25 June 2020
IFC, a member of the World Bank Group, is providing EUR10mn in financing to Tunisian date processing company VACPA, part of an effort to preserve jobs, especially for women, amid the COVID-19 pandemic.The company, the country’s largest exporter of dates, …
Read more »25 June 2020
Through a US$30mn investment in the first close of AfricInvest’s new multisector private equity fund, Proparco will support the development of strong local and regional consumer-driven businesses across Africa. AfricInvest is one of the pione…
Read more »25 June 2020
A large number of companies issue bonds as a source of financing, giving them access to national and international capital markets. The outbreak of the COVID-19 pandemic brought the issue of new corporate bonds, particularly by issuers from emerging marke…
Read more »23 June 2020
In line with its vision to better manage the environment and support the socio-economic uplifting of the Region where it operates, Inside Equity Fund has committed to invest US$2.75mn in Alpha to finance the doubling of its waste collection and processing…
Read more »23 June 2020
The success of the HTA bond issue demonstrates the value of the EAIF/PIDG business model in African economic development,” says EAIF fund managers The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Gr…
Read more »21 June 2020
IFC, a member of the World Bank Group, is investing up to US$10mn in a local Egyptian company to help it expand installation of digital prepaid and smart electricity meters in Egyptian homes. The investment will support government energy reforms to improv…
Read more »18 June 2020
Like many cities in Sub-Saharan Africa, Douala, the economic capital of Cameroon (4 million inhabitants), is experiencing rapid population growth, especially among the middle class, and a strong urban transformation. Changes in consumer habits and the i…
Read more »16 June 2020
New financial center designed to support inward investment into Africa CDC to play key advisory role in creating new legal framework for financial hub CDC Group, the UK’s development finance institution and impact investor, today signed a pa…
Read more »16 June 2020
AVCA's Head of Research & Training, Enitan Obasanjo-Adeleye discusses the findings of AVCA's research on climate change, the implications of climate change on Africa's PE ecosystem and the role African PE can play in reducing the risks of climate chan…
Read more »16 June 2020
Written by 'Tokunboh Ishmael, Managing Partner, Alitheia IDF To see the original article, please click here Politics, Philosophy and Economics of ODA in a time of COVID-19 In these unprecedented times, development assistance must shed the skin of its…
Read more »10 June 2020
Sanlam Investments is responding to the COVID-19 pandemic through large-scale support of the recovery of South African companies, from small enterprises to corporates that employ a large number of people. Sanlam has committed R2.25bn of its own capital to…
Read more »08 June 2020
This operation is Proparco's first mezzanine transaction in Ethiopia and will support job creation, the development of local agribusiness, import substitution and economic growth in the country. Proparco and Ethos Mezzanine Partners have announced a …
Read more »04 June 2020
Projects support developing countries reeling from COVID-19 and include first transactions using equity and technical assistance The U.S. International Development Finance Corporation (DFC) Board of Directors has approved US$1bn of investments that will …
Read more »04 June 2020
IFC, a member of the World Bank Group, has invested up to US$30mn in AfricInvest Fund IV. Read more.
Read more »02 June 2020
Àrgentil Capital Partners (“Àrgentil”) has provided additional debt and equity investment to support its portfolio company, Tempohousing Nigeria Limited (“THN”) which specialises in developing flexible and affordable residential and commercial spaces usin…
Read more »26 May 2020
The pressure on healthcare facilities is greatly increasing in developing countries as the Covid-19 virus spreads. Based on long experience of working with sustainable investments in developing countries Swedfund supports different actors in the healthcar…
Read more »22 May 2020
Malta. 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 acquisition of MetaMed, the largest platform of Diagnostic Imaging centres in Egypt, …
Read more »21 May 2020
DPI completes its second investment from African Development Partners III (“ADP III”) SICAM represents ADP III’s first investment in Tunisia, and one of the largest Private Equity transactions ever undertaken in the country Tunisia is the largest cons…
Read more »21 May 2020
By Tom Scriven CFA, Partner & General Counsel, RENEW In our latest white paper, we outline seven reasons why RENEW believes a ‘stay the course’ approach to investing in SMEs in Ethiopia is the best response both to the economic crisis created b…
Read more »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 …
Read more »18 May 2020
Cepheus Growth Capital Partners (“Cepheus Capital”) is pleased to announce an investment into East African Lion Brands Manufacturing Share Company (“Lion Brands”), one of Ethiopia’s leading domestic manufacturers of fast moving consumer goods (“FMCG”) pro…
Read more »18 May 2020
The loan strengthens FMO’s presence among financial institutions in francophone Africa, increasing access to finance for MSMEs FMO is pleased to announce the recent closing of multiple transactions to microfinance group Compagnie Financiere Africaine (CO…
Read more »11 May 2020
Convergence Partners announced that its pan- African digital service provider platform, inq. Holdings Limited (formerly Synergy Communications), has completed the 100% acquisition of Vodacom Business Africa’s operations in Nigeria, Zambia and Cote d’Ivoir…
Read more »08 May 2020
The Open Society Economic Justice Program, via its impact investing arm, the Soros Economic Development Fund (SEDF), has committed $15 million to two women-led investment funds that advance economic and gender equity. These investments—US$10mn in Alithei…
Read more »06 May 2020
La Tribune Afrique interviews AVCA's Head of Research and Training, Enitan Obasanjo-Adeleye. Read more
Read more »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…
Read more »05 May 2020
ECP portfolio company Mukuru, an international money operator and remittance company, has acquiredZoona Malawi’s operational assets along with the technology systems that support its Malawian operations. Zoona, which has worked with Mukuru for four yea…
Read more »22 April 2020
Phatisa Food Fund 2 (PFF 2) and a group of co-investors – Norfund, Mbuyu Capital and DEG – have acquired integrated agricultural solutions provider Farming and Engineering Services Limited (FES). The investment will support FES’s long term growth strategy…
Read more »21 April 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 it has reached a EUR286 million final closing for its third fund for Africa, Mediterrania Capital…
Read more »20 April 2020
Equity capital for local firm Naivas DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH is investing in a leading Kenyan supermarket chain. Naivas Limited (“Naivas”) operates more than 60 stores in Kenya, of which half are in the Greater Nairo…
Read more »20 April 2020
Liquidity management will decide which private equity investors in Africa are able to take advantage of the new opportunities created by the coronavirus pandemic. That’s the message from the transcript of a private webinar for members of the African Priv…
Read more »17 April 2020
In the fertile soil region of Embu on the slopes of Mount Kenya, northeast of Nairobi, German-Kenyan company Limbua produces organic macadamia nuts of the highest quality. In the next two years, the company is planning to double its annual throughput for…
Read more »16 April 2020
Written by Ladé Araba, Managing Director, Africa at Convergence Finance Twitter handle: @LDAraba Institutional investors have become increasingly open to non-traditional, high yield investment opportunities as they grapple with low yield environments…
Read more »10 April 2020
SPE Capital Partners (“SPE Capital”) is pleased to announce the acquisition of Saham Pharma (“Saham Pharma”), a leading antibiotics manufacturer and major hospital provider in Morocco, alongside Proparco as a minority investor. The acquisition constitutes…
Read more »10 April 2020
The Board of Directors of the African Development Bank has approved a US$10mn equity investment in Razorite Healthcare Africa Fund 1 (RHAF1) to help improve healthcare infrastructure delivery across the continent. The 10-year deal, approved on 26 Februar…
Read more »10 April 2020
Written by 'Tokunboh Ishmael, Managing Partner, Alitheia IDF Impact Investing seeped into the conscience of the investing ecosystem over a decade ago and refers to the varying degrees that investments can deliver positive social, developmental, econ…
Read more »08 April 2020
The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and wil…
Read more »06 April 2020
Kibo Capital Partners is proud to announce that it has acquired a majority stake in a tertiary education group, Transcom S.A. This marks Kibo’s eleventh and final deal from its second fund. The capital will go towards the construction of a new campus ena…
Read more »01 April 2020
IFC, a member of the World Bank Group, today announced a US$2.5mn investment in New Crystal to support the expansion of the private healthcare group, which provides high-quality medical services to lower-middle-income and low-income patients and families …
Read more »27 March 2020
The Board of Directors of the African Development Bank Group has approved a US$8.25 mn corporate loan to Olivine Industries Limited to support the company’s food production expansion plan in Zimbabwe. The Bank’s loan, approved on Wednesday, will enable t…
Read more »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…
Read more »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…
Read more »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…
Read more »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
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »16 October 2019
EIB has approved a US$25mn equity commitment into Blue Orchard Resilience Fund. To read more, please click here. -END-
Read more »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 …
Read more »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.
Read more »15 October 2019
Climate change poses an existential threat to our societies. Nowhere is this more apparent than in Africa – the most vulnerable continent to climate change, both in terms of impact and ability to mitigate damage... read more.
Read more »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 …
Read more »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…
Read more »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, …
Read more »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. …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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 …
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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”)…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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$51m structured loan and equ…
Read more »26 November 2018
AfricInvest, a leading Pan-African mid-cap-focused private equity firm, has invested in Les Centaures Routiers (“LCR”), the largest independent transportation company in Côte d’Ivoire. AfricInvest Fund III, the firm’s third generation Pan-African fund, w…
Read more »01 November 2018
Chris Chijiutomi has been with CDC since 2017 as an Investment Director and replaces Sameh Shenouda who left CDC in September. He will lead the CDC team making equity investments in infrastructure in CDC’s target regions of Africa and South Asia. Before …
Read more »17 October 2018
AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the second closing of its North African Fund, Maghreb Private Equity IV (“MPEF IV”). OeEB, the Development Bank of Austria and a prominent South African fund o…
Read more »04 October 2018
AfricInvest, a leading pan-African private equity firm, today announced the second close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE aims to improve access to financial services for the g…
Read more »20 September 2018
Development Partners International (‘DPI’), a leading Pan African private equity firm has made an investment through African Development Partners II (“ADP II”), in Moroccan irrigation systems and solutions business, Compagnie Marocaine de Goutte à goutte …
Read more »07 September 2018
The Board of Directors of the African Development Bank has approved a US$ 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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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.…
Read more »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…
Read more »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…
Read more »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,…
Read more »03 July 2017
Agri-Vie Fund I, the Africa Food and Agribusiness Investment Fund managed by the pan-African private equity investment firm, EXEO Capital, has announced its exit from one of South Africa’s most respected value-added dairy companies, Fairfield Dairy, con…
Read more »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 …
Read more »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 …
Read more »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 …
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »25 April 2017
Investec Asset Management (IAM) has successfully completed an exit from its mezzanine investment in SA Taxi, the first financial services provider to focus solely on the taxi industry in South Africa. IAM invested in March 2011 through its first African …
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »10 April 2017
Mediterrania Capital Partners, a regional private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, and AfricInvest, a leading pan- African SME-focused private equity firm with more than US$1bn under management,…
Read more »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…
Read more »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…
Read more »10 February 2017
Development Partners International (DPI), a leading Africa-focused private equity firm with US$1.1bn in assets under management, is pleased to announce that its African Development Partners I (ADP I) Fund has successfully sold its 27.7% shareholding in CA…
Read more »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 – …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »29 September 2016
AfricInvest, one of the key Pan-African midcap private equity firms, is pleased to announce that its Maghreb Private Equity Fund II (MPEF II) has successfully concluded its exit from Général Emballage (GE) a leader in the manufacturing and processing of c…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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,…
Read more »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…
Read more »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 …
Read more »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 …
Read more »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…
Read more »05 July 2016
African Infrastructure Investment Managers (AIIM) has announced the successful sale of investments in three privately-concessioned toll roads in Southern Africa. Acting as the manager of the South Africa Infrastructure Fund (SAIF), AIIM successfully concl…
Read more »21 June 2016
Helios Investment Partners (acting on behalf of Helios Investors, L.P.) and including The Pembani Group, First City Monument Bank and IFC, announced the completion of the sale of HTN Towers (“HTN”), the pioneer of tower infrastructure sharing in Africa, t…
Read more »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…
Read more »27 April 2016
8 Miles LLP, the pan-African Private Equity firm announced an investment in Verde Beef Processing PLC, an Ethiopian agribusiness that specialises in producing premium beef in Adami Tulu, Oromia in Ethiopia. The investment of new money will give 8 Miles a …
Read more »27 April 2016
Mediterrania Capital Partners, the regional private equity firm focusing on growth investments for SMEs in North Africa and Sub-Saharan countries, announces the acquisition of a 43% stake in Cieptal Cars through its second fund Mediterrania Capital II (“M…
Read more »27 April 2016
Mediterrania Capital Partners, the regional private equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, announces the acquisition through its second fund (“MC II”) and alongside Euromena III (the latest of …
Read more »18 April 2016
Kibo Capital Partners, a manager of regional private equity funds, announced today an investment in General Cargo Group, a leading provider of logistics services in Kenya by Kibo Fund II. Kibo has partnered with Velogic, a Mauritius based regional logisti…
Read more »31 March 2016
Helios, the pan-African investment firm, is set to deliver a postcolonial turnround with a deal for key divisions of Crown Agents — a company which was once a pillar of the British empire. The deal for Crown Agents Bank and its sister asset management co…
Read more »30 March 2016
AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce that its Maghreb Private Equity Fund III has invested in Outsourcia Group (“Outsourcia”), a Moroccan leadingcontact center and business process outsourcing (BPO…
Read more »24 March 2016
Synergy Capital Managers (Synergy) has announced the completion of its investment in Suburban Fiber Company Limited (Suburban), a Next Generation Broadband company focused on delivering home content solutions to retail end customers in Abuja and Lagos. Th…
Read more »24 March 2016
The Board of Directors of the African Development Bank (AfDB) has approved a US$25mn equity investment in the Abraaj Growth Markets Health (Africa) Fund (the “Fund”), the Africa focused parallel partnership of the Abraaj Growth Markets Health Fund. This c…
Read more »23 March 2016
Charles Russell Speechlys (CRS) has acted as legal adviser to the management team of Emerging Markets Payments (EMP), the leading Africa and Middle East payments business, on the sale of EMP by Actis to Network International. Actis is the private equity f…
Read more »16 March 2016
The founders of Agri-Vie Investment Fund, the African private equity fund focused on the food and agribusiness sector, and pan-African asset manager STANLIB, are proud to announce the formation of EXEO Capital - an Africa-focused private equity partnershi…
Read more »10 March 2016
AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce that itsAfricInvest Fund III has invested in Silafrica Plastics and Packaging International Limited (“Silafrica”), theleading East African plastics and packagin…
Read more »03 March 2016
Actis, a leading growth markets investor, today confirmed an agreement to sell Emerging Markets Payments (‘EMP’), the leading Africa and Middle East payments business, to Network International. The transaction is subject to regulatory approvals.Actis esta…
Read more »24 February 2016
Old Mutual Private Equity (OMPE), a division within Old Mutual Alternative Investments, has bought a 70% stake in MoreCorp, best known as the owner of The Pro Shop, World of Golf, Playmoregolf and Cycle Lab. Additional shareholders include MoreCorp co-fou…
Read more »22 February 2016
Enko Capital Managers is pleased to announce it has successfully reached a US$83.25 million final close of its Pan-African fund, the Enko Africa Private Equity Fund (EAPEF). Significant second close investors included Proparco, through its FISEA window, a…
Read more »18 February 2016
Synergy Capital is pleased to announce the completion of the investment in Africa Terminals Limited, a spin off from DuPort Marine, a trading logistics and maritime company with over eight years’ experience operating in the Nigerian downstream segment. …
Read more »12 February 2016
12th February, 2016 - AfricInvest and Siparex are pleased to announce the first closing of the “Fonds de Co-Localisation Franco-Tunisien” (FCFT), promoted and equally subscribed by French and Tunisian state investors - Bpifrance (France) and Caisse des Dé…
Read more »28 January 2016
Verod Capital is pleased to announce the final close of Verod Capital Growth Fund II (“Verod Fund II”) at $115mn, exceeding its original target of $100mn. Verod Fund II is supported by a diverse group of prominent global investors and includes a mix of fu…
Read more »28 January 2016
Cape Town, South Africa, 13 January 2016: Old Mutual Private Equity (OMPE), a division within Old Mutual Alternative Investments, has announced that it has acquired a significant minority stake in In2food, a leading convenience food manufacturing business…
Read more »14 January 2016
Mediterrania Capital Partners, the regional Private Equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, announces a full exit of Cepro ("Cellulose Processing"), a manufacturer and distributor of baby diapers and …
Read more »11 January 2016
The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced the acquisition, through its second generation North Africa Fund (‘ANAF II’), of a significant minority stake in Cellulose Processing (‘CEPRO’ or t…
Read more »07 January 2016
Lagos, Nigeria, January 7, 2016 – IFC, a member of the World Bank Group; together with IFHA-II Cooperatief, a private equity fund focused on investing in the healthcare sector in Sub-Saharan Africa; Swiss Re, the reinsurance company; and CIEL Healthcare A…
Read more »19 November 2015
Amethis is pleased to announce its entry into West Africa’s healthcare market with a minority equity investment in HMAO Group. HMAO is a group composed of clinics and laboratories and is the leader in the healthcare market in the region. Through this tran…
Read more »24 August 2015
Cotonou, Benin, 24 August 2015: Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund manager, confirmed the sale of its stake in Eau Technologie Environnement (ETE) to the Moroccan company “Les Eaux Minéral…
Read more »20 August 2015
Investec Asset Management has acquired a significant shareholding in wiGroup, South Africa’s only interoperable point-of-sale mobile transacting network. Investec Asset Management will partner with wiGroup’s founder management and existing shareholder Cap…
Read more »05 May 2015
London, United Kingdom, May 5th 2015 – Funds advised by Helios Investment Partners (“Helios”) have agreed to invest $100m for a 12.4% stake in Africa Oil Corp. (“Africa Oil” or “the Company”). Africa Oil Corp. is a Canadian oil and gas company with a…
Read more »08 April 2015
Johannesburg, South Africa, April 8 2015: The Netherlands Development Finance Company (FMO) and Vantage Capital have exited their R220 million ($32 million) investment in Safripol, a Southern African plastic polymer manufacturer.Vantage is a Pan-African m…
Read more »04 March 2015
Gauteng, South Africa, 4 March 2015: The Metier Capital Growth Fund II completed its first close in mid-February 2015 and has already signed a binding sale agreement with its first portfolio company, a consumer retail chain with a presence in South Africa…
Read more »02 March 2015
Dubai, United Arab Emirates, 2nd March 2015: The Abraaj Group, a leading private equity investor operating in global growth markets, today announced the formation of the North Africa Hospital Holdings Group (NAHHG), a healthcare investment platform to enh…
Read more »06 February 2015
Following an announcement that Helios Investment Partners (“Helios”) exceeded the $1 billion target set for the firm’s third Africa-focused fund, Helios Investors III, L.P. (“Helios III”), Helios today announced that Helios III, which was oversubscribed, …
Read more »27 January 2015
AfricInvest, a leading pan-African SME-focused private equity firm, is pleased to announce that its AfricInvest Fund II (“AFII”) and AfricInvest Financial Sector (“AFS”) Fund, along with two other investors, Aureos Africa Fund (managed by Abraaj) and Swed…
Read more »16 January 2015
London,United Kingdom, 16 January 2015: Norfund and NorFinance AS (a joint venture investment company between Norfund and Norwegian private investors) have agreed terms with Helios Investment Partners (“Helios”) to purchase from Helios an effective stake …
Read more »12 January 2015
London, United Kingdom, 12th January 2015: Helios Investment Partners ("Helios"), a leading pan-African private investment firm, today announced it has exceeded the $1 billion target set for its third Africa-focused fund and the firm will shortly be closi…
Read more »09 December 2014
Abidjan - On December 9, 2014, in Dakar, Senegal, the Regional Stock Exchange (BRVM) and Advanced Finance & Investment Group (AFIG Funds) signed a strategic partnership agreement to facilitate access to financing via the stock exchange. This partnersh…
Read more »28 November 2014
Funds managed by DPI (“Development Partners International LLP”) and AfricInvest, leading Africa-focused private equity funds and DEG, FMO and PROPARCO, the European development finance institutions, announced today that they have entered into a definitive…
Read more »27 November 2014
In summary: DOB Equity is pleased to announce it has completed an investment in Joseph Initiative Ltd. an agricultural trading company that aims to improve efficiencies in the maize supply chain benefiting thousands of Ugandan farmers. DOB Equit…
Read more »26 November 2014
Investment secures next phase of growth and expansionJohannesburg, South Africa – Global Alternative Asset Manager The Carlyle Group (NASDAQ: CG) and Old Mutual Private Equity today announced that they have agreed to acquire 100% of South African tyre ret…
Read more »24 November 2014
$147 million investment sees The Carlyle Group become a significant shareholder Lagos, Nigeria - Global alternative asset manager, The Carlyle Group (NASDAQ: CG) today announced that it has invested $147 million in Diamond Bank (NGSE: DIAMONDBNK), a c…
Read more »20 November 2014
LeapFrog Investments and Resolution Insurance today announce that LeapFrog intends to invest KSh 1.68 billion (US$18.7million) for a majority stake in Resolution Insurance, through its holding company, Resolution Health East Africa Limited …
Read more »31 October 2014
Fusion Capital is pleased to announce its latest investment in Meru Greenwood Park, a Kes. 2billion integrated development in the heart of Meru County. Fusion has partnered with local investors through a joint venture SPV, and the project is scheduled to …
Read more »24 October 2014
Paris, October 24 2014: Kusuntu Partners launches a new service for linking up the Africa Focused Private Equity Funds and Investors to Africa Small and Growing Businesses.Kusuntu, a partnership that promotes the emergence and the development of African E…
Read more »08 October 2014
Abraaj continues its investment focus on market-leading African businesses targeting the rising middle and consumer classes Acquisition demonstrates Abraaj’s continued commitment to execute proprietary African private equity investments…
Read more »08 October 2014
On Wednesday, October 1, 2014 in Abidjan, the Board of Directors of the African Development Bank approved a €10-million equity investment in the African compartment of the Moringa Private Equity Fund.Moringa will invest in scalable, replicable agroforestr…
Read more »29 September 2014
Port Louis, Mauritius, September 2014: Adenia Partners, a private equity firm investing in the Indian Ocean and West Africa regions, announces the acquisition of Mauvilac, the leading paint, coatings and chemical products manufacturer and marketer in Maur…
Read more »15 September 2014
Synergy Private Equity Fund (LP) is pleased to announce its first close of US$56.25M on September 12, 2014. The Synergy Private Equity Fund (SPEF) is a $75 million-target ($100m hard cap) private equity fund domiciled in Mauritius and focused on mid-size…
Read more »05 September 2014
Investec Asset Management is delighted to recognise the significant achievement of IHS in being selected by MTN to jointly own, and to have full operational control over, the 9,151 network towers that MTN currently has in Nigeria. This landmark deal, foll…
Read more »29 August 2014
August 29, 2014 - African Capital Alliance (ACA) today announced its investment in Wakanow, Nigeria’s leading online travel agency (OTA).Wakanow was founded in 2008 to address the complex challenges customers face when booking travel in and from Nigeria. …
Read more »05 August 2014
Partnership will invest across the oil & gas value chain as well as in consumer, financial services and agribusiness sectors – building blocks of the African economyWashington, DC & Lagos, Nigeria – Global alternative asset manager The Carlyle Gro…
Read more »03 August 2014
Abraaj exits investment in Fibrex, a leading manufacturer of plastic pipes Deal among the first for the private equity industry in Angola Production volume increased organically by over 70% per cent The Abraaj Group (“A…
Read more »22 July 2014
AfricInvest, along with FMO, MicroVest II, LP and Finnfund, is delighted to announce the creation of SFC Finance, a lender to African small and medium enterprises (SMEs). SFC Finance will commence operations with committed shareholders’ equity of $20 mill…
Read more »14 July 2014
Abraaj brings significant pan-regional healthcare experience and a growing investment track record in Tunisia Investment will increase patient capacity and add new services Tunis, Tunisia, 14 July 2014: The Abraaj Group (‘Abraaj’ o…
Read more »10 July 2014
Fusion Capital announces its partnership with Xtra Publishing Limited, a free newspaper ‘X News’ and digital content company with a 40% equity stake in the company.Xtra is set to be the pioneer in the continent in its efforts to leverage free print and di…
Read more »10 July 2014
Helios Towers Africa (“HTA”), the leading, independent telecommunications towers company in Africa, announces that it has raised $630 million in new equity resources from existing and new shareholders.Existing shareholders including: Quantum Strategic Par…
Read more »01 July 2014
A private equity consortium led by Ethos Private Equity, announced today that it has acquired c.80% of the RTT Group for an undisclosed sum. Other key shareholders in the consortium are African Development Partners II, a private equity fund advised by Dev…
Read more »30 June 2014
Amethis Finance, the private investment fund dedicated to long-term responsible investments in Africa, founded in partnership between Luc Rigouzzo, Laurent Demey, and the Edmond de Rothschild Group through Compagnie Benjamin de Rothschild Conseil “CBR”, s…
Read more »13 June 2014
Dentons is delighted to have won the 'Advisor of the Year – Single Deal Advisor' award at the Private Equity Africa Awards 2014. Dentons won the award for its role advising Indorama on its co-investment with Helios in the US$3bn Petrobras Oil & Gas JV…
Read more »12 June 2014
OUTSTANDING LEADERSHIP AWARDHenry Obi, Partner, Helios Investment PartnersDEAL OF THE YEAR: Large Cap Deal of the YearPetrobas Africa, Helios Investment PartnersHenry Obi, partner and chief operating officer at Helios Investment Partners, has been awarded…
Read more »10 June 2014
King & Wood Mallesons SJ Berwin has been awarded ‘Legal Advisor of the Year - Funds’ at Private Equity Africa’s third annual GP & Advisor Awards.The Private Equity Africa Awards celebrate the best in-class global investors and advisors working sol…
Read more »09 June 2014
June 9, 2014 - African Capital Alliance (ACA) today announced its investment in Gas Train Limited, a gas infrastructure development platform operating in Nigeria.Gas Train was set up by the Owel-Linkso Group, a project development firm which also provides…
Read more »02 June 2014
ADC African Development Corporation AG (ADC); ISIN DE000A1E8NW9, announces the sale of RSwitch, the national e-payment switch of Rwanda, to Millicom (Stockholmsbörsen: MIC) – a digital services provider operating under the Tigo brand in 15 markets in Afri…
Read more »14 May 2014
Marrakesh/London - African Development Partners II L.P. (“ADP II”), a pan-African private equity fund advised by Development Partners International LLP (“DPI”) is making a US$20 million equity investment in Université Privée de Marrakech (“UPM”), one of M…
Read more »02 April 2014
LAGOS, 2ND APRIL 2014: Release today, the second annual joint study by the African Private Equity and Venture Capital Association (AVCA) and EY confirms private equity (PE) in Africa is becoming a more established asset class in the region’s investment la…
Read more »31 March 2014
Tunis - March 31st, 2014Swicorp, a leading investment banking and asset management firm focused on the MENA region, announced the successful listing of Sotipapier on the Tunis Stock Exchange. Swicorp acquired a strategic stake in Sotipapier in May 2012 th…
Read more »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…
Read more »11 March 2014
Lusaka, Zambia – Tuesday 11 March 2014: Standard Chartered’s Private Equity Africa division (“SCPE”) announced its first investment in Africa’s developing power sector. SCPE has invested USD57 million into Zambian Energy Corporation (“ZamEn”), the control…
Read more »26 February 2014
Amethis Finance (“Amethis”) and Edmond de Rothschild Europportunities Management II (“ERES”) are pleased to announce the signing of the legal documentation formalizing a minority equity investment in Fidelity Bank Ghana Limited, for a total consideration …
Read more »13 February 2014
Agusto & Co has assigned a rating of “BBB(IM)” to MBO Capital Management Limited (”MBO Capital” or “The Manager”).Investment Managers rated “BBB (IM)” are considered to have ADEQUATE investment and risk management capabilities. The rating is supporte…
Read more »13 February 2014
Agri-Vie, the private equity fund focused on food and agribusiness investments in Sub-Saharan Africa, has announced a $5 million investment into Kariki Group, a specialist Kenyan flower exporting business. According to Dave Douglas, Investment Advisor at…
Read more »06 February 2014
PARTICIPATION IN NEW RIGHTS ISSUE TAKES TOTAL COMMITMENT TO US$33.4mCDC has announced a $18.4m commitment to a new rights issue in the Atlantic Coast Regional Fund (‘ACRF’), taking its overall commitment to the fund to $33.4m. The rights issue will provid…
Read more »30 January 2014
Lereko Metier Capital Growth Fund exits Surgical Innovations to Ascendis HealthLereko Metier partnered the founding entrepreneurs of medical device distributor Surgical Innovations in 2008. Newly Johannesburg Stock Exchange listed healthcare group, Ascen…
Read more »23 January 2014
CDC Group plc and IFC, a member of the World Bank Group, have announced an investment of US$32m in Garden City, a new mixed-use real estate development in Nairobi, Kenya. The project, led by Actis, has been awarded Vision 2030 Partner Status by the Govern…
Read more »14 January 2014
Standard Chartered Private Equity (“SCPE”), the investing arm of Standard Chartered Bank, announced that it has acquired 13% of Choppies Enterprises Limited (“Choppies”), a leading Southern African grocery retailer. This transaction is believed to be the …
Read more »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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@deginvest_DE suscribes to bond issued by #HeliosTowers. Read more: https://t.co/57qJu6bhi8
Majority of recorded #VC deals (62%) between 2014-2019 had at least one VC fund manager involved, while 44% of reco… https://t.co/9NXleypzWr
@Proparco makes EUR30mn investment into @ActisLLP backed Douala Grand Mall. Read more: https://t.co/JfoGNzWgV8
@IFC_org provides Zenith Bank with US$100mn loan to support Nigerian SMEs. Read more: https://t.co/ON6U7P2kOb
Nearly one third (32%) of the total reported number of early stage investments in Africa between 2014-2019 were see… https://t.co/7JgWE9seBZ
