tunisia's Société d’Articles Hygiéniques

18 January 2016

Tunis, Tunisia, 18 January 2016: The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced the acquisition, through its second generation North Africa Fund (‘ANAF II’), of a stake in Société d’Articles Hyg…

Read more »

Kibo Capital Partners reaches final close at US$58mn

18 January 2016

Kibo Capital Partners, a provider of growth capital in East Africa, Southern Africa and the Indian Ocean islands, today announced the second close of its Kibo Fund II. The total fund size increased to about US$58 million with investors including Nile Hold…

Read more »

Mediterrania Capital Partners fully exits CEPRO

14 January 2016

Mediterrania Capital Partners, the regional Private Equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, announces a full exit of Cepro ("Cellulose Processing"), a manufacturer and distributor of baby diapers and …

Read more »

Abraaj Group acquires significant minority stake in CEPRO

11 January 2016

The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced the acquisition, through its second generation North Africa Fund (‘ANAF II’), of a significant minority stake in Cellulose Processing (‘CEPRO’ or t…

Read more »

IFC invests in Hygeia Nigeria Limited

07 January 2016

Lagos, Nigeria, January 7, 2016 – IFC, a member of the World Bank Group; together with IFHA-II Cooperatief, a private equity fund focused on investing in the healthcare sector in Sub-Saharan Africa; Swiss Re, the reinsurance company; and CIEL Healthcare A…

Read more »

PCP announces Ubipharm investment

27 December 2015

Abidjan, Cote d’Ivoire, December 27, 2015: PCM Capital Partners (“PCP”), Managers of the West Africa Emerging Markets Growth Fund (“WAEMGF”) has announced an investment in Ubipharm SA (“Ubipharm” or “the Group”) to part fund its African expansion. The inv…

Read more »

Abraaj Group and PROPARCO partially exit stakes in Unimed

22 December 2015

Tunis, Tunisia, 22 December 2015: The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced the successful exit through one of its Funds of a partial stake in leading Tunisian pharmaceutical company Unité …

Read more »

Investisseurs & Partenaires completes Tincy Boulangerie investment

18 December 2015

The fund I&P Afrique Entrepreneurs (IPAE) welcomes a new company in its portfolio by partnering with the bakery Tincy, based in Benin. IPAE follows an active investment pace in Sub-Saharan Africa with six field offices based on the continent, in West …

Read more »

Kibo Fund I partially exits Madison Finance investment

16 December 2015

Regional PE fund Kibo I has partially exited its investment in Madison Finance Company Limited (MFinance) through redemption of its preference shares. MFinance is a licensed microfinance institution in Zambia with a network of 18 branches. TKF acquired a …

Read more »

Moringa Partnerships achieves final close

12 December 2015

Edmond de Rotschild Private Equity (EDR PE), ONF International (ONFI) and the Moringa Partnership team are pleased to announce the final closing of the Moringa S.C.A., SICAR, a private equity investment vehicle dedicated to making investments in sustainab…

Read more »

Synergy Capital Managers announce investment in Darl

11 December 2015

Synergy Capital Managers is  pleased to announce the completion of an investment in Darl Pharmaceuticals Limited by Synergy Private Equity Fund LP (SPEF). Darl is a fast growing pharmaceutical integrated value chain business with presence from production …

Read more »

LeapFrog Investments receives US$200m commitment

10 December 2015

LeapFrog Investments is set to receive up to US$200m from the Overseas Private Investment Corporation, the OPIC Board of Directors announced today. This is the largest commitment in history to any impact fund manager. It also brings commitments to LeapFro…

Read more »

Actis invests in pan-African food retailer, Food Lovers Market

04 December 2015

Actis, an emerging market investor, today announced an investment of R760m (US$54m) in Food Lover’s Market, estimated to be the largest independent food retail group in Africa. Actis is acquiring a substantial minority stake in the business and backing fo…

Read more »

AfricInvest purchases minority stake in Salvador Caetano Auto Africa

30 November 2015

AfricInvest, a pan-African mid-cap-focused private equity firm, is pleased to announce that its AfricInvest Fund III (“AFIII”) has completed the purchase of a minority stake in Salvador Caetano Auto Africa (“SC Africa”), a subsidiary of Salvador Caetano G…

Read more »

PCP completes Azalaï Hotels Group investment

30 November 2015

30th November 2015: The West Africa Emerging Markets Growth Fund (WAEMGF), a regional SME focused fund managed by PCM Capital Partners (PCP), has sealed a deal to inject CFAF 3.3 billion (€ 5 millions) in equity into the Azalaï Hotels Gro…

Read more »

IFC invests in Egypt-based Sphinx Glass

29 November 2015

The International Finance Corporation (IFC), a member of the World Bank Group, is investing in a 20 percent equity stake in Egypt-based Sphinx Glass, to boost the glass manufacturing sector in the region, support the company’s expansion, and spur job crea…

Read more »

Actis invests in Nigeria’s Sigma Pensions

26 November 2015

Actis today completed an investment of $62 million for a majority stake in Sigma Pensions (“Sigma”), a leading Pension Fund Administrator (“PFA”) in Nigeria. Actis is partnering with Sigma’s founder and Chief Executive Officer, Mr Umaru Modibbo and the cu…

Read more »

Old Mutual acquires 100% of AIIM

25 November 2015

Cape Town, South Africa, 25 November 2015: Old Mutual Alternative Investments (OMAI), a boutique of Old Mutual Investment Group, has announced an agreement to acquire the 50% of African Infrastructure Investment Managers (AIIM) that it does not already ow…

Read more »

Abraaj Group and IFC achieve full exits of ownership in Saham Finances

25 November 2015

Dubai, United Arab Emirates, 24 November 2015: The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced that it has fully exited its shareholding in the African insurer, Saham Finances (‘Saham’ or the ‘Co…

Read more »

Amethis announces minority investment in HMAO Group

19 November 2015

Amethis is pleased to announce its entry into West Africa’s healthcare market with a minority equity investment in HMAO Group. HMAO is a group composed of clinics and laboratories and is the leader in the healthcare market in the region. Through this tran…

Read more »

Actis confirms sale of Nigeria’s Ikeja City Mall

17 November 2015

Actis, an emerging markets investor, RMB Westport, a notable sub-Saharan Africa real estate investment management and development group and Paragon Holdings, a leading Nigerian investor group today confirm the sale of Ikeja City Mall to South African Real…

Read more »

Helios acquires stake in Fawry

12 November 2015

A consortium of international financial investors comprising the Egyptian-American Enterprise Fund (“EAEF”), Helios Investment Partners (“Helios”, acting on behalf of funds it advises) and the MENA Long-Term Value Fund (“MENA LTV”) (together, the “Consort…

Read more »

African Capital Alliance Replaces CEO following ministerial appointment of Okey Enelamah

11 November 2015

Okey Enelamah, Co-Founder and CEO of African Capital Alliance (ACA), was today appointed by President Muhammadu Buhari to serve as the Minister for Industry, Trade & Investment of the Federal Government of Nigeria.With this appointment, Okey Enelamah …

Read more »

Investec announces real estate JV in partnership with IFC

10 November 2015

Investec Asset Management and Growthpoint Properties announced today that they have entered into a joint venture agreement, which in partnership with IFC, a member of the World Bank Group, will seek to establish and grow a significant diversified pan-Afri…

Read more »

Helios acquires The Orange Groups stake in Telkom Kenya

09 November 2015

The Orange Group announced today that it has signed a binding agreement with Helios Investment Partners for the sale of its entire 70% stake in Telkom Kenya. The finalization of the transaction remains subject to approval from the relevant authorities.Thi…

Read more »

Abraaj acquires majority stakes in Al Kindy and Menara

04 November 2015

Casablanca, Morocco, 4 November 2015: The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced the acquisition, through its second generation North Africa Fund, of a majority stake in Centre de Traitement…

Read more »

Synergy announces investment in Riggs

28 October 2015

Synergy Private Equity Fund (SPEF) is pleased to announce the completion of its investment in Riggs Ventures West Africa PLC (Riggs), a non-captive manufacturer of polypropylene woven sacks for packaging and transporting industrial goods such as cement, a…

Read more »

Adenia exits Newpack

27 October 2015

Port Louis, Mauritius, September 2015: Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, has exited its investment in Newpack, a corrugated cardboard packaging company in the Indian O…

Read more »

Adenia Partners exits Hôtel du Louvre investment

27 October 2015

Port Louis, Mauritius, October 2015: Adenia Partners, a private equity firm investing in Sub-Saharan Africa, has exited its investment in Hôtel du Louvre, a flagship business hotel located in Antananarivo, the capital city of Madagascar, to a group of loc…

Read more »

Investisseurs & Partenaires reach first close at EUR$9.5mn

27 October 2015

IPDEV2, the first incubator and sponsor of African impact funds, held the signing of its first closing on October 20th 2015. While three funds are already operational, in Niger, Burkina Faso and Senegal, IPDEV2 aims to build a network of 10 impact funds i…

Read more »

Investisseurs & Partenaires announce first close of IPDEV2

27 October 2015

IPDEV2, the first incubator and sponsor of African impact funds, held the signing of its first closing on October 20th 2015. While three funds are already operational, in Niger, Burkina Faso and Senegal, IPDEV2 aims to build a network of 10 impact funds i…

Read more »

Swicorp Intaj Capital II Fund investment in Venezia Ice

23 October 2015

Intaj Capital II has just become a shareholder of the Moroccan firm Venezia Ice, an operator in the field of production and distribution of artisanal gelato and pastry. Managed by Swicorp, a financial advisory and private equity firm operating in the MENA…

Read more »

Adlevo, Alitheia and Omidyar back Paga in follow-on investment

16 October 2015

Paga, a Nigerian mobile payment company today announced the completion of a $13m Series B financing led by Adlevo Capital. Other Institutional Investorsin this round include Omidyar Network, Goodwell West Africa (managed by Alitheia Capital), Acumen Fund,…

Read more »

Mediterrania Capital Partners in Société Meunière Tunisienne acquisiton

16 October 2015

Mediterrania Capital Partners, the regional Private Equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, announces the acquisition of a 23% stake in Société Meunière Tunisienne through its second fund Mediterrania…

Read more »

Amethis closes investment in Ecobank Nigeria

10 October 2015

Amethis has participated in a US$75m syndicated subordinated term loan qualifying as Tier 2 capital arranged by FMO for Ecobank Nigeria. Amethis invested US$15m alongside DEG (US$20m), Swedfund (US$10m) and FMO (US$30m) , the lead arranger.This transactio…

Read more »

I&P completes two portfolio investments in West Africa

30 September 2015

The €54 million I&P Afrique Entrepreneurs (IPAE) fund, managed by Investisseurs & Partenaires, has recently invested, as minority stakeholders, in two companies based in West Africa. Both of them demonstrate the great innovation capacity of Africa…

Read more »

The Abraaj Group partners with Egyptian education provider Tiba

30 September 2015

Cairo, Egypt, 30 September 2015: The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced a partnership, through its second generation North Africa Fund (‘ANAF II’), with Tiba Group (‘Tiba’ or the …

Read more »

EIB announces participation Meridiam Africa Fund

28 September 2015

Europe’s long-term financing institution, the European Investment Bank (EIB) and Meridiam, a global investor and asset manager specializing in public and community infrastructure today announced the agreement of a new €30 million catalyst investment in th…

Read more »

Emerging Capital Partners exits Continental Reinsurance Plc

22 September 2015

Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, along with its investment partners, announces the sale of C-Re Holding Limited (“C-Re Holding”) to Saham Finances S.A (“Saham”), the i…

Read more »

AfricInvest to exit investment in Alios Finance S.A.

21 September 2015

AfricInvest is pleased to announce that its fund AfricInvest Ltd., acting as lead investor, alongside FMO (the Dutch development bank), Finnfund (Finnish Fund for Industrial Cooperation Ltd.), Bank of Africa Group (a pan-African bank majority-owned by BMC…

Read more »

Actis announces exit of Globeleq Africa

21 September 2015

Globeleq, a company owned by Actis, the pan-emerging market investor, has completed the sale and transfer of Globeleq Africa, the power generation platform in Africa, to a company owned by Norfund, the Norwegian investment fund for developing countries an…

Read more »

Synergy Capital announces final close

18 September 2015

Synergy Private Equity Fund I (SPEF) LP is pleased to announce the final close of its fund. The fund closed above its initial hard cap of $100m on September 9, 2015 ahead of the first anniversary of its first close, which was on September 12, 2014. Fundra…

Read more »

Injaro invests in Mali’s Seed Sector

10 September 2015

Bamako, Mali, September 10 2015: Injaro Agricultural Capital Holdings Limited (“IACHL”), the impact investment fund managed by Injaro Investments, announces its second investment in Mali’s agricultural sector. IACHL has signed an agreement to invest in Co…

Read more »

Investisseurs & Partenaires announces investment in SCRIMAD Group

10 September 2015

Investisseurs & Partenaires welcomes a new company in its portfolio IPAE: the agribusiness company SCRIMAD Group, located in Madagascar.This is the third investment of the Fund I&P Afrique Entrepreneurs in Madagascar, after IOT (aquaculture) et AC…

Read more »

AfricInvest exits investment in Brookhouse

07 September 2015

AfricInvest, a pan-African SME-focused private equity firm, is pleased to announce that its AfricInvest Fund II, along with other shareholders, has successfully concluded its exit from Brookhouse Schools Ltd (“Brookhouse”) to UK-based Educas LLC  in Augus…

Read more »

CDC and IFC invest US$24mn in CRDB

03 September 2015

CDC Group plc (‘CDC’) and the International Finance Corporation (‘IFC’) have invested US$24m to acquire a 5% holding in CRDB Bank plc (‘CRDB’), a provider of financial services in Tanzania. The investment will enable CRDB to continue its growth and furthe…

Read more »

AIIM announces partnership with Hydroneo Afrique

01 September 2015

Cape Town, South Africa, 1 September 2015: African Infrastructure Investment Managers (AIIM), an African infrastructure equity investment manager, has announced its industrial partnership with Hydroneo Afrique, a wholly-owned subsidiary of MECAMIDI, an es…

Read more »

Actis acquires stake in Coricraft group to propel expansion

01 September 2015

Actis today announced the acquisition of a significant minority stake in Coricraft Group, a South African home furnishings retailer. Actis’ investment affirms the strength of Coricraft Group’s cash value home retail model and will act as a substantial ena…

Read more »

Cauris Management sells stake in Eau Technologie Environnement

24 August 2015

Cotonou, Benin, 24 August 2015: Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund manager, confirmed the sale of its stake in Eau Technologie Environnement (ETE) to the Moroccan company “Les Eaux Minéral…

Read more »

The Abraaj Group Closes Second North Africa Fund

24 August 2015

The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced the final close of its second dedicated North Africa private equity Fund at US$ 375 million. The new Fund brings the total amount closed by …

Read more »

Investec announces first close of Africa Credit Opportunities Fund I

20 August 2015

Investec Asset Management has successfully closed the Investec Africa Credit Opportunities Fund 1 at U$226.5 million.The Dutch development bank, FMO, and the UK’s Development Finance Agency, CDC, played an instrumental role in anchoring the fund. The inve…

Read more »

Investec invests in wiGroup

20 August 2015

Investec Asset Management has acquired a significant shareholding in wiGroup, South Africa’s only interoperable point-of-sale mobile transacting network. Investec Asset Management will partner with wiGroup’s founder management and existing shareholder Cap…

Read more »

Amethis Finance invests in Elephant Africa Holding

20 August 2015

A consortium of investors led by Amethis Finance extends a convertible loan to Elephant Africa Holding, the holding entity of Bel Papyrus Ltd. and Bel Impex Ltd., the leading producers of tissue paper products in Nigeria.Amethis Finance is pleased to anno…

Read more »

Synergy Capital invests in Viathan

19 August 2015

Synergy Private Equity Fund (SPEF) is pleased to announce the completion of its investment in Viathan Engineering Ltd (Viathan), a developer of captive and embedded power solutions with a vision of producing and distributing modular and scalable power sol…

Read more »

International Finance Corporation invests in Africa Oil Corp

18 August 2015

Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce that it has entered into an equity subscription agreement with International Finance Corporation (“IFC”), a member of the World Bank Group, to sell, on a non-brokered private placemen…

Read more »

Investec announces follow-on investment in IHS Towers

31 July 2015

July, 31st 2015: Investec Asset Management has made a further private equity investment in IHS Towers (“IHS”), the largest African mobile telecommunications infrastructure provider. Investec Asset Management made the first private equity investment in IHS…

Read more »

Adenia Partners announce investment in Cresta Paints

29 July 2015

Port Louis, Mauritius, July 2015: Adenia Partners, a private equity firm investing in Sub-Saharan Africa, announces an investment in Cresta Paints, an auto-refinish and industrial coatings manufacturer and marketer in Africa, partnering with the company’s…

Read more »

Helios acquires Crown Agents' financial services businesses

27 July 2015

London, United Kingdom, July 27th  2015: Crown Agents Limited (“Crown Agents”) today announced it has agreed terms relating to the sale of 100% of its financial services businesses, Crown Agents Bank Limited (“CAB”) and Crown Agents Investment Management …

Read more »

Mediterrania Capital Partners' MC II fund reaches final close

27 July 2015

July 27th 2015: Mediterrania Capital Partners, the regional Private Equity firm focusing in Growth investments for SMEs, announces a final close of Mediterrania Capital II (“MC II”), its second Growth Fund for North Africa, at the planned target of €120 m…

Read more »

The Carlyle Group agrees to sell shares in ETG

27 July 2015

Dar Es Salam, Tanzania and Johannesburg, South Africa, July 27th 2015: Global Alternative Asset Manager The Carlyle Group (NASDAQ: CG) today announced its intention to sell its current minority shareholding in Export Trading Group (ETG) to the company man…

Read more »

Investec Asset Management invests in IDM Group

22 July 2015

July 22nd 2015: Investec Asset Management has agreed terms with the founding shareholders to invest in IDM Group, a South African consumer debt management company. This deal will see them partner with IDM’s founder and management team on their path to con…

Read more »

Emerging Capital Partner’s exits NSIA

15 July 2015

July 15, 2015:  Emerging Capital Partners (ECP), today confirms that it has exited la Nouvelle Societé Interafricaine d’Assurance Participations SA (NSIA), the west and central African insurance group, through the sale of its equity stake to the National …

Read more »

Injaro invests in Ghana’s poultry sector

15 July 2015

Accra, Ghana, July 15th 2015: Injaro Agricultural Capital Holdings Limited (“IACHL”), the impact investment fund managed by Injaro Investments, announces an investment in Ghana’s animal feed sector. IACHL, through its Ghanaian subsidiary Injaro Agricultur…

Read more »

African Development Bank backs AFIG Fund II

10 July 2015

10th July 2015: The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, July 8, 2015 an equity investment of up to US$45 million in Atlantic Coast Regional Fund LLC II (or “AFIG Fund II”), a 10-year US$300 million multi-sector…

Read more »

Actis exits Mouka Limited

07 July 2015

Actis today confirms that it has sold its majority shareholding investment in Mouka Limited (Mouka), the Nigerian mattress brand, to Abraaj, a private equity investor. Financial details of the transaction were not disclosed. Mouka manufactures foam sprin…

Read more »

Abraaj acquires majority stake in Mouka Limited

07 July 2015

Lagos, Nigeria, July 7th 2015: The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced the acquisition, through one of its Funds, of a majority stake in Mouka Limited (‘Mouka’ or ‘the Company’), a mattre…

Read more »

Metier announces exit from South Point

06 July 2015

Gauteng, South Africa, July 3rd 2015: South Point, established in 2003 and headquartered in Braamfontein, Johannesburg, acquires and redevelops distressed and underutilised inner city properties to provide affordable, convenient accommodation to students …

Read more »

Kibo Capital exits International Medical Group

01 July 2015

July 1st 2015: Kibo Capital Partners, a manager of regional private equity funds, today announced the sale of its entire 40% stake in Uganda-based International Medical Group (IMG). Kibo sold its shareholding to a consortium consisting of the Ciel Group, …

Read more »

Helios acquires equity stake in Oando Plc

30 June 2015

June 30th 2015: A consortium comprising Helios Investment Partners (“Helios”, acting on behalf of funds it advises) and The Vitol Group (“Vitol”) (together, the “Consortium”) today announced it has reached an agreement to acquire 60 per cent of the econom…

Read more »

Helios stake in Equity Group purchased by NSSF Uganda

24 June 2015

Nairobi, Kenya, 24th June 2015. We are pleased to announce that NSSF Uganda has completed the purchase of a 2.44% stake in Equity Group Holdings Limited (“Equity Group”) from Helios at a price of Kenya Shillings fifty (50/=) per share.Commenting on the tr…

Read more »

Helios completes sale of stake in Equity Group

06 June 2015

Nairobi, Kenya, 6th June, 2015: Helios Investment Partners announced that funds managed by Genesis have acquired from Helios 155,854,000 shares (comprising approximately 4.21% of the issued shares) in Equity Group at a price of Kenya Shillings 47.50 per s…

Read more »

Investment Housing Solutions makes first Fund II Investment in Ravenswood

05 June 2015

June 5th 2015: International Housing Solutions  has begun to approve investments as it continues to raise capital for its second fund (successfully closing about $180 million USD of capital to date).  The first investment it has closed is Ravenswood. This…

Read more »

Omidyar Network announces investment in Hotels.ng

26 May 2015

Redwood City, California and Lagos, Nigeria, May 26th 2015:  Omidyar Network today announced an investment in Hotels.ng, a hotel-booking platform in Nigeria. The company provides an online marketplace to connect consumers to more than 14,000 small and med…

Read more »

IFC invests US$10mn in Wamda Capital

21 May 2015

Cairo, Egypt, May 21 2015: IFC, a member of the World Bank Group, is investing $10 million in a venture capital fund that supports promising technology companies, part of an effort to drive job creation across the Middle East and North Africa (MENA).The i…

Read more »

Abraaj invests in Auvest MENASA Opportunities Fund

20 May 2015

Dubai, United Arab Emirates, May 20 2015:  The Abraaj Group (‘Abraaj’ or ‘The Group’), an investor operating in global growth markets, today announced its commitment of US$ 30 million to the Auvest MENASA Opportunities Fund I L.P. (the ‘Fund’). Through th…

Read more »

GEPF acquires minority stake in Bayport Management Ltd

20 May 2015

Bayport Management Ltd (“BML or “the Group”), an emerging market provider of innovative, relevant and uplifting financial solutions to a broad economically active population, today announced the $149 million investment into the Group by the Public Investm…

Read more »

CDC announces US$75mn commitment to Pembani Remgro Infrastructure Fund

18 May 2015

CDC Group plc (‘CDC’), the UK development finance institution, has announced a commitment of US$75m to the Pembani Remgro Infrastructure Fund (the ‘Fund’ or ‘PRIF’), a joint initiative established by Remgro and Phuthuma Nhleko. By providing 30% of capital…

Read more »

AfDB approves US$50mn investment in CEC Africa Investments

13 May 2015

The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 29, 2015, a USD 50 million investment in CEC Africa Investments Limited, a multinational power company headquartered in Nigeria and Zambia. CEC Africa (CECA) seeks …

Read more »

Helios invests US$100mn in Africa Oil Corp.

05 May 2015

London, United Kingdom, May 5th 2015 – Funds advised by Helios Investment Partners (“Helios”) have agreed to invest $100m for a 12.4% stake in Africa Oil Corp. (“Africa Oil” or “the Company”). Africa Oil Corp. is a Canadian oil and gas company with a…

Read more »

OPIC: Global Engagement Call For Proposals

30 April 2015

Overseas Private Investment Corporation: Global Engagement Call For ProposalsThe Overseas Private Investment Corporation is launching its 2015 Global Engagement Call for Proposals. OPIC is inviting proposals from fund managers seeking OPIC financing for f…

Read more »

DEG commits to Vantage Capital's Fund III

24 April 2015

Johannesburg, South Africa, April 24 2015:  Vantage Capital, an African mezzanine debt provider, today announced that the DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”) and four other European investors are contributing a total of a…

Read more »

AFIG Funds invests in Primrose Properties Ghana Ltd

23 April 2015

Advanced Finance and Investment Group (“AFIG Funds”), manager of the Atlantic Coast Regional Fund (“ACRF”) is pleased to announce that it has completed an investment in Primrose Properties Ghana (“PPG”), a leading real estate development company based in …

Read more »

Verod Capital buyout of Union Trustees Limited

22 April 2015

Verod Capital has along with the management team of Union Trustees Limited acquired Union Trustees Limited. This is the third investment in Verod Capital’s Fund II. The company, a fully owned subsidiary of Union Bank of Nigeria is duly licensed and regist…

Read more »

The Abraaj Group closes US$990 Sub-Saharan Africa fund

13 April 2015

Dubai, UAE, 13 April 2015:  The Abraaj Group (“Abraaj” or “The Group”), an investor operating in global growth markets, today announced the final close of its third dedicated Sub-Saharan Africa private equity fund at US$ 990 million. Abraaj Africa Fund I…

Read more »

FMO exits Safripol investment

08 April 2015

Johannesburg, South Africa, April 8 2015: The Netherlands Development Finance Company (FMO) and Vantage Capital have exited their R220 million ($32 million) investment in Safripol, a Southern African plastic polymer manufacturer.Vantage is a Pan-African m…

Read more »

Actis partially exits Edita Food Industries

02 April 2015

Actis, the global pan-emerging market private equity investor, has partially exited from Edita Food Industries (Edita), an independent snack food business in North Africa. Subject to final completion, Actis has sold a 15 % stake as part of a heavily overs…

Read more »

DPI closes pan-African ADP II fund at US$725 million

01 April 2015

London, United Kingdom, 01 April 2015:  DPI, an Africa private equity specialist with US$1.1 billion under management, has successfully closed its second fund, the oversubscribed ADP II fund, at ~US$725 million significantly beating its $500 million targe…

Read more »

CDC invest in sustainable timber company, Miro Forestry

30 March 2015

London, United Kingdom, 30 March 2015: A new US$15m investment which will boost the forestry industry and create jobs in West Africa was announced today by CDC, the UK’s development finance institution. CDC is backing Miro Forestry, a sustainable timber …

Read more »

Amethis Finance acquires a minority stake in the NSIA Group

26 March 2015

Amethis Finance ("Amethis") and the National Bank of Canada ("National Bank") - one of Canada’s leading integrated financial groups - are pleased to announce the acquisition of a minority stake in NSIA Participations ("NSIA"), a financial group headquarte…

Read more »

Verod Capital fully exits HFP Engineering and partially exits GZ industries

23 March 2015

Verod Capital has fully exited ownership of HFP Engineering (“HFP”), a Nigerian company based in Lagos.  Established in 1979, HFP is a major player in the property development and construction industry in Nigeria.  The company developed several landmark p…

Read more »

The Abraaj Group exits majority stake in ECCO Outsourcing

10 March 2015

Cairo, Egypt, 10 March 2015: The Abraaj Group (‘Abraaj’ or ‘the Group’), an investor operating in global growth markets, today announced the successful exit, through one of its Funds, of its investment in ECCO Outsourcing S.A.E (‘ECCO’ or ‘the Company’), …

Read more »

Metier successfully close African private equity fund, Metier Capital Growth Fund II

04 March 2015

Gauteng, South Africa, 4 March 2015: The Metier Capital Growth Fund II completed its first close in mid-February 2015 and has already signed a binding sale agreement with its first portfolio company, a consumer retail chain with a presence in South Africa…

Read more »

Actis wins Africa Infrastructure firm of the year

02 March 2015

Actis has won two awards for its preeminent African and energy expertise. The firm has been named ‘2014 Firm of the Year in Africa’ by Private Equity International (PEI) and ‘2014 African Infrastructure Fund Manager of the Year’ by Infrastructure Investor…

Read more »

Abraaj, EBRD, DEG and Proparco Invest US$200mn in North Africa Hospital Holdings Group

02 March 2015

Dubai, United Arab Emirates, 2nd March 2015: The Abraaj Group, a leading private equity investor operating in global growth markets, today announced the formation of the North Africa Hospital Holdings Group (NAHHG), a healthcare investment platform to enh…

Read more »

Amethis Finance acquires stake in CIEL Finance Limited to expand footprint in Africa and the Indian Ocean

26 February 2015

Amethis Finance has taken a 17.1% participation in CIEL Finance Limited, the Banking & Financial Services cluster of Mauritius-based CIEL group. CIEL Finance currently holds: 50% in Mauritius-based Bank One   55.5% in IPRO (mutual fund…

Read more »

LeapFrog invests US$25mn in AFB Mauritius Limited

26 February 2015

LeapFrog Investments is investing US$25m in AFB Mauritius Limited (“afb”). afb is a disruptive financial technology platform that offers life-changing financial tools to financially-excluded consumers and small businesses in sub-Saharan Africa.  afb partn…

Read more »

Actis Launches US$1.9bn Pan-African Renewable Energy Platform

17 February 2015

Actis today announced the launch of a pan-African renewable energy generation platform, Lekela Power. Actis is investing alongside Mainstream Renewable Power, the global wind and solar developer, which will own the other 40% of the platform.Lekela Power i…

Read more »

Helios Investment Partners closes $1.1 billion African private equity fund

06 February 2015

Following an announcement that Helios Investment Partners (“Helios”) exceeded the $1 billion target set for the firm’s third Africa-focused fund, Helios Investors III, L.P. (“Helios III”), Helios today announced that Helios III, which was oversubscribed, …

Read more »

Qalaa Holdings Exits Pharos Holding

03 February 2015

Qalaa Holdings (CCAP.CA on the Egyptian Exchange, formerly Citadel Capital), an African leader in infrastructure and industry, signed today a sale and purchase agreement to divest its full 80% shareholding in Pharos Holding in a deal valuing 100% of Pharo…

Read more »

CDC take direct ownership and control of Globeleq & forms partnership to boost power generation in Africa

03 February 2015

A new partnership to boost power generation in Africa by adding at least 5,000 megawatts (MW) of generating capacity over the next 10 years has been announced today by Norfund, the Norwegian Investment Fund for Developing Countries, and CDC, the UK develo…

Read more »

AfricInvest to exit its investment in Kenyan Insurance Company, UAP Holdings

27 January 2015

AfricInvest, a leading pan-African SME-focused private equity firm, is pleased to announce that its AfricInvest Fund II (“AFII”) and AfricInvest Financial Sector (“AFS”) Fund, along with two other investors, Aureos Africa Fund (managed by Abraaj) and Swed…

Read more »

Helios Investment Partners exits partial stake in Equity Group Holdings Limited to Norfund and NorFinance

16 January 2015

London,United Kingdom, 16 January 2015: Norfund and NorFinance AS (a joint venture investment company between Norfund and Norwegian private investors) have agreed terms with Helios Investment Partners (“Helios”) to purchase from Helios an effective stake …

Read more »

Helios Investment Partners poised to close US$1.1 billion African private equity fund

12 January 2015

London, United Kingdom, 12th January 2015: Helios Investment Partners ("Helios"), a leading pan-African private investment firm, today announced it has exceeded the $1 billion target set for its third Africa-focused fund and the firm will shortly be closi…

Read more »

CDC appoints new Managing Director for its Africa Funds team

09 January 2015

London, United Kingdom, January 9th 2015: CDC Group plc, the UK’s development finance institution, has appointed Murray Grant as Managing Director for its Africa Funds team.  He will join CDC in January 2015 and will manage the team responsible for the or…

Read more »

Centum Investment Company exits stake in UAP Holdings Limited to Old Mutual

08 January 2015

Nairobi, Kenya, January 8th 2015: Centum Investment Company Limited (“Centum”) is pleased to announce that it has entered into an agreement with a member of the Old Mutual Group for the sale of Centum’s 13.75% shareholding in UAP Holdings Limited.  Alongs…

Read more »

AIIM portfolio company, Cenpower announces financial close of USD900m project financing for construction of independent power plant

06 January 2015

Following the fulfilment of the conditions precedent to its debt financing agreements, Cenpower Generation Company Limited (Cenpower) announced the financial close of the circa USD900 million project financing required for the construction and development…

Read more »

AIIM's investment, Cookhouse Wind Farm reaches commercial operations

05 January 2015

Cookhouse, South Africa, December 2014 - Cookhouse Wind Farm, recently completed all required performance tests and grid compliance to reach commercial operations and enable achievement of Commercial Operations Date (COD). This makes it the first project …

Read more »

AIIM investment, Renewable Energy Investments South Africa, reaches major milestone with commercial operation of solar PV facility

05 January 2015

Renewable Energy Investments South Africa (RF) Pty Ltd (REISA) commenced commercial operation of the Kathu Solar PV facility – one of the largest photovoltaic projects in South Africa – on 11 November 2014. The project is expected to deliver 179GWh of cle…

Read more »

AFIG Funds announces investment agreement with Nigerian pharmaceutical and beverage producer, Nigerian-German Chemicals

23 December 2014

PRESS RELEASE – Dakar, Lagos, Tuesday, December 23, 2014 – Shareholders of Nigerian-German Chemicals plc (“NGC”), a leading Nigerian producer and distributor of pharmaceutical products and bottled beverages, approved an investment agreement of up to USD 1…

Read more »

The Abraaj Group exits Tunisian baked goods manufacturer, Moulin d’Or

22 December 2014

  Investment enabled expansion of Company’s North African footprint and increased product range   Construction of new state-of-the-art production plant to further improve long-term growth prospects Tunis, Tunisia, 22 December 2014: The…

Read more »

Amethis Finance invests in Kenyan printing and packaging group, Ramco Plexus

19 December 2014

  This partnership intends to consolidate Ramco’s market share and reinforce its expansion in East and Central Africa. Further to Ramco internal restructuring that started 2 years back, Amethis Finance has announced it has just acquired one thir…

Read more »

CDC publishes guidance for investors on preventing serious accidents and fatalities

17 December 2014

CDC has published guidance for investors to help them assess the likely risks of serious or fatal workplace incidents in emerging markets. The guidance also advises investors on how to reduce the likelihood of such incidents.While drawing on broad industr…

Read more »

The Abraaj Group invests in Algerian logistics company, FBA

17 December 2014

Skikda, Algeria, 17 December 2014: The Abraaj Group (‘Abraaj’ or ‘The Group’), a leading investor operating in global growth markets, today announced the acquisition, through one of its Funds, of a stake in La Flèche Bleue Algérienne SPA (‘FBA’), a leadin…

Read more »

CDC backs African renewable energy with US$20m investment

17 December 2014

A new US$20 million investment to boost the development of renewable energy in sub-Saharan Africa has been announced today by CDC, the UK’s development finance institution.CDC’s commitment to the Africa Renewable Energy Fund (“AREF”) will make long-term c…

Read more »

Shea Yeleen Health and Beauty, LLC completes follow-­on investment with PanAfrican Investment Co.

11 December 2014

Washington, DC, December 11 2014: Shea Yeleen Health and Beauty, LLC (SY) announced today that it has finalized a follow­‐on round of investment with the PanAfrican Investment Co., LLC (PIC). Funds from PIC will be used to build the brand, which currently…

Read more »

AFIG Funds partners with Bourse Régionale des Valeurs Mobilières to promote SMEs

09 December 2014

Abidjan - On December 9, 2014, in Dakar, Senegal, the Regional Stock Exchange (BRVM) and Advanced Finance & Investment Group (AFIG Funds) signed a strategic partnership agreement to facilitate access to financing via the stock exchange. This partnersh…

Read more »

Amethis and Retail Holding (the parent company of Label'Vie) jointly invest in the “Compagnie de Distribution de Côte d'Ivoire” (CDCI), the number 2 food distribution Company in Côte d’Ivoire

08 December 2014

Amethis Finance and Retail Holding (the parent company of Label’Vie Group) jointly invest in CDCI, the number 2 food distribution Company in Côte d’Ivoire, thus building a long-term partnership to support the Company’s development in Côte d’Ivoire and in …

Read more »

DPI acquires stake in Southern Africa home shopping retailer, HomeChoice International

03 December 2014

London – DPI, a pan-African private equity firm announced today that ADP II, a pan-African private equity fund advised by DPI, has acquired a strategic minority stake HomeChoice International (“HomeChoice”), a leading omni-channel home shopping retailer i…

Read more »

Funds Managed by DPI, AfricInvest, DEG, FMO and Proparco to exit their investment in Mansard

28 November 2014

Funds managed by DPI (“Development Partners International LLP”) and AfricInvest, leading Africa-focused private equity funds and DEG, FMO and PROPARCO, the European development finance institutions, announced today that they have entered into a definitive…

Read more »

DOB Equity invests in Ugandan agricultural company

27 November 2014

In summary: DOB Equity is pleased to announce it has completed an investment in Joseph Initiative Ltd. an agricultural trading company that aims to improve efficiencies in the maize supply chain benefiting thousands of Ugandan farmers. DOB Equit…

Read more »

The Carlyle Group and Old Mutual Private Equity to acquire 100% of Tiger Automotive

26 November 2014

Investment secures next phase of growth and expansionJohannesburg, South Africa – Global Alternative Asset Manager The Carlyle Group (NASDAQ: CG) and Old Mutual Private Equity today announced that they have agreed to acquire 100% of South African tyre ret…

Read more »

The Carlyle Group invests in Diamond Bank Plc, a Nigerian commercial bank

24 November 2014

$147 million investment sees The Carlyle Group become a significant shareholder   Lagos, Nigeria - Global alternative asset manager, The Carlyle Group (NASDAQ: CG) today announced that it has invested $147 million in Diamond Bank (NGSE: DIAMONDBNK), a c…

Read more »

ADC successfully exits Resolution Health East Africa Limited

20 November 2014

  Exit in-line with ADC’s strategic focus on banking   Leapfrog becomes key shareholder ADC African Development Corporation AG (ADC) announces the sale of its 38.74% stake in Resolution Health East Africa Limited (RHEAL) to Peter Nduat…

Read more »

LeapFrog to acquire majority stake in Resolution Insurance

20 November 2014

  LeapFrog Investments and Resolution Insurance today announce that LeapFrog intends to invest KSh 1.68 billion (US$18.7million) for a majority stake in Resolution Insurance, through its holding company, Resolution Health East Africa Limited   …

Read more »

The Abraaj Group announces offer to acquire up to 100% of Egyptian Company For Foods BiscoMisr

19 November 2014

Cairo, Egypt, 19 November 2014: The Abraaj Group (“Abraaj” or “The Group”), a leading investor operating in global growth markets, has today issued the following statement in regards to the tender offer the Group has made, through one of its Funds, for th…

Read more »

Kuramo Capital Management's Walé Adeosun appointed to Advisory Council to advance the U.S. President's business priorities for Africa

07 November 2014

U.S. Secretary of Commerce Penny Pritzker Appoints Advisory Council to Advance President's Business Priorities for AfricaAt Discover Global Markets forum in Atlanta, Secretary Pritzker focuses on trade and investment opportunities in Sub-Saharan AfricaU.S…

Read more »

ACA invests in Filmhouse Cinemas and Film One

01 November 2014

November 1 2014 - African Capital Alliance (ACA) today announced its investments in Filmhouse Cinemas, the fastest growing cinema chain in Nigeria and Film One, its associated film production and distribution company.Filmhouse opened its doors in December…

Read more »

Fusion invests Kes. 2billion in Meru Greenwood Park

31 October 2014

Fusion Capital is pleased to announce its latest investment in Meru Greenwood Park, a Kes. 2billion integrated development in the heart of Meru County. Fusion has partnered with local investors through a joint venture SPV, and the project is scheduled to …

Read more »

Launch of the Kusuntu African Private Equity and Small Growing Businesses Market Place

24 October 2014

Paris, October 24 2014: Kusuntu Partners launches a new service for linking up the Africa Focused Private Equity Funds and Investors to Africa Small and Growing Businesses.Kusuntu, a partnership that promotes the emergence and the development of African E…

Read more »

Closing of Africinvest III at Euro 154 million

15 October 2014

Tunis, October 15th 2014 –  The AfricInvest Group is pleased to announce the first closing of the multi-sector private equity fund AfricInvest Fund III LLC (‘AF III’), with a size exceeding Euro 154 million in capital commitments alongside prestigious dev…

Read more »

The Abraaj Group invests in leading South African FMCG manufacturer, Liberty Star Consumer Holdings (Pty) Limited

08 October 2014

  Abraaj continues its investment focus on market-leading African businesses targeting the rising middle and consumer classes   Acquisition demonstrates Abraaj’s continued commitment to execute proprietary African private equity investments…

Read more »

AfDB approves €10 million equity investment in Moringa Private Equity Fund

08 October 2014

On Wednesday, October 1, 2014 in Abidjan, the Board of Directors of the African Development Bank approved a €10-million equity investment in the African compartment of the Moringa Private Equity Fund.Moringa will invest in scalable, replicable agroforestr…

Read more »

LeapFrog Investments sells stake in Kenyan insurer Apollo to Swiss Re

08 October 2014

  LeapFrog Investments has agreed to sell its minority stake in Apollo Investments Limited, a leading East African insurance group, to Swiss Re.   LeapFrog is actively seeking further financial services companies in the region, with up to U…

Read more »

AVCA members Emerging Capital Partners and Helios Investment Partners in major new growth capital financing round for Wananchi Group

06 October 2014

Nairobi, 2 October 2014 – Wananchi Group (“Wananchi”), owners of the Zuku Fiber, Zuku pay TV and Simbanet business services brands, today announced the closure of a $130m financing to fund its growth and expansion in East and Southern Africa.“The new capi…

Read more »

Adenia Partners acquires Mauvilac

29 September 2014

Port Louis, Mauritius, September 2014: Adenia Partners, a private equity firm investing in the Indian Ocean and West Africa regions, announces the acquisition of Mauvilac, the leading paint, coatings and chemical products manufacturer and marketer in Maur…

Read more »

Announcement of First Close – Synergy Private Equity Fund (LP)

15 September 2014

Synergy Private Equity Fund (LP) is pleased to announce its first close of US$56.25M on September 12, 2014.  The Synergy Private Equity Fund (SPEF) is a $75 million-target ($100m hard cap) private equity fund domiciled in Mauritius and focused on mid-size…

Read more »

Catalyst Principal Partners Invests in Leading Pharmacy Retail Chain

08 September 2014

Nairobi, Kenya: East African focused private equity firm, Catalyst Principal Partners, has announced an investment in retail pharmacy chain, Mimosa Pharmacy Limited. The investment will build on Mimosa’s strong reputation for quality health and beauty pro…

Read more »

Landmark deal transforms IHS: Investec Asset Management PE portfolio company clear leader in Africa mobile towers

05 September 2014

Investec Asset Management is delighted to recognise the significant achievement of IHS in being selected by MTN to jointly own, and to have full operational control over, the 9,151 network towers that MTN currently has in Nigeria. This landmark deal, foll…

Read more »

Injaro Investments Limited plans to invest close to $50 Million in West Africa’s agribusinesses

29 August 2014

Injaro Investments Limited (“IIL”) is pleased to announce the final closing of Injaro Agricultural Capital Holdings Limited (“Injaro”), its West-Africa focused impact-oriented fund, with total commitments of US$49m. Final closing commitments of US$15m, US…

Read more »

ACA invests in a leading Online Travel Agency

29 August 2014

August 29, 2014 - African Capital Alliance (ACA) today announced its investment in Wakanow, Nigeria’s leading online travel agency (OTA).Wakanow was founded in 2008 to address the complex challenges customers face when booking travel in and from Nigeria. …

Read more »

Synergy Capital – Exit of Investment in Ridge Energy Limited Ghana (“Ridge Energy”)

29 August 2014

Synergy Capital (Synergy) is pleased to announce the exit of its investment in Ridge Energy Limited Ghana, a mid stream oil & gas infrastructure business located in Tema, Ghana.  The transaction, which, closed on Thursday, August 28, 2014, is a trade …

Read more »

The Carlyle Group and Dangote Industries Limited Form Strategic Investment Partnership

05 August 2014

Partnership will invest across the oil & gas value chain as well as in consumer, financial services and agribusiness sectors – building blocks of the African economyWashington, DC & Lagos, Nigeria – Global alternative asset manager The Carlyle Gro…

Read more »

The Abraaj Group successfully exits its first investment in Angola

03 August 2014

  Abraaj exits investment in Fibrex, a leading manufacturer of plastic pipes   Deal among the first for the private equity industry in Angola   Production volume increased organically by over 70% per cent The Abraaj Group (“A…

Read more »

AfricInvest Group partners with FMO, MicroVest II, LP & Finnfund to form SFC Finance

22 July 2014

AfricInvest, along with FMO, MicroVest II, LP and Finnfund, is delighted to announce the creation of SFC Finance, a lender to African small and medium enterprises (SMEs). SFC Finance will commence operations with committed shareholders’ equity of $20 mill…

Read more »

The Abraaj Group invests in leading Tunisian private hospital Clinique Taoufik

14 July 2014

  Abraaj brings significant pan-regional healthcare experience and a growing investment track record in Tunisia   Investment will increase patient capacity and add new services Tunis, Tunisia, 14 July 2014: The Abraaj Group (‘Abraaj’ o…

Read more »

Fusion buys equity stake in Kenya’s first free newspaper

10 July 2014

Fusion Capital announces its partnership with Xtra Publishing Limited, a free newspaper ‘X News’ and digital content company with a 40% equity stake in the company.Xtra is set to be the pioneer in the continent in its efforts to leverage free print and di…

Read more »

Helios Towers Africa raises $630 million in a new equity fundraising

10 July 2014

Helios Towers Africa (“HTA”), the leading, independent telecommunications towers company in Africa, announces that it has raised $630 million in new equity resources from existing and new shareholders.Existing shareholders including: Quantum Strategic Par…

Read more »

Development Partners International and Public Investment Corporation in consortium acquisition of RTT

01 July 2014

A private equity consortium led by Ethos Private Equity, announced today that it has acquired c.80% of the RTT Group for an undisclosed sum. Other key shareholders in the consortium are African Development Partners II, a private equity fund advised by Dev…

Read more »

Amethis Finance successfully mobilizes USD 530 Million for African Entrepreneurs

30 June 2014

Amethis Finance, the private investment fund dedicated to long-term responsible investments in Africa, founded in partnership between Luc Rigouzzo, Laurent Demey, and the Edmond de Rothschild Group through Compagnie Benjamin de Rothschild Conseil “CBR”, s…

Read more »

WAEMGF invests USD 5 million in LeasAfric Ghana Limited

27 June 2014

Accra, Ghana, 27 June 2014: The West Africa Emerging Markets Growth Fund (WAEMGF) has announced a USD 5 million investment in Leasafric Ghana Limited a specialist non-bank financial institution that primarily providing finance and operating lease solution…

Read more »

The Abraaj Group announces submission of tender offer for listed Egyptian hospital

19 June 2014

  Abraaj to acquire Cairo Medical Center, a leading 177 bed hospital in East Cairo   Plan to upgrade facilities and invest in medical technology and staff training to meet increasing demand for quality healthcare Cairo, Egypt, 19 June …

Read more »

The Abraaj Group announces submission of tender offer for listed Egyptian education group

19 June 2014

  Abraaj to acquire stake in Egypt’s largest K-12 private schools group with a focus on the provision of affordable high quality education   Growth capital investment will help CIRA’s expansion in the tertiary education sector in Egypt …

Read more »

IFC Supports Nigeria’s Business Infrastructure with Investment in Shopping Mall

19 June 2014

Lagos, Nigeria, June 19, 2014 – IFC, a member of the World Bank Group, today announced a $9.5 million investment in Jabi Lake Mall to support demand for modern business infrastructure and retail space in Abuja, Nigeria. The project will help create about …

Read more »

CDC invests up to US$20m in power in Cameroon

16 June 2014

CDC has committed up to US$20m into Cameroon’s national electricity utility company, Société Nationale d’Electricité (SONEL), and in two independent power plants, Kribi and Dibamba. The investments have been made as part of the overall $202m transaction l…

Read more »

Kibo Capital Partners announces $50m first close of The Kibo Fund II

13 June 2014

Kibo Capital Partners today announced the first close of its second fund, The Kibo Fund II LLC (‘Kibo II’), totalling US$50 million. Kibo II targets growth capital investments in East Africa, Southern Africa and the Indian Ocean islands.Investors include …

Read more »

Dentons wins Advisor of the Year award at the Private Equity Africa Awards 2014

13 June 2014

Dentons is delighted to have won the 'Advisor of the Year – Single Deal Advisor' award at the Private Equity Africa Awards 2014. Dentons won the award for its role advising Indorama on its co-investment with Helios in the US$3bn Petrobras Oil & Gas JV…

Read more »

Helios wins Large Cap Deal of the Year for Petrobras Africa and Henry Obi receives Outstanding Leadership Award

12 June 2014

OUTSTANDING LEADERSHIP AWARDHenry Obi, Partner, Helios Investment PartnersDEAL OF THE YEAR: Large Cap Deal of the YearPetrobas Africa, Helios Investment PartnersHenry Obi, partner and chief operating officer at Helios Investment Partners, has been awarded…

Read more »

DEG: Investment opportunities in Africa

12 June 2014

Many African countries have enjoyed a distinct improvement of framework conditions. Africa is home to six of the world's ten fastest-growing economies. The continent as a whole has reported a threefold increase in its economic performance since 2000.The o…

Read more »

Webber Wentzel wins the Private Equity Africa Deals Legal Advisor of the Year Award

11 June 2014

Leading South African law firm Webber Wentzel has received the Private Equity Africa Deals Legal Advisor of the Year award for 2013."We are extremely proud of this achievement. It is a testament to our deep and longstanding private equity sector specialis…

Read more »

King & Wood Mallesons SJ Berwin wins ‘Legal Advisor of the Year - Funds’ at Private Equity Africa Awards

10 June 2014

King & Wood Mallesons SJ Berwin has been awarded ‘Legal Advisor of the Year - Funds’ at Private Equity Africa’s third annual GP & Advisor Awards.The Private Equity Africa Awards celebrate the best in-class global investors and advisors working sol…

Read more »

ACA invests in Gas Midstream Platform

09 June 2014

June 9, 2014 - African Capital Alliance (ACA) today announced its investment in Gas Train Limited, a gas infrastructure development platform operating in Nigeria.Gas Train was set up by the Owel-Linkso Group, a project development firm which also provides…

Read more »

Helios Investment Partners invests in ARM Pensions

02 June 2014

LONDON, 2nd June 2014 – Helios Investment Partners (“Helios”) and Asset & Resource Management Company Limited (“ARM”) have reached an agreement whereby funds advised by Helios will acquire a minority stake in ARM Pension Managers PFA Limited (“ARM Pen…

Read more »

ADC further streamlines its private equity portfolio and successfully sells RSwitch to Millicom

02 June 2014

ADC African Development Corporation AG (ADC); ISIN DE000A1E8NW9, announces the sale of RSwitch, the national e-payment switch of Rwanda, to Millicom (Stockholmsbörsen: MIC) – a digital services provider operating under the Tigo brand in 15 markets in Afri…

Read more »

Emerging Capital Partners-led regional banking group announces strong results in second fundraising round

19 May 2014

19 May 2014: Oragroup, the Togo-based, regional commercial banking holding company with operations spanning twelve countries in West and Central Africa, has completed a significant second fundraising period, totaling US$40.6 million. The results of the fu…

Read more »

Investec Asset Management secures $40m stake in Uganda’s Umeme

19 May 2014

Following a successful bid, Investec Asset Management, one of the largest managers of third party assets in Africa, today announced that it is now, after Actis, the single largest shareholder in Umeme, the leading electricity distribution company in Ugand…

Read more »

DPI’s pan-African private equity fund takes US$20 million stake to build education across Africa

14 May 2014

Marrakesh/London - African Development Partners II L.P. (“ADP II”), a pan-African private equity fund advised by Development Partners International LLP (“DPI”) is making a US$20 million equity investment in Université Privée de Marrakech (“UPM”), one of M…

Read more »

ECP’s Central Africa Growth Sicar exits Oragroup

12 May 2014

12 May 2014: The Central Africa Growth Sicar (CAGS) fund, managed by pan-African private equity firm Emerging Capital Partners (ECP), today announces it has successfully exited its stake in Oragroup, the Togo-based, regional commercial banking holding com…

Read more »

Cauris Management's Fonds Cauris Croissance II invests in Cote d'Ivoire-based pharmaceutical business, CIPHARM

01 May 2014

Abidjan, Cote d’Ivoire, April 2014: FONDS CAURIS CROISSANCE II LIMITED, advised by the West African fund manager Cauris Management, agreed to invest in CIPHARM to diversify its range of injectable pharmaceuticals products.CIPHARM is a Cote d’Ivoire-based …

Read more »

ECP’s portfolio company IHS continues expansion with additional fundraise

30 April 2014

April 30, 2014: ECP’s Africa Fund III portfolio company, IHS Holding Limited (IHS), has achieved another milestone in its expansion plans with the securement of an additional US$550m of equity to date in 2014, thereby extending its lead as Africa’s larges…

Read more »

The Abraaj Group invests in Moroccan chocolate confectionery manufacturer, Kool Food

16 April 2014

Investment will consolidate Kool Food’s market-leading position in Morocco and enhance its international expansion plansCasablanca, Morocco, 16 April 2014: The Abraaj Group ("Abraaj" or "The Group"), a leading investor operating in global growth markets, …

Read more »

The Carlyle Group Closes Carlyle Sub-Saharan Africa Fund at almost $700 m

16 April 2014

Dedicated African private equity fund focuses on businesses that support growing middle class London, UK – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the final close of Carlyle Sub-Saharan Africa Fund (CSSAF), reachin…

Read more »

AfricInvest Group achieves third closing of its AfricInvest Financial Sector Fund

07 April 2014

AfricInvest Group is delighted to announce the third and final closing of its AfricInvest Financial Sector (AFS) fund, with limited partner commitments reaching EUR 60.6 million.New commitments came from KfW,BIO, Desjardins Group, and the Adolf H. Lundin …

Read more »

Citadel Capital Subsidiary acquires additional stake of Rift Valley Railways in $37.8m transaction

02 April 2014

Citadel Capital Subsidiary Acquires Additional 34% of Rift Valley Railways in US$ 37.8 mn Transaction, Bringing Total Holding to 85%Transaction brings Africa Railways’ total holding in RVR to 85% via acquisition of shares from TransCentury; capital increa…

Read more »

AVCA and EY Research release: Private Equity in Africa is moving to a new phase of maturity

02 April 2014

LAGOS, 2ND APRIL 2014: Release today, the second annual joint study by the African Private Equity and Venture Capital Association (AVCA) and EY confirms private equity (PE) in Africa is becoming a more established asset class in the region’s investment la…

Read more »

Helios Investment Partners announces $355 m first close of Helios Investors III, L.P.

01 April 2014

LONDON, March 28th, 2014 – Helios Investment Partners is pleased to announce a $355 million first  close of Helios Investors III, L.P. (“Fund III”) following the launch of fundraising in December. The Fund III target remains $1 billion; a subsequent close…

Read more »

Swicorp lists Sotipapier on the Tunis Stock Exchange

31 March 2014

Tunis - March 31st, 2014Swicorp, a leading investment banking and asset management firm focused on the MENA region, announced the successful listing of Sotipapier on the Tunis Stock Exchange. Swicorp acquired a strategic stake in Sotipapier in May 2012 th…

Read more »

PIC invest €19m in Phoenix Capital Management's West Africa Emerging Markets Growth Fund

26 March 2014

PIC invests Euro 19 million (FCFA 14 billion) in the West Africa Emerging Markets Growth Fund (WAEMGF), the Phoenix Capital Management (PCM) sponsored PE fund.Johannesburg, South Africa, March, 2014 – South Africa’s Public Investment Corporation (PIC), th…

Read more »

Fusion Capital acquires stake in Kenyan Bank, REMU Microfinance Bank

25 March 2014

NAIROBI, 25TH MARCH 2013FUSION BUYS STAKE IN REMU MICROFINANCE BANKFusion Capital has completed buying a 25% stake in REMU Microfinance Bank, in a move that will see the private equity firm inject working capital and divest its ‘debt only’ portfolio, to f…

Read more »

Anjarwalla & Khanna has entered into a strategic relationship with ATZ Law Chambers

24 March 2014

Anjarwalla & Khanna (A&K) has entered into a strategic relationship with ATZ Law Chambers (ATZ), a law firm in Tanzania. Shamiza Ratansi and Amish Shah (both formerly of Adept Chambers) set up the new firm in March, shortly after Dr. Fred Ringo of…

Read more »

PROPARCO reiterates its support to Zimbabwean banking sector by extending a $10m Loan to Central Africa Building Society

19 March 2014

Harare, 19 March 2014. PROPARCO announces the signing of a 5-year loan agreement of US$ 10m with Central African Building Society (CABS) to support its growth.The signing ceremony took place, today, in Harare at the Residence of the Ambassador of France t…

Read more »

Emerging Capital Partners announces investment in Algerian bottling business, Atlas Bottling Corporation

14 March 2014

  ABC is PepsiCo’s exclusive Bottler in Algeria   ECP, the Pan-African specialist, gains exposure to Africa’s third largest soft drinks sector; focusing further on the fast growth consumer market London and Algiers, 14 March 2014: Emer…

Read more »

Standard Chartered Private Equity initiates ‘Power Africa’ Partnership with USD57 million investment in Copperbelt Energy Corporation

11 March 2014

Lusaka, Zambia – Tuesday 11 March 2014: Standard Chartered’s Private Equity Africa division (“SCPE”) announced its first investment in Africa’s developing power sector. SCPE has invested USD57 million into Zambian Energy Corporation (“ZamEn”), the control…

Read more »

AIIM's IHS Holding Ltd secures $490m to fund continued expansion across Africa

03 March 2014

IHS Holding Ltd. secures US$490 million to fund continued expansion across AfricaTransaction highlights: Significant funding round for IHS includes US$420 million of equity and US$70 million in debt   Existing shareholders contributing alon…

Read more »

Catalyst Principal Partners acquires a stake in Tanzanian Logistic business EFFCO Tanzania Ltd

26 February 2014

Nairobi- Kenya-based private equity firm Catalyst Principal Partners has announced acquisition of majority stake in Tanzania of a heavy equipment rental and logistics firm, EFFCO. Catalyst Principal Partners invests amounts of between US$5million - US$20m…

Read more »

Amethis Finance invest in Ghanaian commercial bank, Fidelity Bank

26 February 2014

Amethis Finance (“Amethis”) and Edmond de Rothschild Europportunities Management II (“ERES”) are pleased to announce the signing of the legal documentation formalizing a minority equity investment in Fidelity Bank Ghana Limited, for a total consideration …

Read more »

MBO Capital Management Limited Rated “BBB(IM)”

13 February 2014

Agusto & Co has assigned a rating of “BBB(IM)” to MBO Capital Management Limited (”MBO Capital” or “The Manager”).Investment  Managers rated “BBB (IM)” are considered to have ADEQUATE investment and risk management capabilities. The rating is supporte…

Read more »

Agri-Vie invests $5m into Kenyan flower exporting business Kariki Group

13 February 2014

Agri-Vie, the private equity fund focused on food and agribusiness investments in Sub-Saharan Africa, has announced a $5 million investment into Kariki Group, a specialist Kenyan flower exporting business. According to Dave Douglas, Investment Advisor at…

Read more »

Verod Capital invests in South Africa-based oil & gas business SacOil Holding

09 February 2014

Verod Capital, a Nigeria-based private equity firm, has acquired a minority stake in South Africa-based, upstream oil and gas business, SacOil Holdings. SacOil looks to acquire and develop near production assets across Africa. SacOil aims to build a balan…

Read more »

CDC announces new US$18.4m commitment to AFIG's Atlantic Coast Regional Fund

06 February 2014

PARTICIPATION IN NEW RIGHTS ISSUE TAKES TOTAL COMMITMENT TO US$33.4mCDC has announced a $18.4m commitment to a new rights issue in the Atlantic Coast Regional Fund (‘ACRF’), taking its overall commitment to the fund to $33.4m. The rights issue will provid…

Read more »

Lereko Metier Capital exits Surgical Innovations to Ascendis Health

30 January 2014

Lereko Metier Capital Growth Fund exits Surgical Innovations to Ascendis HealthLereko Metier partnered the founding entrepreneurs of medical device distributor Surgical Innovations in 2008. Newly Johannesburg Stock Exchange listed healthcare group,  Ascen…

Read more »

Investec Asset Management & The Carlyle Group invests in pan-African logistics company J&J Africa

29 January 2014

Investec Asset Management, in partnership with The Carlyle Group, has agreed to invest in J&J Africa, a pan-African logistics company specialising in the road transportation of general cargo along the Beira corridor, one of Southern Africa’s key trade…

Read more »

Adlevo Capital leads investment in Nigerian mobile phone manufacturer SOLO Phone Nigeria

23 January 2014

ADLEVO CAPITAL LEADS INVESTMENT IN SOLO  Investment in a new end-to-end digital content and mobile device company focused on emerging markets   Transaction will catalyse SOLO’s strong growth in Nigeria and beyond LAGOS, NIGERIA &…

Read more »

CDC Group & IFC invest $32m in Kenyan real estate development Garden City

23 January 2014

CDC Group plc and IFC, a member of the World Bank Group, have announced an investment of US$32m in Garden City, a new mixed-use real estate development in Nairobi, Kenya. The project, led by Actis, has been awarded Vision 2030 Partner Status by the Govern…

Read more »

XSML invests in Congolese cuisine Inzia

23 January 2014

Kinshasa, Democratic Republic of Congo, 23 January 2014Today, XSML, the fund manager active in Central Africa, announced its investment in Inzia, a Kinshasa based restaurant providing traditional Congolese cuisine. Inzia was established in the 1970s and h…

Read more »

Pearl Capital Partners invests US$1.5m in fresh produce exporters KK Foods

23 January 2014

  Pearl Capital Partners invests US$ 1,500,000 in KK Fresh Produce Exporters Limited (“KK Foods”)Pearl Capital Partners has made its fifth investment through the African Agricultural Capital Fund. The fund, which is now two years into its investment ph…

Read more »

Standard Chartered Private Equity acquires 13% of leading Southern Africa grocery retailer Choppies Enterprises Limited

14 January 2014

Standard Chartered Private Equity (“SCPE”), the investing arm of Standard Chartered Bank, announced that it has acquired 13% of Choppies Enterprises Limited (“Choppies”), a leading Southern African grocery retailer. This transaction is believed to be the …

Read more »

ECP exits Société d’Articles Hygiéniques (SAH) via IPO on Tunis Stock Exchange

09 January 2014

ECP exits SAH as absorbent hygiene products manufacturer starts trading after successful IPOLargest listing since creation of the Tunis Stock Exchange also marks the first exit of a financial investor through the TSEEmerging Capital Partners (ECP) today a…

Read more »

@Injaro invests in Gold Coast Fruits Limited, Ghanaian pineapple exporter based in Accra https://t.co/NOpfBEJoQG #AVCAMemberNews #AfricaPE

Helios acquires majority stake of 60% in Telkom Kenya https://t.co/zUaCNZr5ot #AVCAMemberNews #AfricaPE

Helios completes sale of HTN Towers to IHS https://t.co/MRuWm7vGR7 #AVCAMemberNews #AfricaPE

Join our organisation! AVCA has an opening for a Senior Manager, Research. For details on the role and how to apply https://t.co/FXtD7aOkre

RT @templars_law: A great time @ the @AVCA_Africa PE conf. in Ethiopia, co-chaired by #Templars partner. Read:https://t.co/1KnPpiw80u https…