2014

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

23 December 2014

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

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

22 December 2014

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

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

19 December 2014

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

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The Abraaj Group invests in Algerian logistics company, FBA

17 December 2014

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

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CDC backs African renewable energy with US$20m investment

17 December 2014

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

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CDC publishes guidance for investors on preventing serious accidents and fatalities

17 December 2014

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

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

11 December 2014

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

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

08 December 2014

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

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

03 December 2014

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

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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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ADC successfully exits Resolution Health East Africa Limited

20 November 2014

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

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

19 November 2014

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

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

07 November 2014

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

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ACA invests in Filmhouse Cinemas and Film One

01 November 2014

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

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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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Closing of Africinvest III at Euro 154 million

15 October 2014

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

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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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LeapFrog Investments sells stake in Kenyan insurer Apollo to Swiss Re

08 October 2014

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

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

06 October 2014

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

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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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Catalyst Principal Partners Invests in Leading Pharmacy Retail Chain

08 September 2014

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

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

29 August 2014

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

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

29 August 2014

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

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The 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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WAEMGF invests USD 5 million in LeasAfric Ghana Limited

27 June 2014

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

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

19 June 2014

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

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

19 June 2014

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

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

19 June 2014

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

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

16 June 2014

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

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

13 June 2014

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

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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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DEG: Investment opportunities in Africa

12 June 2014

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

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

11 June 2014

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

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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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Helios Investment Partners invests in ARM Pensions

02 June 2014

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

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

19 May 2014

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

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

19 May 2014

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

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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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ECP’s Central Africa Growth Sicar exits Oragroup

12 May 2014

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

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

01 May 2014

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

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ECP’s portfolio company IHS continues expansion with additional fundraise

30 April 2014

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

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

16 April 2014

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

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

16 April 2014

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

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AfricInvest Group achieves third closing of its AfricInvest Financial Sector Fund

07 April 2014

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

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

02 April 2014

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

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

01 April 2014

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

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Swicorp lists Sotipapier on the Tunis Stock Exchange

31 March 2014

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

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

26 March 2014

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

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Fusion Capital acquires stake in Kenyan Bank, REMU Microfinance Bank

25 March 2014

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

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

24 March 2014

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

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

19 March 2014

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

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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 growth consumer market London and Algiers, 14 March 2014: Emer…

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

03 March 2014

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

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

26 February 2014

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

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

09 February 2014

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

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

29 January 2014

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

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

23 January 2014

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

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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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XSML invests in Congolese cuisine Inzia

23 January 2014

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

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

23 January 2014

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

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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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