Private Equity

AfricInvest partners with I&M Bank (Rwanda) Plc

17 March 2020

AfricInvest, a leading Pan-African private equity platform, is pleased to announce that its AfricInvest Financial Inclusion Vehicle (FIVE) has acquired a minority shareholding in I&M Bank (Rwanda) Plc (the Bank) through AfricInvest Evergreen Investmen…

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The African Development Bank enters the capital of the investment fund Yeelen Financial Fund LP

12 March 2020

The Board of Directors of the African Development Bank approved, Thursday, March 11 in Abidjan, a stake of EUR12mn in the capital of the Yeelen fund dedicated to the financial sector. Yeelen Financial Fund LP is a 12-year investment fund domiciled in Mau…

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ECP announces portfolio company Eranove signs EUR303mn financial agreement

11 March 2020

Emerging Capital Partners (ECP) announces that portfolio company Eranove has signed a financing agreement for a 390 MW combined cycle power plant in Côte d’Ivoire. Eranove, the Pan-African utilities group, signed the EUR303mn financing agreement with Inte…

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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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Verod backed Tangerine acquires ARM Life Plc

02 March 2020

Tangerine Life Insurance Limited (“Tangerine Life”), supported by leading West-African private equity firm Verod Capital Management Limited  (“Verod”), today announced its acquisition of a majority stake in ARM Life Insurance Plc (“ARM Life”). The acquisi…

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Mediterrania Capital Partners appoints Rajaa Berrkia as Director of Sustainability

27 February 2020

Mediterrania Capital Partners appoints Rajaa Berrkia as Director of Sustainability  Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa announces the appoin…

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Mediterrania Capital Partners’ portfolio EBITDA grows 25% YOY

24 February 2020

Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces that its portfolio companies managed by MC II and MC III funds achieved 25% EBITDA year-on-year …

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Ascent acquires leading manufacturer of construction materials

17 February 2020

Metro Plastics Kenya has 36 years’ experience in fittings and pipes manufacturing Ascent has previously invested in Auto Springs East Africa based in Limuru and Kisumu Concrete Products a leading Western Kenya-based concrete products maker Ascent Ri…

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UK’s impact investor invests to support entrepreneurs in North Africa

20 January 2020

CDC Group plc (“CDC”), the UK’s development finance institution and impact investor, has announced a EUR25mn commitment to Mediterrania Capital Partners III (MCP III), a generalist fund primarily targeting investments in North Africa. North Africa is hom…

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AIIM invests in Nigerian gas assets, Accugas and Seven Uquo Gas Limited

16 January 2020

African Infrastructure Investment Managers (AIIM) has acquired minority interests in gas assets in Nigeria majority-owned by Savannah Petroleum Plc. This comprises a 20% stake in  Seven Uquo Gas Limited, the entity that holds a 40% participating interest …

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Proparco commits US$10mn into Metier Sustainable Capital International Fund II

15 January 2020

Through a US$10mn commitment to Metier Sustainable Capital International Fund II, Proparco will continue its support of renewable energy, resource efficiency and energy efficiency projects in Africa. South Africa-based investment manager Meti…

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AfricInvest Partners with Masria Digital Payments

14 January 2020

AfricInvest, a leading Pan-African private equity platform, is pleased to announce its new partnership with Masria Digital Payment (“MDP” or “the Company”) through its Maghreb Private Equity Fund IV. Established in 2003 as Masria Card S.A.E, MDP is the l…

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B-Corp status for leading pan-African PE firm Helios Investment Partners

13 January 2020

Helios Investment Partners becomes the largest emerging markets-focused PE firm globally to receive B Corp certification B Corp status recognizes the firm’s long-standing commitment to sustainability and responsible business practices The B Corp cer…

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African Development Bank approves US$20mn investment into Metier Sustainable Capital International Fund II

07 January 2020

The Board of Directors of the African Development Bank has approved a US$20mn investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Af…

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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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Metier Sustainable Capital Fund II (MSC II) first closing at US$113mn

16 December 2019

Metier has received US$113mn in commitments and has called the first close of its second Sustainable Capital Fund, MSC II. The fund will strengthen renewable energy, energy efficiency, water and waste management investments in sub-Saharan Africa. “MSC II…

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Lighting up Madagascar

11 December 2019

Norfund has closed an investment agreement with the mini-grid company We Light. The aim is to build mini-grids in hundreds of villages in Madagascar, and thereby improve the rural populations access to cheaper and more reliable electricity - at work and…

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DEG invests EUR30mn into AfricaGrow Fund of Funds for African SME and VC funds

27 November 2019

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH is supporting African small and medium-sized enterprises and start-ups to gain access to long-term financing more easily. It has committed EUR30mn to the AfricaGrow fund of funds, managed by Al…

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Mediterrania Capital III invests in Akdital Holding, the biggest private clinic business in Morocco, to support its expansion plans

27 November 2019

Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces its investment in Akdital Holding, which operates five clinics in Greater Casablanca, with the o…

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IFC and Development Partners Make Landmark Health Care Investment in East and Southern Africa

23 November 2019

IFC, a member of the World Bank Group, and IFHA-II Coöperatief U.A., a private equity fund focused on health care in Sub-Saharan Africa, today launched a $115 million holding company to acquire and integrate targeted health care service businesses in East…

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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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First female PE fund stars at Africa Investment Forum

12 November 2019

4 Years, 3 Continents, 2 Women, 1 Plan   The first female-led African private equity fund took centre stage at the African Investment Forum, when the President of the African Development Bank (AfDB) Akinwumi Adesina said “Alitheia IDF last year here, co…

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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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EIB approves US$25mn equity commitment into Blue Orchard Resilience Fund

16 October 2019

EIB has approved a US$25mn equity commitment into Blue Orchard Resilience Fund.  To read more, please click here.  -END-

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Female founded Aruwa Capital Management launches US$20 million co-investment vehicle for Africa

15 October 2019

Aruwa Capital Management (“Aruwa”), the female-founded and led private equity firm focussed on Nigeria and Ghana, announces the launch of a US$20mn co-investment vehicle (the “Vehicle”). Aruwa‘s mission is to provide patient growth capital to established …

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EIB approves US$50mn investment into DPI's African Development Partners III fund

15 October 2019

The European Investment Bank has approved a US$50mn equity investment into DPI's African Development Partners III fund.  To find out more, please click here.

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Female founded Africa focused private equity co-investment vehicle makes first investment in Nigeria’s pioneer manufacturer of daily personal hygiene products

14 October 2019

Aruwa Capital Management has a focus on gender lens investing Aruwa Capital Management (“Aruwa”), a West Africa focused Private Equity co-investment vehicle, has completed its first investment, in Wemy Industries Limited (the “Company”), Nigeria’s first …

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IFC Partners with CardinalStone to Support Small and Medium Enterprises in Nigeria and Ghana

07 October 2019

IFC, a member of the World Bank Group, is investing US$10mn in CardinalStone Capital Advisers Growth Fund (CCAGF), a private equity fund launched and managed by CardinalStone Capital Advisers (CCA)- an investment management firm, to expand access to finan…

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The Carlyle Group co-launches Boru Energy With Oil Industry Veterans Aidan Heavey and Tom Hickey

01 October 2019

Boru Energy will target acquisitions of up to US$1bn, focussing on oil and gas opportunities across Sub-Saharan Africa Global investment firm, The Carlyle Group (NASDAQ:CG), announced today that it has agreed to partner with Aidan Heavey and Tom Hickey, …

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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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Verod Capital Acquires Insurance Provider Metropolitan Life | AVCA

17 September 2019

Verod Capital Management (Verod), a leading West African private equity firm, has received regulatory approvals for its acquisition of 100% of the shareholding of Metropolitan Life Insurance Nigeria Limited (Metropolitan Life Nigeria, or, the Company), fr…

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Bowmans Expands Into Mauritius And Ethiopia

02 September 2019

Leading African law firm Bowmans has announced that it is expanding into Mauritius and Ethiopia, enabling it to unlock more opportunities for its clients and contacts on the African continent. Robert Legh, chairman and senior partner, says ‘This move, wh…

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Actis Acquires BioTherm Energy Renewable Energy Business | AVCA

01 August 2019

Actis has acquired BioTherm Energy (BioTherm) – a South Africa-based, pan-African renewable energy businesses – from Denham Capital, a global private equity firm. BioTherm consists of a strong Johannesburg-based team and a portfolio of assets in operatio…

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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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DOB Equity expands agri portfolio with investment in leading Kenyan laboratory services company Cropnuts

24 July 2019

Investment into Cropnuts – a leading Kenyan soil & crops testing and agri services company for East Africa Cropnuts will reach over 500,000 farmers by 2023, increasing crop yields and food security across Africa DOB Equity, a leading Dutch famil…

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Mediterrania Capital Partners Invests in Aziza

24 July 2019

Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan Africa, announces the acquisition through its third fund, MC III, of a stake in Aziza, a private Tunisian company operating in …

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AHL Venture Partners leads an equity investment in Kenyan company Crop Nutrition Laboratory Services Limited

17 July 2019

AHL Venture Partners, a leading impact investment firm in East Africa, has today announced, acting as lead investor, an equity investment in a Kenyan company, Crop Nutrition Laboratory Services Limited (“Cropnuts”). The investment is a co-investment with …

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EXEO Capital announces investment in Tanzanian packing manufacturer

16 July 2019

Having sustained an impressive compound annual growth rate (CAGR) of 7% over the past decade, Tanzania now boasts the third-largest economy in East Africa, following Ethiopia and Kenya respectively. According to Avril Stassen, a Senior Partner at EXEO Cap…

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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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Old Mutual Private Equity to invest in Footgear, a leading retailer of branded footwear in South Africa

12 June 2019

Old Mutual Private Equity (OMPE), the direct private equity investing arm of Old Mutual Alternative Investments, today announced the acquisition of a majority interest in Footgear, a leading South African retailer of branded footwear. The transaction was…

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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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DOB Equity invests in East African waste management sector

24 May 2019

Investment in Zanrec Ltd – a leading privately owned waste management company focusing on the hospitality sector on Zanzibar DOB’s first investment in a sector which is in need of long-term capital and innovation along the value chain, with a focus on …

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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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CDG Capital Private Equity invests in Oncorad, a leading operator in oncology in Morocco

22 April 2019

CDG Capital Private Equity, the leading growth equity investor in Morocco invested in Group Oncorad, a private healthcare provider focused on oncology and radiology. Oncorad was founded in 1999 by Pr. Redouane Samlali and Dr. Omar Hajji. Their first cent…

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EIB invests in Africa Industrialization Fund to support growth capital investments

01 April 2019

The European Investment Bank (EIB) has signed a commitment of US$15mn with the SPE Africa Industrialization I Fund (AIF I), a generalist private equity fund targeting primarily growth capital investments in SMEs and mid-market companies mainly in North Af…

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Britam anchors first south-south private equity fund in Africa

27 March 2019

Britam Holdings PLC has approved an anchor investment in Tiserin Capital, Africa’s first south-south private equity fund.  As a result, Britam will become an anchor shareholder in Tiserin Capital Private Equity Fund. This investment by Britam will play a …

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Verod Capital completes investment in Daystar Power in a key milestone for the West African Commercial and Industrial (“C&I”) space

21 March 2019

Anglophone West Africa focussed private equity firm, Verod Capital Management (Verod), announced that it has invested in Daystar Power Group (Daystar), a leader in developing, owning and financing Commercial and Industrial sector hybrid solar generation p…

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CDG Capital Private Equity invests in SCE Chemicals

15 February 2019

CDG Capital Private Equity, the private equity firm focused on growth investments for SMEs in Morocco, announced an investment in SCE Chemicals, a leading company manufacturing specialty chemicals, fertilizers and other chemical inputs for industrial clie…

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African Infrastructure Investment Managers (AIIM) appoints Wanjiku Mugane as Senior Advisor in Kenya

06 February 2019

Cape Town and Nairobi: African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private equity fund managers and a member of Old Mutual Alternative Investments (OMAI), today announces the appoi…

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DPI announces $35m investment into African facilities management business, IFS

05 February 2019

Johannesburg/London - Development Partners International (“DPI”), a leading Pan African private equity firm, is pleased to announce the latest investment of its African Development Partners II fund (“ADP II”) into International Facilities Services (“IFS”)…

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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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Adenia Partners Announces Investment in Tumaini, an Emerging Supermarket Retailer in Kenya

25 January 2019

Port Louis, Mauritius: Adenia Partners, a private equity firm investing in Sub-Saharan Africa, announces that on 5 December 2018, it completed an investment in Tumaini Self Service Limited through a special purpose vehicle, Sokoni Retail Kenya Limited. Th…

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CDG Capital Private Equity invests in Steripharma, a pharmaceutical business in Morocco

25 January 2019

CDG Capital Private Equity, the private equity firm focused on growth investments for SMEs in Morocco, announced an investment in Laboratoires Steripharma (“Steripharma” or “the Company”), a well-established pharmaceutical business in Morocco. CDG Capital…

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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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AIIM Invests in BBOXX Clean Energy Off-grid Solar Systems | AVCA

16 January 2019

The acquisition marks the infrastructure specialist’s expansion into the African off-grid solar market Cape Town and London: African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private eq…

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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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Syntaxis Africa launch ₦12bn Private Equity Fund to Bridge Financing Gap for SMEs in Nigeria

15 January 2019

It is common knowledge that Small and Medium Enterprises (SMEs) play a vital role in the development of any economy. According to the World Bank, SMEs contribute up to 60% of employment opportunities and up to 40% to the national Gross Domestic Product (G…

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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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CDG Capital Private Equity invests in Trarem Afrique, the leading manufacturer and distributor of office furniture in Morocco

02 January 2019

CDG Capital Private Equity, the private equity firm focused on growth investments for SMEs in Morocco, announces the acquisition of a stake in Trarem Afrique SA. (“Trarem”), the leading manufacturer and distributor of office furniture in Morocco. CDG Capi…

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The Carlyle Group invests in Wakanow.com, one of West Africa’s largest online travel agencies

20 December 2018

Lagos, December 20th 2018 – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it has agreed to invest US$40mn in Wakanow.com Limited (Wakanow), an online travel agency focused on West and East Africa, with principal oper…

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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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AfricInvest and Gulf Capital Invest in iSON Xperiences, Sub-Saharan Africa’s Largest customer service and outsourcing provider

26 November 2018

AfricInvest—a leading pan-African mid-cap-focused private equity firm, and Gulf Capital—one of the largest and most active alternative asset management firms in the Middle East, have partnered for the first time to provide a US$51m structured loan and equ…

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AfricInvest invests in Les Centaures Routiers, a leading freight transport and logistics company in West Africa

26 November 2018

AfricInvest, a leading Pan-African mid-cap-focused private equity firm, has invested in Les Centaures Routiers (“LCR”), the largest independent transportation company in Côte d’Ivoire. AfricInvest Fund III, the firm’s third generation Pan-African fund, w…

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CDC appoints Chris Chijiutomi, as the new Head of its Infrastructure Equity Team

01 November 2018

Chris Chijiutomi has been with CDC since 2017 as an Investment Director and replaces Sameh Shenouda who left CDC in September. He will lead the CDC team making equity investments in infrastructure in CDC’s target regions of Africa and South Asia. Before …

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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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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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Development Partners International invests in leading Moroccan Irrigation Systems and Solutions business, CMGP

20 September 2018

Development Partners International (‘DPI’), a leading Pan African private equity firm has made an investment through African Development Partners II (“ADP II”), in Moroccan irrigation systems and solutions business, Compagnie Marocaine de Goutte à goutte …

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African Development Bank approves US$ 15 million Equity Investment to boost SME growth in West Africa

07 September 2018

The Board of Directors of the African Development Bank has approved a US$ 15 million equity investment  in Verod Capital Growth Fund III, a private equity fund that will make investments in high growth middle market companies in Anglophone West Africa inc…

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FMO Participates in USD 16 Million Funding Round for South African Point of Sale Payments Provider Yoco September 6, 2018

06 September 2018

FMO will co-invest USD 1.7 Million alongside Accion Frontier Inclusion Fund, managed by Quona Capital, in South African-based Point of Sale payments Provider Yoco in a joint funding round totaling USD 16 Million. It marks the first direct equity investmen…

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AIIM invests in nine new Independent Power Projects under the SA government’s Renewable Energy Independent Power Producer Procurement programme

20 August 2018

Cape Town, South Africa - African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private equity fund managers and a member of Old Mutual Alternative Investments (OMAI), has acquired through i…

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Kibo Capital Partners invests in Merec Industries Mozambique

27 July 2018

Kibo Capital Partners Limited, through a consortium comprising Amethis and Proparco, today announced its partnership with Merec Industries, one of Mozambique’s leading food manufacturer. The closing marks the acquisition of an equity stake by the consorti…

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Amethis acquires a minority stake in maize and wheat producer Merec Industries

24 July 2018

Amethis, acquired a minority stake in the Merec Industries, leader in the production and distribution of wheat and maize based products in Mozambique. Amethis Fund II, alongside its partners Kibo Fund II and Proparco are pleased to announce their partner…

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CDC Group invested US$50mn in Malindi Solar Group, to build a 52MWp solar photovoltaic power plant in South-East Kenya

12 July 2018

US$50mn from CDC and US$16mn from Globeleq will bring clean power and jobs to Malindi region. Alongside its partner, Globeleq, CDC Group (CDC) has announced a US$66mn debt investment in Malindi Solar Group, to build a 52 MWp solar photovoltaic power plan…

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African Infrastructure Investment Managers (AIIM) announces investment into airport holding company, SEGAP

03 July 2018

Cape Town and London, 03 July 2018:  African Infrastructure Investment Managers (AIIM), Africa’s largest and most experienced infrastructure-focused private equity fund manager and a member of Old Mutual Alternative Investments, today announces its acquis…

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LeapFrog invests in one of Nigeria's largest Pensions Administrators, ARM Pensions

15 June 2018

• ARM Pensions is one of the largest pensions fund administrators in Nigeria, with about US$1.8bn in funds under management and reaching 700,000 people• The new investment continues LeapFrog’s success in the West African pensions market, having exited Gha…

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Àrgentil acquires a stake in Nigeria based developer of innovative housing solutions

01 June 2018

Àrgentil Capital Partners (“Àrgentil”) has acquired a 20% stake in Tempo Housing Nigeria Limited (“Tempo Housing” or “the Company”), a Nigeria based developer of innovative housing solutions. Tempo Housing specialises in developing flexible and affordable…

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AfricInvest takes 14.3% stake in Britam Holdings Plc.

23 May 2018

On Monday 21st May at the Nairobi Stock Exchange (NSE), AfricInvest—a leading pan-African mid-cap focused private equity firm—celebrated the finalisation of its agreement to invest KES5.7bn (approximately US$55mn) in Britam Holdings Plc (“Britam”), one of…

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EXEO Capital backs Zambian foods distributor

21 May 2018

21 May 2018: Africa-focused private equity manager, EXEO Capital, has announced an investment of US$6.4mn into Capital Fisheries – a market-leading Zambian food distributor that specialises in the cold-chain distribution of animal proteins. Conclude…

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Mediterrania Capital Partners invests in Groupe COFINA, a leading meso-finance institution in West and Central Africa

29 March 2018

Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan Africa, announces the acquisition of a minority stake in Groupe COFINA, a leading meso-finance institution in West and Central A…

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Alta Semper Capital Commits US$18mn to HealthPlus, West Africa’s Leading Retail Pharmaceutical Chain

27 March 2018

London, Lagos, and New York - Alta Semper partners with Nigeria’s leading retail pharmacy chain, HealthPlus: Founded in 1999 by Mrs. Bukky George, Health Plus Limited (“HealthPlus” or the “Company”) is made up of approximately 80 retail outlets, maki…

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Adenia Partners takes a controlling stake in Kanu Equipment, a fast growing pan-African specialist equipment distributor

14 March 2018

Adenia Partners, a private equity firm investing in sub-Saharan Africa, has acquired a controlling stake in Kanu Equipment Limited (Kanu), a pan-African distributor of capital equipment. The transaction provides growth capital to the Company and was struc…

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Investec makes further equity investment in Mobisol

20 February 2018

Investec Asset Management (Investec), through its Africa Private Equity capability, recently concluded a further equity investment in Mobisol, following the initial investment made in 2016 and a follow-on investment made in 2017. The investment was led by…

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EXEO Capital’s Agri-Vie fund invests in TerraSan

07 February 2018

EXEO Capital has announced an investment into a fast-growing aquaculture company operating on the South and West coasts of South Africa – TerraSan. Kennett Sinclair, partner at EXEO Capital – an Africa-focused private equity manager – says that as wild-ca…

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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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Mediterrania Capital Partners invests in Cairo Scan Radiology and Labs S.A.E.

01 February 2018

Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan Africa, announces the acquisition of a stake in CAIRO SCAN, a private provider of medical imaging services and diagnostics in Eg…

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AIIM acquires minority stake in the Amandi IPP

30 January 2018

African Infrastructure Investment Managers (AIIM), one of Africa’s leading infrastructure equity investment managers and a member of Old Mutual Alternative Investments (OMAI), today announces its acquisition of a minority stake in the Amandi IPP power pla…

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DPI builds Francophone African higher education platform

12 January 2018

Pan-African private equity specialist DPI, has been instrumental in creating KMR Holding Pédagogique, the leading state-recognised higher education platform in Francophone Africa. This is because of rapidly growing demand for quality degrees and strong j…

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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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Oasis Capital Ghana Invests in Legacy Girls College

20 December 2017

Private Girls Secondary School in Ghana Receives Equity Investment  Oasis Capital Ghana, an Accra-based private equity fund manager, is pleased to announce an investment in Legacy Girls College, a private girl’s high school operating in Ghana. The invest…

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Investec makes follow-on investment in Mobisol

30 November 2017

Investec Asset Management (Investec), through its African private equity capability, has made a follow-on growth equity investment alongside its consortium partners into Mobisol, one of Africa’s leading providers of off-grid solar home systems (SHS). Inv…

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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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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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Mediterrania Capital Partners receives EUR15mn commitment from EBRD

14 November 2017

The EBRD is supporting small and medium-sized businesses in Egypt, Morocco and Tunisia with a EUR15mn equity investment in the first close of Mediterrania Capital III LP (MC III), which could increase up to EUR35mn in subsequent closings. This is the thi…

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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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Old Mutual launches third international fund of funds

25 October 2017

Old Mutual Alternative Investments (OMAI), Africa’s largest private alternative investment manager, is launching its third International Private Equity Fund of Funds (International FoF III) with a target size of US$300mn.   By investing in a globally di…

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AfricInvest acquires 14.3% stake in Britam Holdings Plc.

03 October 2017

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce that its AfricInvest Fund III has finalized an agreement to invest in Britam Holdings Plc (Britam), one of the leading financial services groups in East Africa.…

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AFIG Funds invests in FSDH Merchant Bank

25 September 2017

FSDH Merchant Bank, a financial services group in Nigeria, announced that Advanced Finance and Investment Group (AFIG Funds), a leading African private equity fund manager has, through the Atlantic Coast Regional Fund (ACRF), completed an investment in th…

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CDC Group invests US$20mn in Solon Capital Holdings, Sierra Leone

30 August 2017

CDC Group plc, the UK’s development finance institution, has today demonstrated its commitment to finding new ways to channel growth capital into African markets by investing US$20mn in Solon Capital Holdings, an investment holding company based in Sierra…

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Latham & Watkins advises on Inspired investment

23 August 2017

Inspired, a leading group of premium schools in Europe, Africa, Latin America and Australia, announced it has received a significant strategic growth investment from TA Associates, a leading global growth private equity firm. Inspired is a co-educational,…

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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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Kibo Capital invests in Blowplast Limited

02 July 2017

Kibo Capital Partners (KCP) today announced an investment in Blowplast Limited (Blowplast), a leading producer of plastics packaging solutions in Kenya. The capital invested in the company will support Blowplast’s expansion in East Africa and beyond. The …

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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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AfricInvest invests in International Community School, Ghana

06 June 2017

AfricInvest, a leading pan-African mid-cap-focused Private Equity firm, is pleased to announce that its AfricInvest Private Equity Fund III has invested in International Community School Limited (ICS), a leading private K-12 school in Ghana. Through its …

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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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Convergence Partners backs pan-African wholesale broadband provider, CSquared

18 May 2017

Convergence Partners recently signed an agreement with Google, International Finance Corporation (IFC) and Mitsui & Co., Ltd. (Mitsui) to invest in CSquared, a broadband infrastructure company headquartered in Nairobi, Kenya. The partners have agreed …

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Synergy Capital Managers invests in Dimension Data

17 May 2017

Synergy Capital Managers is pleased to announce the completion of its tenth investment, through its Synergy Private Equity Fund (SPEF),  in Dimension Data Nigeria Limited and Dimension Data Ghana Limited via the acquisition of the Nigerian and Ghanaian su…

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Catalyst acquires Britania biscuits

08 May 2017

Catalyst Principal Partners, a leading Eastern Africa focused private equity firm, has completed its first investment under its second fund which achieved its first close of US$103 million last month. Through a newly established firm, Britania Foods Li…

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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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Catalyst acquires stake in Kensta Group

24 April 2017

Catalyst Principal Partners LLC (Catalyst) has announced its acquisition of a significant minority interest in Kensta Group (Kensta).  Kensta Group is a 52-year-old third generation family business, with headquarters in Kenya and operations in five East …

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8 Miles acquires 20% stake in Blue Skies

13 April 2017

8 Miles LLP, the pan-African Private Equity firm, today announces an investment in Blue Skies, a UK-incorporated business with operations in several African countries that is the leader in the production of fresh-cut tropical fruit for UK and Western Euro…

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Investec Asset Management invests in SJL Group

11 April 2017

Investec Asset Management (IAM), through its Africa Private Equity capability, has completed the management buy-out of 100% of SJL Group. SJL is the market-leading transport and logistics operator providing fully integrated cross-border services on the Mo…

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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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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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Kibo Capital invests in Rwandan bank

06 April 2017

Kibo Capital Partners, a manager of regional private equity funds, today announced an investment by Kibo II in I&M Bank Rwanda, the oldest and one of the most profitable banks in Rwanda.  “Our investment in I&M Rwanda (IMR) builds on a long relat…

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Sahel Capital invests in Crest Agro Products

13 March 2017

Sahel Capital, fund managers for the Fund for Agricultural Finance in Nigeria (FAFIN) and CardinalStone Capital Advisers (CCA), a Nigerian Private Equity Fund Manager, are pleased to announce that definitive agreements have been executed for an investment…

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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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AfricInvest and Bpifrance launch French African Fund

16 January 2017

AfricInvest and Bpifrance are pleased to announce the launch of the French African Fund (FFA), the first cross-border investment fund dedicated to the development of small and medium-sized enterprises (SMEs) in both Africa and France. The fund will be ma…

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DOB Equity invests in Countryside Dairy

15 December 2016

DOB Equity has announced today that it has taken up a stake in Countryside Dairy Ltd at a publicly undisclosed value as part of a commitment to increase social impact investment deals in Kenya. By investing in Countryside Dairy Ltd, the Private Equity fu…

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Synergy Capital Managers invests in MSY Analytics Group

02 December 2016

Synergy Private Equity Fund (SPEF) is pleased to announce the completion of its investment in MSY Analytics Group (MSY), a technology driven professional services and data analytics company focused on increasing corporate human capital productivity and or…

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Synergy Capital Managers invests in Ghanaian multiproduct company

12 October 2016

Synergy Capital Managers (Synergy), through its Synergy Private Equity Fund (SPEF), has completed an equity investment in Vester Oil Mill Limited Ghana (Vester), a multiproduct company producing oilseed meals and oilseed crude oils including soybean, palm…

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Mediterrania Capital Partners invests in Moroccan university

12 October 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 Université P…

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Catalyst Principal Partners acquires stake in Tanzanian pharmaceutical manufacturer

10 October 2016

Catalyst Principal Partners (Catalyst), a leading East African focused private equity firm, has acquired a controlling stake in Zenufa Laboratories Ltd. in Tanzania. Zenufa is one of the leading pharmaceutical manufacturers in Tanzania with its factory r…

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Investec acquires stake in off-grid solar home system company

04 October 2016

Investec Asset Management, through its Africa Private Equity capability, has acquired a significant shareholding in Mobisol, a leading provider of off-grid solar home systems (SHS) in Africa. Investec Asset Management will partner with Mobisol’s founder m…

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DPI acquires stake in Général Emballage, an Algerian packaging business

30 September 2016

Development Partners International (DPI), one of the leading African private equity specialists with US$1.1bn under management, has acquired through its ADP II fund a stake in Général Emballage, the leading packaging business in Algeria, which specialises…

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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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Proparco invests in Activa Group insurance company

26 September 2016

The insurance sector is an engine for the economic and social development of Africa. It is for this reason that Proparco is supporting the expansion of Activa Group via an equity investment. Proparco has committed a EUR10mn equity investment in Activa Gr…

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Adenia Partners invests in leading power services company in Ivory Coast

23 September 2016

Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, announced a majority investment in Ademat, a leading business service company in Côte d’Ivoire active in the power sector. This trans…

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Helios signs US$115.8mn deal with Oando PLC

22 September 2016

Oando PLC ( Oando or the Group), an integrated oil and gas company headquartered in Nigeria, has announced the execution of a definitive agreement with a vehicle owned by funds advised by Helios Investment Partners LLP (Helios), to acquire 49% of the voti…

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DPI invests US$100mn in Atlantic Business International

13 September 2016

Development Partners International (DPI), one of the leading African private equity specialists with US$1.1bn under management, has agreed to subscribe to a US$100mn capital increase through its ADP II Fund in Atlantic Business International (ABI). ABI is…

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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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Actis invests in Medis, acquiring Africinvest stake

02 September 2016

Actis, a leading growth markets investor, today announced a significant investment in Medis Group (Medis), a prominent branded generic pharmaceuticals business in Tunisia and Algeria. Actis has acquired a meaningful stake in the business from Africinvest,…

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DOB Equity invests in Kenyan tech-enabled food wholesaler

30 August 2016

DOB Equity, a leading Dutch family office, announced that it had taken a minority stake in Twiga Foods, the Kenyan wholesaler, to expand its reach in the fast growing African micro-vendor food market. DOB Equity says Twiga Foods’ integrated and tech-enab…

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8 Miles invests in Beloxxi

19 August 2016

An investment consortium led by 8 Miles LLP, the pan-African Private Equity firm, and made up of 8 Miles, African Capital Alliance (ACA), a leading Sub-Saharan Africa focused Private Equity firm, and Deutsche Investitions und Entwicklungsgesellschaft mbH …

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Sahel Capital in Dayntee Farms deal

02 August 2016

Sahel Capital, Fund Managers for the Fund for Agricultural Finance in Nigeria (FAFIN), announced its most recent investment – in Dayntee Farms Limited, a commercial poultry farm located in Kwara State, in the North Central region of Nigeria.  Founded in …

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DPI invests in household appliances firm, B.TECH

21 July 2016

Development Partners International (DPI), one of the leading African private equity specialists with US$1.1bn under management, has through its ADP II fund concluded an investment and strategic partnership with Egypt’s leading household appliances and con…

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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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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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AVCA announces changes to Legal & Regulatory Committee

17 June 2016

London, UK, 2 June 2016: The African Private Equity and Venture Capital Association (AVCA) today announce a series of changes to the leadership and membership of its Legal & Regulatory (L&R) Committee. Folake Elias-Adebowale, Partner at Udo Udoma…

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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 …

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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…

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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 …

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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…

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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…

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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…

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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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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…

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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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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…

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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…

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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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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…

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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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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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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…

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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 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…

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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…

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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…

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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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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…

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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…

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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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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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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…

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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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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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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…

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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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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…

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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…

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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…

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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   …

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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 …

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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…

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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…

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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…

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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…

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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…

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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…

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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. …

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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…

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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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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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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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…

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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…

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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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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-growing consumer market London and Algiers, 14 March 2014: Emerging Capital Pa…

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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…

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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 …

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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…

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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…

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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…

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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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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…

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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 …

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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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Join us on Wednesday, 8th April 2020, for an interactive webinar to discuss the steps industry leaders are taking t… https://t.co/igWB9EdkDq

Over the next ten years, 17% of LPs and 50% of GPs in our African PE Industry Survey expect African PE returns to… https://t.co/lQHTIV7rQ8

Verod Capital backed Tangerine acquires ARM Life Plc. Read more: https://t.co/hbhcHAbaFD

@PartechPartners and @IFC_org led US$9.6mn funding round in fintech @TerraPay. Read more: https://t.co/95yUeJGRQa

85% of LPs in our African PE Industry Survey expect an increase in PE exits through trade buyers over the next 3-5… https://t.co/OFlRBSo4EQ