2017

DOB Equity sells shares in Joseph Initiative

12 September 2017

Agilis Partners acquires majority stake in The Joseph Initiative, a leading grain management and merchandising company in Uganda Management Buy Out is one of the first in Uganda New capital structure will enhance the company’s growth prospects in a se…

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Amethis acquires minority stake in Sodigaz, Burkina Faso

04 September 2017

Amethis is happy to announce the acquisition of a minority stake in the Sodigaz Group, leader in the distribution of LPG bottled gas in Burkina Faso. This transaction was concluded via Amethis West Africa, its investment vehicle dedicated to West Africa. …

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

30 August 2017

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

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Latham & Watkins advises on Inspired investment

23 August 2017

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

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Convergence Partners exits Dimension Data

27 July 2017

Convergence Partners Investments (Convergence Partners) - an investment firm focused on the TMT sector in Africa - has exited its investment in specialist IT services and solutions company, Dimension Data Middle East & Africa (DiData). Convergence Pa…

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XSML invests in Ugandan coffee exporter

27 July 2017

XSML, the fund manager active in Central & East Africa, announced its second investment in Uganda in Qualicoff, an exporter of Ugandan coffee beans. Qualicoff exports high quality green beans to specialty roasters in Europe and the UAE. Qualicoff bu…

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Helios acquires African fertilisers and inputs operations from Louis Dreyfus Company

24 July 2017

Helios Investment Partners (Helios), the leading Africa-focused private investment firm, has today announced the acquisition of 100% of Fertilizers and Inputs Holding B.V. (the Company), which holds Louis Dreyfus Company’s (LDC) Africa-based fertilizers a…

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Verod invests in Greensprings Educational Services

24 July 2017

Verod Capital Management (Verod), a leading West African private equity firm, has entered into an agreement to acquire a significant minority stake in Greensprings Educational Services Ltd (Greensprings). The investment will be made through Oreon Educatio…

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Emerging Capital Partners exits Java House Group

07 July 2017

Pan-African private equity firm Emerging Capital Partners (ECP) has announced that it has entered a definitive agreement to sell its 90% share ownership of the Java House Group, East Africa’s leading casual dining chain, to The Abraaj Group. Java House G…

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XSML invests in Monishop, Congo-Kinshasa

07 July 2017

XSML, the fund manager active in Central & East Africa, announced its investment in Monishop sarl (Monishop), a well-known supermarket in Kinshasa, DRC. Since inception Monishop has grown to become the leading supermarket in Kinshasa in terms of produ…

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Yeelen Financial Fund launches with EUR30mn

07 July 2017

Yeelen Capital initiated by Cauris Management, has achieved subscriptions in excess of EUR30mn for Yeelen Financial Fund L.P., its private equity fund dedicated to the financial sector, at the end of an initial closing held today. Yeelen Financial Fund L…

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EXEO Capital exits from Fairfield Dairy

03 July 2017

Agri-Vie Fund I, the Africa Food and Agribusiness Investment Fund managed by the pan-African private equity investment firm, EXEO Capital, has announced its exit from one of South Africa’s most respected value-added dairy companies, Fairfield Dairy, con…

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The Abraaj Group to acquire Java House from ECP

03 July 2017

The Abraaj Group (Abraaj or the Group), a leading investor operating in growth markets, announced today it has entered into a definitive agreement to purchase, through its Funds, 100% of Java House Group (Java House or the Company), East Africa’s leading …

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Kibo Capital invests in Blowplast Limited

02 July 2017

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

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LeapFrog invests US$180mn in Enterprise Group

26 June 2017

LeapFrog Investments, the profit-with-purpose investor in emerging markets, today announces a total investment of US$180mn in Ghanaian financial services market leader, Enterprise Group Limited (Enterprise Group). The transaction draws from a US$350mn sep…

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

26 June 2017

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

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Sahel Capital closes FAFIN at US$65.9mn

19 June 2017

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

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XSML invests in Maison Galaxy, Congo-Kinshasa

16 June 2017

Today, XSML, the fund manager active in Central & East Africa, announced its investment in Maison Galaxy sarl (Galaxy), a retail chain based in Kinshasa, DRC, known for its Shaina and Galaxy branded stores. Galaxy has been successful in tapping into t…

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AIIM acquires 44% stake in Mali Energy Farm

13 June 2017

African Infrastructure Investment Managers (AIIM), the continent’s most experienced equity investor in African infrastructure, through its AIIF3 fund, has acquired a 44% stake in Albatros Energy Mali. Albatros Energy Mali will build, own, operate and tran…

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AfricInvest invests in International Community School, Ghana

06 June 2017

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

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Catalyst acquires strategic interest in Kensta Group

31 May 2017

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

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Adenia successfully closes fourth fund at EUR230mn

26 May 2017

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

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XSML announces first investment in Uganda in consumer goods wholesaler

23 May 2017

Today, XSML, the fund manager active in Central & East Africa, announced its first investment in Uganda in KARE Distribution (KARE), a distributor and wholesaler of essential consumer goods based in Uganda. As a distributor, KARE helps locally manufa…

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Convergence Partners backs pan-African wholesale broadband provider, CSquared

18 May 2017

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

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IFC Invest in CSquared to Improve Broadband in Africa

17 May 2017

International Finance Corporation (IFC), a member of the World Bank Group, Google Inc., Convergence Partners, and Mitsui & Co. have agreed to invest up to US$100 million in CSquared, a partnership focused on deploying wholesale, carrier-neutral, open-…

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Synergy Capital Managers invests in Dimension Data

17 May 2017

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

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

15 May 2017

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

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DOB Equity backs Africa Logistics Properties Holding

10 May 2017

DOB Equity, a leading Dutch family office, will invest up to US$4mn in Africa Logistics Properties Holding (ALP), a developer and manager of modern grade-A warehousing in Kenya, to allow the firm to build warehousing developments and expand its operations…

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Catalyst acquires Britania biscuits

08 May 2017

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

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Helios forms partnership with GBFoods

02 May 2017

GBfoods S.A. (GBfoods), a leading multinational food company headquartered in Barcelona, has partnered with Helios Investment Partners (Helios), a premier Africa-focused private investment firm, to create one of Africa’s largest Fast Moving Consumer Goods…

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Oasis Capital Ghana invests in Everpure Holdings

28 April 2017

Oasis Capital Ghana, managers for Ebankese Venture Fund (EVF) and Oasis Africa VC Fund (OAF), are pleased to announce their investment in Everpure Holdings Ltd (Everpure), a water bottling company operating in Ghana. The investment was made out of OAF, an…

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Investec exits from SA Taxi

25 April 2017

Investec Asset Management (IAM) has successfully completed an exit from its mezzanine investment in SA Taxi, the first financial services provider to focus solely on the taxi industry in South Africa. IAM invested in March 2011 through its first African …

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Catalyst acquires stake in Kensta Group

24 April 2017

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

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8 Miles acquires 20% stake in Blue Skies

13 April 2017

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

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Investec Asset Management invests in SJL Group

11 April 2017

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

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Synergy Capital Managers invests in Northstar

11 April 2017

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

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AfricInvest exits SJL

10 April 2017

AfricInvest, a leading pan-African SME-focused private equity firm with more than US$1bn under management, and Mediterrania Capital Partners (MCP), a regional private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan count…

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Mediterrania Capital Partners exits Grupo San Jose & Lopez

10 April 2017

Mediterrania Capital Partners, a regional private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, and AfricInvest, a leading pan- African SME-focused private equity firm with more than US$1bn under management,…

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Actis exits Edita Food Industries

07 April 2017

Actis, a leading growth markets investor, has announced the sale of its remaining 7.5% stake in Edita Food Industries (Edita) to 42 blue-chip international investors from the USA, UK, Germany, South Africa, and the UAE through an accelerated book build on…

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Kibo Capital invests in Rwandan bank

06 April 2017

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

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Ascent Capital invests in Kisumu Concrete Products

16 March 2017

Kisumu Concrete Products Limited (KCP), a construction materials manufacturer, has today announced the completion of an investment deal with Ascent Rift Valley Fund, making it the first company to attract Private Equity funding in Kisumu County and the la…

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Sahel Capital invests in Crest Agro Products

13 March 2017

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

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Uganda’s Sindila hydropower project, led by Metier, commences construction

21 February 2017

The shareholders of the Sindila hydropower project are pleased to announce that the 5.25MW run of river project achieved financial close on 30 January 2017 and has commenced construction. The project benefits from a 20-year power purchase agreement with t…

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Amethis and Metier acquire significant minority stake in Kenafric

20 February 2017

Amethis Finance and Metier are pleased to announce their partnership with Kenafric Industries (Kenafric), in the acquisition of a significant minority stake in their packaged food business. The Kenafric Group was founded in 1987 by Velji Punja Shah a…

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Injaro sells stake in Burkina Faso seed producer

16 February 2017

Injaro Investments, the manager of the agricultural impact fund IACHL, announces the sale of its 30% stake in seed producer NAFASO SA to the founders and other shareholders. This share sale represents a full exit from Nafaso after a holding period of just…

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DPI exits from Ghanaian Bank

10 February 2017

Development Partners International (DPI), a leading Africa-focused private equity firm with US$1.1bn in assets under management, is pleased to announce that its African Development Partners I (ADP I) Fund has successfully sold its 27.7% shareholding in CA…

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AIIM acquires majority stake in DSM Corridor Group

02 February 2017

African Infrastructure Investment Managers (AIIM), a leading African infrastructure equity investment manager and member of Old Mutual Alternative Investments (OMAI), has announced the successful acquisition of a 60% effective interest in DSM Corridor Gro…

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

01 February 2017

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

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Pearl Capital Partners reaches first close for Uganda fund

25 January 2017

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

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Carlyle to acquire majority stake in credit rating agency

18 January 2017

Global Alternative Asset Manager The Carlyle Group (Carlyle) today announced that it has agreed to acquire a significant stake in Africa’s largest credit rating agency GCR from the management founders, and German development financial institution DEG.  Fo…

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Actis sells stake in Umeme

16 January 2017

Actis, a leading growth markets investor, today announced a full exit of its remaining 14.3% stake in Uganda’s principal electricity distribution and supply business, Umeme Ltd, via the Ugandan and Kenyan capital markets. Actis originally invested in Ume…

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AfricInvest and Bpifrance launch French African Fund

16 January 2017

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

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AfricInvest invests in Azalaï Hotels SA

03 January 2017

AfricInvest III LLC, a fund managed by AfricInvest Group has completed a EUR17.3mn equity investment in Azalaï Hotels SA, the holding company of one of the main Pan-African hospitality groups in the ECOWAS region with nine hotels representing a total capa…

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RT @tracyhan59: @PMNdiaye speaking at the Investing in Africa Forum, focusing on China-Africa: regulatory framework, predictable monetary p…

RT @Abi_Mustapha: Looking forward to connecting with @AVCA_Africa friends this Thursday, at the Lagos Motor Boat Club! https://t.co/87Ht9Ir

#AfriSpective Thursday: Nigeria’s FX Window - Boosting investors’ renewed confidence? - @uubolaw #AVCABlog |… https://t.co/YfAPE5hvmo

RT @abraajgroup: Future of sustainable development? Watch Arif Naqvi, @PaulPolman, @AnandMahindra & global CEOs discuss #BloombergGBF https…

RT @EAVCA: EAVCA Training | Exits Preparation Workshop | 3 Oct | Nairobi ... #Exits #Tech #AfricaTech #VentureCapital #PrivateEquity https…