Exits

CDC backed Feronia Inc sells stake in PHC

20 July 2020

Today it was announced that Feronia Inc, the Canadian stock market listed agribusiness in which CDC has a 41 per cent stake, had agreed to sell its equity interest in Plantations et Huileries du Congo (“PHC”) to KKM, a long-term shareholder in Feronia. PH…

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Actis exits GHL Bank

20 May 2020

Actis, a leading investor of private capital into global emerging markets, announced today that it has exited its majority stake in GHL Bank, a full-scale commercial bank in Ghana, to First National Bank Ghana, a 100% subsidiary of FirstRand Group. Actis …

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African Infrastructure Investment Managers (AIIM) completes the exit of its flagship pan-African infrastructure fund’s (AIIF2) interests in South African renewable energy projects

05 May 2020

African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private equity fund managers, announces the successful divestment of AIIF2’s 14% stake in Cookhouse, a 139MW wind farm, and 34% stake in…

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CNBC Africa interviews AVCA’s Head of Research and Training

11 March 2020

CNBC Africa discusses the findings of our new African Private Equity Industry Survey with Enitan Obasanjo, AVCA’s Head of Research and Training. Watch it here

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Agri-Vie exits stake in Intelichem

20 February 2020

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 InteliChem, a leading provider of crop protection solutions, specialised plant nutrition…

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AfricInvest Exits Polymedic to NBK Capital Partners

06 January 2020

AfricInvest, a leading pan-African private equity platform, is pleased to announce that its Maghreb Private Equity Fund III (MPEF III) has exited from its investment in Polymedic, a leading generics manufacturing company headquartered in Casablanca, Moroc…

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CDC concludes its pioneering six decade long partnership with DFCU bank

19 December 2019

CDC Group, the UK’s development finance institution, has today announced its decision to sell its remaining 9.97% stake in DFCU Limited (“DFCU”). The shareholding is being sold to IFU, the Danish development finance institution. CDC made its first inves…

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Oikocredit exits its investment in Zambian fish farm Yalelo

10 December 2019

Social impact investor Oikocredit has supported Yalelo since 2014 as it became Africa’s largest sustainable aquaculture company. Dutch headquartered social impact investor Oikocredit has exited its investment in Zambian fish farm, Yalelo Limited. Oikoc…

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ECP announces signing of agreement to partially sell Oragroup

21 November 2019

The Pan-African investment fund Emerging Capital Partners (ECP) announces the signing of an agreement to partially sell its shares in Oragroup to the Social Welfare Institute – General State Pension Fund (IPS-CGRAE) of Ivory Coast, which would become, aft…

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Visa acquire miniority stake in Helios portfolio company, Interswitch

12 November 2019

Interswitch, a leading technology-driven company focused on the digitization of payments in Nigeria and other countries in Africa, and Visa Inc., the world leader in digital payments, today announced a strategic partnership that will further advance the d…

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Agri-Vie Sells Stake in SA Abalone Farming Company

04 November 2019

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 well-established abalone farming companies, HIK Abalone Farm …

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Agie-Vie sells stake in SA Abalone Farming Company

04 November 2019

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 well-established abalone farming companies, HIK Abalone Farm …

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Adiwale Partners holds the first closing of Adiwale Fund I at EUR50mn

23 October 2019

Adiwale Partners, the private equity firm focusing on growth capital investments for SMEs in French-speaking West Africa, has announced the first closing of its first fund, Adiwale Fund I, LP at EUR50mn. The fund has attracted investors from Africa, Europ…

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Helios exits investment in Eland Oil & Gas for GBP£382mn to Selphat Petroleum

15 October 2019

RECOMMENDED CASH ACQUISITION of Eland Oil & Gas PLC ("Eland") by Seplat Petroleum Development Company Plc ("Seplat") to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 Summary and Highlights ● …

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African Capital Alliance Announces the Sale of Cornerstone Tower

11 October 2019

African Capital Alliance (“ACA”) today announced the sale of Cornerstone Tower, an A-grade office building in Lagos, to Everty, a strategic investor that focuses on acquisition and development of prime real estate around the world. ACA’s pioneer Real Esta…

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Verod Capital Exits UTL Trust Management Services Limited

09 October 2019

Verod Capital Management Limited (Verod) is pleased to announce, via its sophomore fund, Verod Capital Growth Fund II LP (Fund II), that it has completed an agreement and received regulatory approvals to fully exit its ownership of UTL Trust Management Se…

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Centum Concludes a Successful Exit of Almasi Beverages Limited and Nairobi Bottlers Limited

03 October 2019

Centum Investment Company PLC (“Centum”) announces that it has completed the sale of its 53.9% shareholding in Almasi Beverages Limited (“ABL”) and 27.6% shareholding in Nairobi Bottlers Limited (“NBL”) to Coca-Cola Sabco East Africa Limited (“CCSEA”), a …

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Amethis sells its minority stake in the Compagnie de Distribution de Côte d’Ivoire (CDCI) to the Moroccan Group Retail Holding

30 September 2019

Amethis is pleased to announce the sale of its minority stake in Compagnie de Distribution de Côte d'Ivoire (CDCI) to Groupe Retail Holding, a Moroccan group that holds several modern distribution franchises in Morocco. Acquired in 2002 by the Ivorian-Le…

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Adenia Partners concludes investment in Quick Mart, and embarks on merger to establish leading supermarket retailer in Kenya.

27 September 2019

Adenia Partners, a private equity firm investing in Sub-Saharan Africa, announces that it has completed a majority investment in Quick Mart Limited on 19 September 2019. The transaction has been structured through Adenia Capital (IV), a  EURO230mn fund. …

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Flourish Ventures leds £10mn Series Funding Round of Digital Banking Startup FairMoney

16 September 2019

FairMoney, a Paris-based fintech startup, has closed a $10 million-euro Series A round of investment led by Flourish, a venture of The Omidyar Group, the partners of DST Global, and existing seed investors Newfund, Speedinvest, and Le Studio VC. Launched …

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Helios Investment Partners partially exits Fawry through an IPO on the Egyptian Stock Exchange

08 August 2019

Helios Investment Partners (“Helios”) announces its partial exit from Fawry for Banking and Payment Technology Service (“Fawry”), the leading electronic payments platform in Egypt. This partial exit was achieved through a heavily oversubscribed initial pu…

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Verod Capital Announces an Interim Close of Verod Capital Growth Fund III LP

30 July 2019

Verod Capital Management (Verod) is pleased to announce an interim close of Verod Capital Growth Fund III LP (Verod Fund III) at US$150mn, exceeding the size of its predecessor fund, Verod Capital Growth Fund II LP (Verod Fund II).  Verod Fund III is supp…

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AIIM's AIIF3 pan-African Infrastructure Fund Closes at US$320mn | AVCA

25 July 2019

AIIF3 targets significant influence investments across the power, transport and midstream energy sectors in Sub-Saharan Africa - areas with the biggest disconnect between demand for critical infrastructure and supply of available capital. The Fund focu…

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EXEO Capital's Agri-Vie Fund II Closes at US$146mn

27 June 2019

Pan - African private equity manager, EXEO Capital, has announced the final close of their second food and agribusiness fund, Agri-Vie Fund II, at US$146mn – showing growth of nearly 50% on the size of the first fund. Herman Marais, the Managing Partner …

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Amethis to sale its participation in the Dislog Group

25 June 2019

Amethis announces the sale of its participation in the Dislog Group. The transaction allows Mouncef Belkhayat founder and majority shareholder to regain a controlling equity stake in the company in provision of a new investment cycle. Founded in 2004 by …

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Final Close of Climate Investor One's Stitching Development Fund and Coöperatief Construction Equity Fund U.A. at a Combined US$850mn

21 June 2019

Coöperatief Climate Fund Managers U.A. (CFM) is proud to announce the final close of Climate Investor One’s Stichting Development Fund and Coöperatief Construction Equity Fund U.A. at a combined US$ 850 mn. Climate Investor One, with an emerging markets …

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TPG Growth Closes Transaction to Take Over the Abraaj Group’s Growth Markets Health Fund

20 June 2019

TPG has closed on a previously announced transaction to take over management of the existing assets of the Growth Markets Health Fund. The fund will be named The Evercare Health Fund and will be managed by TPG Growth, the middle market and growth equity i…

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EUR375mn Amethis Fund II Final Close Exceeds Target | AVCA

17 June 2019

Amethis, the investment fund manager dedicated to long-term responsible investments in Africa, is pleased to announce the final close of its second Pan-African fund, Amethis Fund II, which collected EUR 375mn from more than 70 investors in Europe and Afri…

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DPI announces sale of its Investment in Eaton Towers Holdings Limited

30 May 2019

Development Partners International (“DPI”), a leading Pan African private equity firm, is pleased to announce the sale of its funds’ total holdings in Eaton Towers Holdings (“Eaton Towers”) to American Tower Corporation (NYSE: AMT) (“ATC”). Eaton Towers o…

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Verod Capital Exits Rotoprint Limited

14 May 2019

Verod Capital Management Limited (Verod) is pleased to announce that it has completed a full exit of its ownership of Rotoprint Limited (Rotoprint), a flexible packaging company based in Nigeria. Rotoprint is a leading vertically integrated supplier of f…

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Mediterrania Capital Partners sells significant stake in Cash Plus

02 May 2019

Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, is pleased to announce the sale of a significant stake in Cash Plus, the largest independent money transfer company in M…

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Adenia Partners sells leading dairy company in Madagascar

26 April 2019

Adenia Partners, a private equity fund manager focused on control investments in Sub-Saharan Africa, has exited its investment in Socolait, the leading dairy producer and distributor in Madagascar. Adenia Partners, through Adenia Capital (II) and Adenia C…

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AfricInvest’s permanent vehicle FIVE achieves its fourth close bringing AfDB as investor

26 April 2019

AfricInvest, a leading pan-African private equity firm, today announced the fourth close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE aims to improve access to financial services for the g…

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DLA Piper Advises Phatisa on Meridian Exit

23 April 2019

DLA Piper has advised Phatisa, a leading African development and private equity fund manager, and other minority shareholders, on the sale of a controlling shareholding in Meridian Group (Meridian) to Ma’aden, the Saudi Arabian based mining and metals com…

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Oando PLC Announces Divestment of its Residual 25% Interest in Axxela Limited to Helios Investment Partners

04 April 2019

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, today announced that it has divested its residual 25% interest in Axxela Limited (held through Glove…

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Amethis announces an intermediary closing of Amethis Fund II at EUR 305mn, above its original target

04 February 2019

Amethis, the investment fund manager dedicated to long-term responsible investments in Africa, is pleased to announce an intermediary closing of its second Pan-African fund, Amethis Fund II, which collected EUR 305mn from a broad range of investors in Eur…

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Partech announces the final closing of its Partech Africa fund above hard cap at EUR125mn

31 January 2019

Partech announces the final closing of its Partech Africa fund at €125 M ($143 M) above its hard cap and establishes East Africa presence. The Partech Africa Fund achieves a final closing at €125M, more than double the size of its first closing a year …

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CrossBoundary Mini-Grid Facility Announces First Close with The Rockefeller Foundation and Ceniarth

23 January 2019

Groundbreaking facility unlocking private capital for mini-grids in Africa, providing gridquality power to rural households and businesses First close on initial US$16m facility to provide power to 170,000 people Project finance solution key to unlo…

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CardinalStone Capital Advisers achieves first close at US$50mn

16 January 2019

Lagos, Nigeria: CardinalStone Capital Advisers (CCA), an investment adviser based in Lagos, Nigeria, has recently achieved a US$50mn first close of its private equity fund, CardinalStone Capital Advisers Growth Fund LP (CCAGF or the Fund). Anchor investor…

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AfricInvest’s FIVE achieves its third close bringing KfW as investor

15 January 2019

AfricInvest, a leading pan-African private equity firm, today announced the third close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE aims to improve access to financial services for the gr…

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PCM Capital Partners exits its investment in leading Ivorian oil and gas player

08 January 2019

PCM Capital Partners (“PCP”), managers of the West Africa Emerging Growth Fund (“WAEMGF”) are pleased to announce the Fund’s exit from its investment in Petro Ivoire, a leading player in the downstream oil and gas sector in Cote d’Ivoire. This exit, the f…

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100MW Kipeto wind power project reaches closes, following Actis acquisition

18 December 2018

Kipeto project will be second largest wind power project in Kenya The project will supply 100MW of clean energy to the national grid as a significant contribution to Kenya’s Vision 2030 and Big Four Agenda With support from USAID Power Africa, the pro…

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AfricInvest Announces Maghreb Private Equity Fund IV Final Close

05 December 2018

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the final close of its North African Fund, Maghreb Private Equity IV (“MPEF IV”). The African Development Bank joined the third and final investment round, comm…

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Vantage Capital supports Amethis and West Africa Emerging Markets Growth Fund exit from Petro Ivoire

03 December 2018

Abidjan, Cote d’Ivoire - Amethis, Vantage Capital and West Africa Emerging markets Growth Fund (WAEMGF) are pleased to announce the sale of Amethis and WAEMGF participations in Petro Ivoire through a Leveraged Management Buy Out, one of the first of that …

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Capria's Second Fund reaches Initial Close: Addressing the Global US$1trn Missing Investment Opportunity

15 November 2018

Vulcan Capital, Ford Foundation, and Omidyar Network invest in Capria’s new $100M “network fund” to gain exposure to resilient early-growth businesses in emerging markets; Capria makes first fund commitments to Adobe Capital and Fen Ventures as network-wi…

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ECP raises over US$640mn and closes fourth Pan-African Fund

15 November 2018

The largest private equity fund for African investment since September 2016, ECP Africa Fund IV attracted a broad range of public and corporate investors based in Africa, Europe, and North America. Washington, DC, November 15, 2018 — ECP announces the fi…

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AfricInvest announces MPEF IV second close

17 October 2018

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the second closing of its North African Fund, Maghreb Private Equity IV (“MPEF IV”). OeEB, the Development Bank of Austria and a prominent South African fund o…

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Amethis has fully exited its shareholding in Morocco-based agriculture company Compagnie Marocaine de Goutte à goutte et de Pompage (CMGP) to Development Partners International (DPI)

05 October 2018

Casablanca, September 2018: Amethis is pleased to announce the successful sale of its participation in Compagnie Marocaine de Goutte à goutte et de Pompage (CMGP) to Development Partners International (DPI). Created in 1995, CMGP is a pioneer and leader …

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AfricInvest’s FIVE achieves its second close bringing Norfund, IFU and CBK Pension Fund as investors

04 October 2018

AfricInvest, a leading pan-African private equity firm, today announced the second close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE aims to improve access to financial services for the g…

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AfricInvest Exits Kiboko Holdings Ltd

20 September 2018

AfricInvest is pleased to announce that AfricInvest Fund II (AF II) has exited from its investment in Kiboko Holdings Limited (KHL), a Mauritius-based company with diverse interests across the East African region in a variety of sectors including FMCG, ph…

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Oasis Capital Ghana Limited closes Oasis Africa venture capital fund

14 May 2018

Accra, Ghana - May 14th 2018 - Oasis Capital Ghana, a West African private equity fund manager, announces the final closing of its second fund, the Oasis Africa VC Fund (“Fund II”), at US$50.5mn at 31st December 2017. The fund will invest in Small and Med…

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Helios portfolio company, Vivo Energy, announces offer price to list on London and Johannesburg Stock Exchanges

09 May 2018

Vivo Energy (“Vivo”) is a leading retailer and marketer of Shell-branded fuels and lubricants in Africa. It was created in 2011 when Helios Investment Partners (“Helios”), in partnership with Vitol Group, purchased the downstream fuels business of Royal D…

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TLcom Capital leads US$5mn financing round in Terragon to scale data and marketing technology platform for Africa

26 March 2018

Terragon, a leading mobile marketing company in Africa, said on Thursday it has closed a US$5mn funding round led by Africa-focused venture capital firm TLcom Capital, with participation from other investors.  The company announced the funding will be u…

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Centum attracts new shareholder in Kuramo Capital

21 March 2018

GenAfrica Asset Managers Limited (“GenAfrica”, or the “Company”) and Centum Investment Company PLC (“Centum”) are pleased to announce a new partnership with Kuramo Capital Management, LLC (“Kuramo”), that will result in Kuramo acquiring a majority stake i…

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Centum completes sale of its stake in Platcorp Holdings Limited

21 March 2018

Centum Investment Company Plc (“Centum”) is pleased to announce the completion of sale of its 25% stake in Platcorp Holdings Limited (“Platcorp”) to Suzerain Investment Holdings Limited, a consortium of Platcorp’s management team (“Management”) and an exi…

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Wendel sells its participation in Saham Group

08 March 2018

Wendel announces today the disposal of its stake in Saham Group’s holding for US$155mn (c. EUR125mn). The transaction is concomitant with an agreement signed on March 7th, 2018 whereby Saham Group sells its insurance division (Saham Finances) to Sanlam, a…

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LeapFrog successfully builds and exits Ghana's top pension provider

27 February 2018

LeapFrog Investments, the dedicated equity investor in financial services and healthcare for emerging consumers, has successfully exited its holding in Petra Trust, the largest independent pensions trustee in Ghana, to Capital Alliance Private Equity IV L…

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Actis sells stake in Mentor Management Limited, Kenya

06 February 2018

Actis today announced that it has agreed to sell its 79.5% majority stake in Mentor Management Limited (MML) a Kenyan project management company, to Turner & Townsend, a global construction and management consultant. The management team of MML will re…

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Cepheus announces first close of its maiden fund

01 February 2018

Cepheus Growth Capital Partners (Cepheus), a private equity firm, is pleased to announce it has successfully reached its first close at US$51mn of its Cepheus Growth Capital Fund (Fund). The Fund received strong support from three Development Finance Inst…

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AfricInvest, FMO conclude the first close of evergreen investment fund, FIVE

20 December 2017

AfricInvest, a leading pan-African private equity firm, today announced the first close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE expects to meaningfully contribute to improved access t…

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LeapFrog sells its stake in insurance platform, BIMA

19 December 2017

LeapFrog Investments, the dedicated investor in financial services and healthcare for emerging consumers, has sold a major stake in BIMA to Allianz X – the digital investment unit of the global insurer and asset manager, Allianz Group – as part of a $96.6…

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AfricInvest announces first close of Maghreb Private Equity Fund IV

30 November 2017

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the first closing of its North African Fund (MPEF IV). The fund has received capital commitments of EUR137mn from prestigious finance institutions, and expects …

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Mediterrania Capital Partners announces first close of Mediterrania Capital III

28 November 2017

Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan countries, announces the first closing of its third capital growth fund, Mediterrania Capital III LP, at EUR103mn. Mediterrania…

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Metier sells stake in AE AMD

28 November 2017

Metier leads the sale of its investment in AE AMD (including two operational photovoltaic power plants totalling 30MW in the Northern Cape of South Africa) from its clean energy and resource efficiency fund, Lereko Metier Sustainable Capital (LMSC). Meti…

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Investec sells stake in Ashwah Holdings, parent company of Nigeria’s Daraju Industries

21 November 2017

Investec Asset Management Private Equity (Investec) has divested its equity holding in Ashwah Holdings (Ashwah), parent company of Daraju Industries (Daraju), by selling its significant minority stake back to the company.    Daraju is a leading Nigerian…

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CDG Capital exits Jet Contractors through Casablanca Stock Exchange sale

01 November 2017

With an investment return of 3.3x, CDG Capital Private Equity has announced its total exit from Jet Contractors through a sale on the Casablanca Stock Exchange. “CDG Capital Private Equity has contributed to the organic and structural development of Jet …

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Investec completes buy-out of Botswana-based retailer

25 October 2017

Investec Asset Management, through its Africa Private Equity capability, in a consortium with RMB Ventures, local partners, and senior management have completed a buy-out of Kamoso, a Botswana-based retailer and consumer goods company. The transaction is …

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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…

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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…

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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…

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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…

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TLcom reaches first close for VC Fund at US$40mn

26 June 2017

TLcom Capital, the VC fund started in London two decades ago with over US$300mn under management and tech investments spanning Europe, Israel and the US, today announced that commitments to the TIDE  Africa Fund have hit US$40mn. TIDE Africa is the first…

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Sahel Capital closes FAFIN at US$65.9mn

19 June 2017

Sahel Capital, fund manager for the Fund for Agricultural Finance in Nigeria (FAFIN), is pleased to announce the successful US$65.9mn final close of its debut fund. As part of this close, the African Development Bank, CDC Group, and the Dutch Good Growth …

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Adenia successfully closes fourth fund at EUR230mn

26 May 2017

Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, is pleased to announce the final closing of Adenia Capital (IV). After being significantly oversubscribed, the fund closed at i…

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XSML Capital announces final close of African Rivers Fund at US$50mn

15 May 2017

Today, XSML, the fund manager active in Central & East Africa, announced its final close of the African Rivers Fund at US$50mn. The African Rivers Fund is XSML’s second fund under management, after its maiden fund the Central Africa SME Fund (CASF), b…

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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…

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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 …

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Synergy Capital Managers invests in Northstar

11 April 2017

Synergy Private Equity Fund (SPEF) is pleased to announce the completion of its investment in Northstar Finance Services Limited (Northstar), a financial services platform providing solutions across the financial service value chain in select countries ac…

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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…

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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,…

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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…

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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…

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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…

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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…

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EXEO Capital’s Agri-Vie Fund II reaches first close

01 February 2017

EXEO Capital, the pan-African private equity investment firm, has announced the first close of the second Agri-Vie Fund (Agri-Vie Fund II), focused on the food and agribusiness sector in Sub-Saharan Africa, after attracting commitments of over US$100mn – …

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Pearl Capital Partners reaches first close for Uganda fund

25 January 2017

The European Union (EU), the International Fund for Agricultural Development (IFAD) and the National Social Security Fund (NSSF) are working together to catalyse investment in the agriculture value chain with the launch today of the Yield Uganda Investmen…

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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…

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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…

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Adenia Partners launches fourth fund and holds first close

10 November 2016

Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, has launched Adenia Capital (IV), its fourth follow-on fund vehicle, securing EUR180mn of LP commitments in a first closing thi…

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Capria Accelerator Fund closes at US$5.2mn

02 November 2016

Capria, a global impact investment firm focused on the “missing middle” finance opportunity by advancing the next generation of impact fund managers in emerging markets, today announced that the Capria Accelerator Fund has reached its final close at US$5.…

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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…

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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 …

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Musa Group launches Namibia Mid-Cap Fund and holds first close

14 October 2016

Musa Capital Namibia, an affiliate of the South African-based company, Musa Group (Pty) Ltd, recently held the first close of its Namibia Mid-Cap Fund.  The Fund was launched with capital from the Government Institutions Pension Fund (GIPF), and is Musa G…

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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…

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Oasis Capital achieves first close at US$27mn

22 September 2016

Oasis Capital Ghana has completed the first close of its second fund, Oasis Africa VC Fund (OAF) at US$27mn. The Fund, anchored by the Dutch Good Growth Fund (DGGF) at US$5mn, has secured commitments of US$7mn from the International Finance Corporation (I…

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ACA closes US$570mn private equity fund

06 September 2016

African Capital Alliance (ACA) today announced that it has raised a total of approximately US$570mn of committed capital for its fourth private equity fund, Capital Alliance Private Equity IV Limited ("CAPE IV" or the "Fund"). As a result, ACA has become …

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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. …

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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…

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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…

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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…

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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…

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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 …

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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 …

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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 …

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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 …

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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…

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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…

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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…

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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 …

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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…

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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 …

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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, …

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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’), …

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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…

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Helios Investment Partners closes US$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, …

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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…

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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…

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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…

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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 …

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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 …

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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…

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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 …

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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…

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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…

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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 …

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Helios Investment Partners announces US$355mn 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…

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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…

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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…

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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…

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AVCA Member News: Helios backs Africa Specialty Risk Group Read more: https://t.co/HUnj55qqHQ

Industry event: CAMA and the Private Equity Industry PEVCA and ǼLEX are jointly organising a Webinar on Thursday,… https://t.co/V14xzt1hXE

AVCA Member News: FMO - Dutch entrepreneurial development bank backs third-generation fund Read more: https://t.co/OH2MlmD6Pr

Last chance to register for the AVCA 2020 Focus Webinar on Portfolio Management: Value creation during uncertain ti… https://t.co/ApAqmhRL9u

[Weekend Read] We speak with Rajaa Berrkia, Director of Sustainability at Mediterrania Capital Partners, to learn m… https://t.co/zbH597Wi4Q