2016

DOB Equity invests in Countryside Dairy

15 December 2016

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

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Synergy Capital Managers invests in MSY Analytics Group

02 December 2016

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

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LeapFrog acquires a majority stake in GoodLife Pharmacy

24 November 2016

LeapFrog Investments, a leading specialist investor in emerging markets, today announced its acquisition of a US$22mn majority stake in Kenya’s GoodLife Pharmacy, the largest direct investment in the East African retail pharmacy sector to date. LeapFrog …

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Catalyst Principal Partners exits GoodLife Pharmacy

23 November 2016

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

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Adenia Partners launches fourth fund and holds first close

10 November 2016

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

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Flint Atlantic invests in Africa Healthcare Network

10 November 2016

Flint Atlantic Capital Partners (Flint Atlantic), a Nigerian based healthcare impact investment firm, has announced an investment into Africa Healthcare Network (AHN), the largest dialysis and kidney care services chain in Rwanda. The investment was made …

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Capria Accelerator Fund closes at US$5.2mn

02 November 2016

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

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AfricInvest exits Tunisian seeds firm

01 November 2016

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

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Cauris Management makes two exits

21 October 2016

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

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

14 October 2016

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

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Abraaj acquires stake in Sub-Saharan African urea fertiliser manufacturer

13 October 2016

The Abraaj Group (Abraaj or the Group), a leading investor operating in global growth markets, today announced that it has acquired a minority stake in Indorama Fertilizers B.V. (Indorama Fertilizers), the largest urea fertilizer manufacturer in Sub-Sahar…

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Synergy Capital Managers invests in Ghanaian multiproduct company

12 October 2016

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

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Mediterrania Capital Partners invests in Moroccan university

12 October 2016

Mediterrania Capital Partners, the regional Private Equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, announces the acquisition through its second fund, Mediterrania Capital II, of a stake in Université P…

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Catalyst Principal Partners acquires stake in Tanzanian pharmaceutical manufacturer

10 October 2016

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

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Investec acquires stake in off-grid solar home system company

04 October 2016

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

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DEG invests EUR10mn in clean energy fund

04 October 2016

To promote private-sector investments in clean energy in Jordan and the MENA region, DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, invests in Catalyst MENA Clean Energy Fund L.P. (Catalyst). Catalyst makes investments in renewable energy …

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DPI acquires stake in Général Emballage, an Algerian packaging business

30 September 2016

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

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AfricInvest exits Algerian packaging firm

29 September 2016

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

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Carlyle acquires South African clothing and promotional products supplier

28 September 2016

Global Alternative Asset Manager, The Carlyle Group (Carlyle), today announced that it has agreed to acquire a majority share of Amrod, a fast-growing supplier of promotional products and clothing, serving distributors in South Africa and neighbouring cou…

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Proparco invests in Sub-Saharan African insurance company

26 September 2016

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

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Adenia Partners invests in leading power services company in Ivory Coast

23 September 2016

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

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Oasis Capital achieves first close at US$27mn

22 September 2016

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

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AfricInvest makes first two investments with Siparex (French Press Release)

22 September 2016

Lancé en juillet 2016, le fonds de Co-Localisation Franco-Tunisien (FCFT) géré par Siparex et AfricInvest, destiné à développer le partenariat économique entre la France et la Tunisie, réalise deux premières opérations, en investissant dans le groupe MAS,…

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Helios signs US$115.8mn deal with Oando PLC

22 September 2016

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

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DPI invests US$100mn in Atlantic Business International

13 September 2016

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

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ACA closes US$570mn private equity fund

06 September 2016

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

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Actis invests in Medis, acquiring Africinvest stake

02 September 2016

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

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DOB Equity invests in Kenyan tech-enabled food wholesaler

30 August 2016

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

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IFC, Omidyar, Quona and Lundin Foundation invest in Zoona

22 August 2016

African financial technology company Zoona has successfully raised US$15mn (ZAR200mn) in a second round of financing. This Series B round is led by the International Finance Corporation (IFC), a member of the World Bank Group, and will help Zoona scale up…

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8 Miles invests in Beloxxi

19 August 2016

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

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ACA invests in leading Nigerian biscuit company

19 August 2016

An investment consortium made up of African Capital Alliance (ACA), 8 Miles and Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG), has announced an investment in Beloxxi Industries Limited (‘Beloxxi’ or ‘the Company’), a market leading Nigerian…

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DEG invests in Nigerian food producer

19 August 2016

Deutsche Investitions- und Entwicklungsgesellschaft mbh (DEG) announced an investment in the Nigerian Beloxxi Industries Ltd. (Beloxxi) with around US$10mn, with which the biscuit manufacturer plans to expand its production. Further investors are the inve…

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Sahel Capital in Dayntee Farms deal

02 August 2016

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

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AFC fuels expansion at New Age with new investment

22 July 2016

Africa Finance Corporation (AFC) has announced that it is acting as lead arranger for an up to US$425mn senior mezzanine facility for New Age (African Global Energy) Limited (New Age), a privately held oil and gas exploration, development, and production …

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DPI invests in household appliances firm, B.TECH

21 July 2016

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

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GEPF injects ZAR10.5bn financing towards affordable housing for government employees

18 July 2016

The Government Employees Pension Fund (GEPF,) through its investment manager Public Investment Corporation (PIC), has announced an investment commitment of ZAR10.5bn into SA Home Loans (SAHL) to facilitate housing financing for qualifying government emplo…

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LeapFrog companies reveal new model of growth, creating 102,000 jobs

14 July 2016

LeapFrog Investments today announced that its portfolio companies now employ 102,438 people in Asia, Africa and Latin America. “Nothing sustains a family more than a secure job. Each job typically supports a family of five in our focus countries, while b…

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CDC makes new investment in Africa Internet Group

13 July 2016

CDC, the UK’s development finance institution, announced a EUR50mn equity investment in Africa Internet Group (AIG). AIG is the parent company of Jumia, Africa’s leading e-commerce firm, as well as nine other online consumer businesses operating in 23 cou…

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Successful subsequent commitments for Metier Capital Growth Fund II

07 July 2016

Metier Capital Growth Fund II completed further closings to June 2016, raising in excess of ZAR2.5bn, with further commitments expected by final closing. The fund is the successor fund to the Capital Growth Fund of 2006/7 which invested in eight portfoli…

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AIIM concludes successful SAIF sale

05 July 2016

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

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Alitheia Identity secures additional funding from US-based investor and accelerator, Capria

29 June 2016

Alitheia Identity Managers (Alitheia Identity) announced a partnership with Capria Ventures (Capria), a global impact investment firm that works with local fund managers to accelerate the flow of capital in emerging markets. Female entrepreneurs, women-le…

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Actis' Lekela commits to funding Taiba Ndiaye Wind Project

28 June 2016

Lekela Power, a joint venture between leading growth markets investor, Actis (US$6.3bn funds under management) and global renewable energy developer, Mainstream Renewable Power (over 10,000 MW in development, construction and operations) announced the acq…

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Denham Capital to finance GreenWish Partners' renewable energy portfolio expansion

28 June 2016

Denham Capital, a leading global energy-focused private equity firm, and GreenWish Partners, a renewable energy investment company dedicated to sub-Saharan Africa, today announced a partnership to develop, build and finance a portfolio of 600 megawatts (M…

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GEPF sells 24% Pareto stake to Belelani Capital

23 June 2016

Pareto Limited and Business Venture Investments No. 1360 (Proprietary) Limited (Pareto) announced the successful conclusion of an equity raising transaction with Belelani Capital, a Broad Based Black Economic Empowerment (BEE) company. The subscription by…

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Injaro invests in Gold Coast Fruits

22 June 2016

Injaro Agricultural Capital Holdings Limited (IACHL), the impact investment fund managed by Injaro Investments, announces an investment in Ghana’s pineapple sector. IACHL, through its Ghanaian subsidiary Injaro Agricultural Venture Capital Limited (IAVCL)…

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Helios closes sale of HTN Towers to IHS

21 June 2016

Helios Investment Partners (acting on behalf of Helios Investors, L.P.) and including The Pembani Group, First City Monument Bank and IFC, announced the completion of the sale of HTN Towers (“HTN”), the pioneer of tower infrastructure sharing in Africa, t…

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Helios acquires majority stake in Telkom Kenya

21 June 2016

UK private equity firm, Helios Investment Partners, announced the acquisition of a 60% shareholding in Telkom Kenya by Jamhuri Holdings Limited (JHL), a company owned 100% by HeIios Investors III, L.P. (a fund advised by Helios Investment Partners LLP) fo…

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Old Mutual Alternative Investments makes ZAR380mn affordable education investment deal

21 June 2016

Barnstone Education and the Schools and Education Investment Impact Fund South Africa (an initiative established for the provision of low fee independent schools and managed by Old Mutual Alternative Investments) have announced an additional investment as…

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Mediterrania Capital Partners invests in MedTech Group, the no.1 IT business solutions provider in Morocco

07 June 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 MedTech Grou…

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Actis raises over US$500mn for new African real estate fund

03 June 2016

Actis, a leading growth markets investor, has announced that it has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (“ARE3”) with commitments totalling more than US$500mn, comfortably exceeding it…

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Actis invests in Mundiapolis University

26 May 2016

Actis has invested in Mundiapolis University (Mundiapolis), a top ranking private university in Morocco, as a bolt-on acquisition to its investment in Emerging Markets Knowledge Holdings. Actis is investing in Mundiapolis to support an ambitious developme…

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The Carlyle Group invests in Mazarine Energy

25 May 2016

The Carlyle Group announced an investment in Mazarine Energy B.V., an upstream oil and gas company with existing assets in Tunisia. Carlyle will also grant Mazarine Energy access to an equity line of up to US$500mn to fund future bolt-on acquisitions, foc…

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IFC backs African real estate company, Growthpoint Investec

19 May 2016

IFC, a member of the World Bank Group, today announced an investment commitment of US$40mn in equity to Growthpoint Investec African Properties Limited, a property investment holding company led by Investec Asset Management and Growthpoint Properties. It …

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CDC Group invests in East Africa's ARM Cement

10 May 2016

CDC Group plc (CDC), the UK’s development finance institution, has announced a new US$140mn investment designed to boost the local supply of cement in East Africa and promote infrastructure development. CDC is investing in ARM Cement Limited (“ARM”), a p…

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The Abraaj Group exits Unimed via an IPO on the Tunis Stock Exchange

04 May 2016

The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced that it has successfully exited its investment in leading Tunisian pharmaceutical company Unité de fabrication de médicaments (‘Unimed’ or t…

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Adenia Partners invests in leading pharmaceutical distributor in Madagascar

03 May 2016

Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, has backed Opham, the leading pharmaceutical products wholesaler in Madagascar. Opham distributes more than 4,500 specialty and gener…

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CDC Group acquires 10.7% stake in I&M Holdings Ltd

27 April 2016

CDC Group plc (CDC), the UK’s development finance institution, has announced it will take a 10.68 per cent equity stake in the Nairobi-headquartered banking group I&M Holdings (IMHL). The investment underlines CDC’s commitment to supporting lending to…

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8 Miles investment in Ethiopian agribusiness

27 April 2016

8 Miles LLP, the pan-African Private Equity firm announced an investment in Verde Beef Processing PLC, an Ethiopian agribusiness that specialises in producing premium beef in Adami Tulu, Oromia in Ethiopia. The investment of new money will give 8 Miles a …

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Mediterrania Capital Partners invests in Cieptal Cars

27 April 2016

Mediterrania Capital Partners, the regional private equity firm focusing on growth investments for SMEs in North Africa and Sub-Saharan countries, announces the acquisition of a 43% stake in Cieptal Cars through its second fund Mediterrania Capital II (“M…

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Mediterrania Capital Partners enters the retail clothing business in the Maghreb region

27 April 2016

Mediterrania Capital Partners, the regional private equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, announces the acquisition through its second fund (“MC II”) and alongside Euromena III (the latest of …

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Catalyst Principal Partners announces investment in Kenya-based Orbit Chemical Industries

25 April 2016

East Africa focused private equity firm Catalyst Principal Partners has announced its investment in Orbit Chemical Industries Ltd. The investment enables Orbit Chemical’s ambitious expansion plans by increasing capacity of its existing lines, extending it…

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Kibo Capital makes investment in General Cargo Group, Kenya

18 April 2016

Kibo Capital Partners, a manager of regional private equity funds, announced today an investment in General Cargo Group, a leading provider of logistics services in Kenya by Kibo Fund II. Kibo has partnered with Velogic, a Mauritius based regional logisti…

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PCM Capital backs Surfline Communications

12 April 2016

PCM Capital Partners has announced a EUR5mn equity investment by its maiden fund the West Africa Emerging Markets Growth Fund (WAEMGF) in Surfline Communications Limited (Surfline). Surfline is the leading provider of 4G LTE data and other related service…

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Helios completes Crown Agents deal

31 March 2016

Helios, the pan-African investment firm, is set to deliver a postcolonial turnround with a deal for key divisions of Crown Agents — a company which was once a pillar of the British empire. The deal for Crown Agents Bank and its sister asset management co…

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AfricInvest invests in Outsourcia

30 March 2016

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce that its Maghreb Private Equity Fund III has invested in Outsourcia Group (“Outsourcia”), a Moroccan leadingcontact center and business process outsourcing (BPO…

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Synergy Capital completes investment in Suburban Fiber Company Limited

24 March 2016

Synergy Capital Managers (Synergy) has announced the completion of its investment in Suburban Fiber Company Limited (Suburban), a Next Generation Broadband company focused on delivering home content solutions to retail end customers in Abuja and Lagos. Th…

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AfDB backs Abraaj's Growth Markets Health Fund

24 March 2016

The Board of Directors of the African Development Bank (AfDB) has approved a US$25mn equity investment in the Abraaj Growth Markets Health (Africa) Fund (the “Fund”), the Africa focused parallel partnership of the Abraaj Growth Markets Health Fund. This c…

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Africinvest invests in MicroKing Finance (Private) Ltd

23 March 2016

Microcred Group (Microcred) and AfricInvest Financial Sector Fund (AfricInvest) are pleased to announcethey have reached an agreement to acquire a 100% ownership stake in MicroKing Finance (Private)Limited (MicroKing), a leading provider of microfinance p…

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Charles Russell Speechlys advises management on the sale of Emerging Markets Payments

23 March 2016

Charles Russell Speechlys (CRS) has acted as legal adviser to the management team of Emerging Markets Payments (EMP), the leading Africa and Middle East payments business, on the sale of EMP by Actis to Network International. Actis is the private equity f…

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Abraaj Group launches energy development arm dedicated to global growth markets

16 March 2016

The Abraaj Group (“Abraaj”), a leading investor operating in global growth markets, today announced the formation of a dedicated project development arm to further extend its investment capabilities in the energy infrastructure space. As a member of The A…

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Agri-Vie founders & STANLIB announce launch of independent private equity business - EXEO Capital

16 March 2016

The founders of Agri-Vie Investment Fund, the African private equity fund focused on the food and agribusiness sector, and pan-African asset manager STANLIB, are proud to announce the formation of EXEO Capital - an Africa-focused private equity partnershi…

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AfricInvest invests in Silafrica Plastics and Packaging International Limited

10 March 2016

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce that itsAfricInvest Fund III has invested in Silafrica Plastics and Packaging International Limited (“Silafrica”), theleading East African plastics and packagin…

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Helios Investment Partners agrees sale of HTN Towers

10 March 2016

Acting on behalf of funds to which it is advisor, Helios Investment Partners (“Helios”) today announced it has agreed the sale of HTN Towers (“HTN”), the pioneer tower company in Nigeria, to IHS Towers (“IHS”), the largest telecommunications infrastructur…

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Qalaa holdings closes sale of Tanmeyah Microenterprise Services

07 March 2016

Qalaa Holdings (CCAP.CA on the Egyptian Exchange), an African leader in energy and infrastructure, announced today that its business unit Finance Unlimited has finalized the sale of its entire holding in subsidiary Tanmeyah Microenterprise Services, Egypt…

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Actis agrees to sell Emerging Markets Payments

03 March 2016

Actis, a leading growth markets investor, today confirmed an agreement to sell Emerging Markets Payments (‘EMP’), the leading Africa and Middle East payments business, to Network International. The transaction is subject to regulatory approvals.Actis esta…

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Old Mutual Private Equity buys stake in leisure and sports retailer

24 February 2016

Old Mutual Private Equity (OMPE), a division within Old Mutual Alternative Investments, has bought a 70% stake in MoreCorp, best known as the owner of The Pro Shop, World of Golf, Playmoregolf and Cycle Lab. Additional shareholders include MoreCorp co-fou…

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Africa Finance Corporation increases stake in Cabeólica Wind Farm

22 February 2016

Africa Finance Corporation (AFC) has completed the purchase of InfraCo Africa’s stake in the Cabeólica Wind Farm. The deal follows the share purchase agreement signed on 6 May 2015 in which AFC agreed to purchase InfraCo Africa’s remaining stake in the pr…

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Enko Capital Managers achieves final close of its Pan-African PE Fund at US$83.25mn

22 February 2016

Enko Capital Managers is pleased to announce it has successfully reached a US$83.25 million final close of its Pan-African fund, the Enko Africa Private Equity Fund (EAPEF). Significant second close investors included Proparco, through its FISEA window, a…

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IFC invests in Indorama Eleme Fertilizer Company

19 February 2016

IFC, a member of the World Bank Group, today announced an investment in Nigeria-based Indorama Eleme Fertilizer Company to support the expansion of the country’s largest fertilizer production facility. The investment will contribute to improved farm yield…

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Synergy Capital completes investment in Africa Terminals

18 February 2016

Synergy Capital  is pleased to announce the completion of the investment in Africa Terminals Limited, a spin off from DuPort Marine, a trading logistics and maritime company with over eight years’ experience operating in the Nigerian downstream segment. …

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ACA invests in Continental Reinsurance PLC

18 February 2016

ACA today announced its investment in Continental Reinsurance Plc, a private pan-African reinsurer. Continental Reinsurance was founded in 1985 and started operations as a private reinsurance company in Nigeria. Over the past 31 years the company has exp…

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Investec successfully closes 2nd Africa PE fund

12 February 2016

Investec Asset Management has successfully closed its sophomore fund, the Investec Africa Private Equity Fund 2 (IAPEF 2) at US$295mn. The investor base includes pension funds, endowments, fund of funds and development finance insti…

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AfricInvest and Siparex announce first closing of “Fonds de Co-Localisation Franco-Tunisien” (FCFT)

12 February 2016

12th February, 2016 - AfricInvest and Siparex are pleased to announce the first closing of the “Fonds de Co-Localisation Franco-Tunisien” (FCFT), promoted and equally subscribed by French and Tunisian state investors - Bpifrance (France) and Caisse des Dé…

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Amethis completes capital increase in PetroIvoire

11 February 2016

Amethis Finance (Amethis)  is pleased to announce that it has completed, together with the two other main shareholders of the company, WAEMGF and the Kadio-Morokro family, a capital increase of PetroIvoire. Amethis and WAEMGF will also appoint additional …

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Verod’s Fund II exceeds target size

28 January 2016

Verod Capital is pleased to announce the final close of Verod Capital Growth Fund II (“Verod Fund II”) at $115mn, exceeding its original target of $100mn. Verod Fund II is supported by a diverse group of prominent global investors and includes a mix of fu…

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Old Mutual Private Equity backs In2food

28 January 2016

Cape Town, South Africa, 13 January 2016: Old Mutual Private Equity (OMPE), a division within Old Mutual Alternative Investments, has announced that it has acquired a significant minority stake in In2food, a leading convenience food manufacturing business…

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LeapFrog invests in Ghana’s UT Life

27 January 2016

LeapFrog Investments (“LeapFrog”), a specialist investor in emerging markets on Wednesday announced that LeapFrog has acquired a majority stake in UT Life Insurance Company Ltd (“UT Life”), one of the key players in the life insurance sector in Ghana. Thi…

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PCM Capital Partners backs First Atlantic Bank Ghana

26 January 2016

The West Africa Emerging Markets Growth Fund ("WAEMGF") has announced an investment in Ghana’s First Atlantic Bank Ghana Limited (FABL). The investment was made through AA Global Investments Limited (AAGIL), a Mauritius registered Special Purpose Vehicle …

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LeapFrog launches US$350mn investment partnership

21 January 2016

Prudential Financial, Inc. (NYSE: PRU) and LeapFrog Investments announced today the launch of a US$350 million investment partnership to access high-growth markets in Africa. Managed by LeapFrog, the new investment vehicle will target investments in life …

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Abraaj Group invests in Tunisia's Société d’Articles Hygiéniques

18 January 2016

Tunis, Tunisia, 18 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 stake in Société d’Articles Hyg…

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Kibo Capital Partners reaches final close at US$58mn

18 January 2016

Kibo Capital Partners, a provider of growth capital in East Africa, Southern Africa and the Indian Ocean islands, today announced the second close of its Kibo Fund II. The total fund size increased to about US$58 million with investors including Nile Hold…

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Mediterrania Capital Partners fully exits CEPRO

14 January 2016

Mediterrania Capital Partners, the regional Private Equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, announces a full exit of Cepro ("Cellulose Processing"), a manufacturer and distributor of baby diapers and …

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Abraaj Group acquires significant minority stake in CEPRO

11 January 2016

The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced the acquisition, through its second generation North Africa Fund (‘ANAF II’), of a significant minority stake in Cellulose Processing (‘CEPRO’ or t…

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IFC invests in Hygeia Nigeria Limited

07 January 2016

Lagos, Nigeria, January 7, 2016 – IFC, a member of the World Bank Group; together with IFHA-II Cooperatief, a private equity fund focused on investing in the healthcare sector in Sub-Saharan Africa; Swiss Re, the reinsurance company; and CIEL Healthcare A…

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Old Mutual acquires 100% of AIIM

25 November 2015

Cape Town, South Africa, 25 November 2015: Old Mutual Alternative Investments (OMAI), a boutique of Old Mutual Investment Group, has announced an agreement to acquire the 50% of African Infrastructure Investment Managers (AIIM) that it does not already ow…

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