Exits

DOB Equity sells shares in Joseph Initiative

12 September 2017

Agilis Partners acquires majority stake in The Joseph Initiative, a leading grain management and merchandising company in Uganda Management Buy Out is one of the first in Uganda New capital structure will enhance the company’s growth prospects in a se…

Read more »

Convergence Partners exits Dimension Data

27 July 2017

Convergence Partners Investments (Convergence Partners) - an investment firm focused on the TMT sector in Africa - has exited its investment in specialist IT services and solutions company, Dimension Data Middle East & Africa (DiData). Convergence Pa…

Read more »

Emerging Capital Partners exits Java House Group

07 July 2017

Pan-African private equity firm Emerging Capital Partners (ECP) has announced that it has entered a definitive agreement to sell its 90% share ownership of the Java House Group, East Africa’s leading casual dining chain, to The Abraaj Group. Java House G…

Read more »

EXEO Capital exits from Fairfield Dairy

03 July 2017

Agri-Vie Fund I, the Africa Food and Agribusiness Investment Fund managed by the pan-African private equity investment firm, EXEO Capital, has announced its exit from one of South Africa’s most respected value-added dairy companies, Fairfield Dairy, con…

Read more »

African PE Exits Hit Record High in 2016

02 May 2017

Tuesday, 2nd May 2017, London: The number of exits achieved by PE firms in Africa is trending upwards, evidenced by a record number of exits in 2016. According to the EY and African Private Equity and Venture Capital Association’s (AVCA) fifth annual stud…

Read more »

Investec exits from SA Taxi

25 April 2017

Investec Asset Management (IAM) has successfully completed an exit from its mezzanine investment in SA Taxi, the first financial services provider to focus solely on the taxi industry in South Africa. IAM invested in March 2011 through its first African …

Read more »

AfricInvest exits SJL

10 April 2017

AfricInvest, a leading pan-African SME-focused private equity firm with more than US$1bn under management, and Mediterrania Capital Partners (MCP), a regional private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan count…

Read more »

Mediterrania Capital Partners exits Grupo San Jose & Lopez

10 April 2017

Mediterrania Capital Partners, a regional private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, and AfricInvest, a leading pan- African SME-focused private equity firm with more than US$1bn under management,…

Read more »

Actis exits Edita Food Industries

07 April 2017

Actis, a leading growth markets investor, has announced the sale of its remaining 7.5% stake in Edita Food Industries (Edita) to 42 blue-chip international investors from the USA, UK, Germany, South Africa, and the UAE through an accelerated book build on…

Read more »

Private Equity in Africa steps up a gear in 2016

28 February 2017

Tuesday, 28th February 2017, London: Private equity investment in Africa continues to go from strength to strength, evidenced by a new report from the African Private Equity and Venture Capital Association (AVCA). AVCA’s 2016 Annual African Private Equity…

Read more »

Injaro sells stake in Burkina Faso seed producer

16 February 2017

Injaro Investments, the manager of the agricultural impact fund IACHL, announces the sale of its 30% stake in seed producer NAFASO SA to the founders and other shareholders. This share sale represents a full exit from Nafaso after a holding period of just…

Read more »

DPI exits from Ghanaian Bank

10 February 2017

Development Partners International (DPI), a leading Africa-focused private equity firm with US$1.1bn in assets under management, is pleased to announce that its African Development Partners I (ADP I) Fund has successfully sold its 27.7% shareholding in CA…

Read more »

Actis sells stake in Umeme

16 January 2017

Actis, a leading growth markets investor, today announced a full exit of its remaining 14.3% stake in Uganda’s principal electricity distribution and supply business, Umeme Ltd, via the Ugandan and Kenyan capital markets. Actis originally invested in Ume…

Read more »

Catalyst Principal Partners exits GoodLife Pharmacy

23 November 2016

East Africa focused private equity firm Catalyst Principal Partners (Catalyst) has announced its exit from pharmaceutical retailer Goodlife Pharmacy where it held a controlling stake. Catalyst sold its stake to LeapFrog Investments, a private equity inves…

Read more »

AfricInvest exits Tunisian seeds firm

01 November 2016

AfricInvest, one of the key Pan-African midcap private equity firms, is pleased to announce that its Maghreb Private Equity Fund II (MPEF II) has successfully sold its 20.06% stake in the Group Cotugrain Hortimag (Cotugrain Hortimag) to a consortium compo…

Read more »

Cauris Management makes two exits

21 October 2016

Cauris Management, first private equity fund manager in Francophone West Africa, sold its shares in Atlantic Business International (ABI). Common holding between the Moroccan group Banque Centrale Populaire (BCP) and the Ivorian Atlantic Financial Group …

Read more »

AfricInvest exits Algerian packaging firm

29 September 2016

AfricInvest, one of the key Pan-African midcap private equity firms, is pleased to announce that its Maghreb Private Equity Fund II (MPEF II) has successfully concluded its exit from Général Emballage (GE) a leader in the manufacturing and processing of c…

Read more »

AIIM concludes successful SAIF sale

05 July 2016

African Infrastructure Investment Managers (AIIM) has announced the successful sale of investments in three privately-concessioned toll roads in Southern Africa. Acting as the manager of the South Africa Infrastructure Fund (SAIF), AIIM successfully concl…

Read more »

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 »

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 »

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 »

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 »

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 »

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 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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 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 »

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 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 »

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 »

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 »

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 »

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 »

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 »

RT @tracyhan59: @PMNdiaye speaking at the Investing in Africa Forum, focusing on China-Africa: regulatory framework, predictable monetary p…

RT @Abi_Mustapha: Looking forward to connecting with @AVCA_Africa friends this Thursday, at the Lagos Motor Boat Club! https://t.co/87Ht9Ir

#AfriSpective Thursday: Nigeria’s FX Window - Boosting investors’ renewed confidence? - @uubolaw #AVCABlog |… https://t.co/YfAPE5hvmo

RT @abraajgroup: Future of sustainable development? Watch Arif Naqvi, @PaulPolman, @AnandMahindra & global CEOs discuss #BloombergGBF https…

RT @EAVCA: EAVCA Training | Exits Preparation Workshop | 3 Oct | Nairobi ... #Exits #Tech #AfricaTech #VentureCapital #PrivateEquity https…