2019

Verod Capital Exits Rotoprint Limited

14 May 2019

Verod Capital Management Limited (Verod) is pleased to announce that it has completed a full exit of its ownership of Rotoprint Limited (Rotoprint), a flexible packaging company based in Nigeria. Rotoprint is a leading vertically integrated supplier of f…

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Investec Asset Management portfolio company wiGroup completes follow-on equity financing round

10 May 2019

Investec Asset Management portfolio company wiGroup, a leader in mobile-transacting software, has completed a follow-on growth equity round. All of wiGroup’s institutional investors – Crossfin, Virgin Money, Smollan, and Investec Asset Management – have c…

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LeapFrog breaks impact investing record, with US$700mn emerging markets fund

10 May 2019

LeapFrog Investments has announced the largest-ever private equity fund by a dedicated impact fund manager, surging past its US$600mn target to reach US$700mn. The new fund invests in healthcare and financial services companies – tapping into the demand f…

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DOB Equity expands FMCG exposure by investment in drinking water provider Jibu Tanzania

07 May 2019

Jibu Tanzania is part of the Jibu Global network, a social venture founded in 2012 and active in 5 African countries DOB Equity’s investment in Jibu Tanzania aims for the rapid expansion of a replicable distribution model in major cities across T…

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Mediterrania Capital Partners sells significant stake in Cash Plus

02 May 2019

Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, is pleased to announce the sale of a significant stake in Cash Plus, the largest independent money transfer company in M…

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Kasada Capital Management raises over US$500mn for new hospitality fund dedicated to Sub-Saharan Africa

26 April 2019

Sub-Saharan hospitality investment platform Kasada Capital Management has reached a first close on its maiden fund Kasada Hospitality Fund LP with equity commitments of over USD 500 million. This is in line with a first announcement disclosed in July 2018…

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Adenia Partners sells leading dairy company in Madagascar

26 April 2019

Adenia Partners, a private equity fund manager focused on control investments in Sub-Saharan Africa, has exited its investment in Socolait, the leading dairy producer and distributor in Madagascar. Adenia Partners, through Adenia Capital (II) and Adenia C…

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AfricInvest’s permanent vehicle FIVE achieves its fourth close bringing AfDB as investor

26 April 2019

AfricInvest, a leading pan-African private equity firm, today announced the fourth close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE aims to improve access to financial services for the g…

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DLA Piper Advises Phatisa on Meridian Exit

23 April 2019

DLA Piper has advised Phatisa, a leading African development and private equity fund manager, and other minority shareholders, on the sale of a controlling shareholding in Meridian Group (Meridian) to Ma’aden, the Saudi Arabian based mining and metals com…

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

22 April 2019

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

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AfricInvest and Cathay Innovation join forces to launch the leading Pan-African Venture Fund

10 April 2019

AfricInvest, a leading private equity firm in Africa with $1.5bn in assets under management, and Cathay Innovation, the global venture capital fund, created in affiliation with Cathay Capital Private Equity, are pleased to announce today their association…

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Building Prospects: enabling high impact for people

09 April 2019

New name and mandate for the Infrastructure Development Fund (IDF) The Dutch Ministry of Foreign Affairs renewed the mandate of FMO’s Infrastructure Development Fund (IDF) and topped the fund with EUR 100 mn.  A new strategy has been formulated as part o…

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Kudi Secures US$5mn Series A Raise led by Partech to accelerate the growth of its distributed banks agents in Nigeria

04 April 2019

Kudi, the Nigerian leader of digital payment and collection for the cash economy, raises a Series A led by Partech and joined by Michael Seibel (YC CEO). Existing investors Khosla Ventures and YC also participated. Kudi will leverage its Series A to grow …

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Oando PLC Announces Divestment of its Residual 25% Interest in Axxela Limited to Helios Investment Partners

04 April 2019

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, today announced that it has divested its residual 25% interest in Axxela Limited (held through Glove…

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Liquid Telecom has completed the agreement with CDC Group plc for the US$180mn investment into the Group

03 April 2019

Leading pan-African telecoms group Liquid Telecom, a subsidiary of Econet Global, today announces completion and receipt of an investment of US$180mn investment from CDC Group plc, the UK’s development finance institution. The investment will enable Liqu…

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EIB invests in Africa Industrialization Fund to support growth capital investments

01 April 2019

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

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IFC Invests in Leading Glass Manufacturer to Create Jobs, Boost Growth in Egypt

01 April 2019

IFC, a member of the World Bank Group, is providing up to US$100mn in financing to the Middle East Glass Manufacturing Company (MEG), Egypt’s leading maker of glass containers. The partnership is designed to support the firm’s capital expenditure program,…

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Britam anchors first south-south private equity fund in Africa

27 March 2019

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

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Kibo Capital Partners invests in Saviu Ventures

22 March 2019

Kibo Capital Partners (KCP) today announced an investment in Saviu Ventures Ltd, an investment company whose objective is to partner with promising technology companies in East and West Africa, driving growth through financial, managerial and strategic su…

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

21 March 2019

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

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Chocolate City Lounge “Portfolio Bolt-on” Investment

01 March 2019

Àrgentil Asset Management Limited has completed a follow-on investment in its portfolio company, Chocolate City Lounge (“CCX”) a Nigerian based restaurant and lounge to support the CCX brand expansion into the Lagos market. Àrgentil’s financing will supp…

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Oasis Capital Ghana Limited Invests in Sinel Specialist Hospital

25 February 2019

Tema Hospital Receives Investment for Growth Oasis Capital Ghana, managers of the Oasis Africa VC Fund (OAF), are pleased to announce their investment in Sinel Specialist Hospital (“Sinel”). Sinel is a Tema-based specialist hospital in Ghana that provide…

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CDG Capital Private Equity invests in SCE Chemicals

15 February 2019

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

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Inside Capital Partners announces its investment in the Latitude Hotels Group

15 February 2019

Lusaka, Zambia: Inside Capital Partners through its first fund, Inside Equity Fund specialised in financing regional expansion plans of SMEs in Southeast Africa, recently signed off a deal with the Latitude Hotels Group to finance its expansion. Inside wi…

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

06 February 2019

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

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

05 February 2019

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

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Amethis announces an intermediary closing of Amethis Fund II at EUR 305mn, above its original target

04 February 2019

Amethis, the investment fund manager dedicated to long-term responsible investments in Africa, is pleased to announce an intermediary closing of its second Pan-African fund, Amethis Fund II, which collected EUR 305mn from a broad range of investors in Eur…

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Partech announces the final closing of its Partech Africa fund above hard cap at EUR125mn

31 January 2019

Partech announces the final closing of its Partech Africa fund at €125 M ($143 M) above its hard cap and establishes East Africa presence. The Partech Africa Fund achieves a final closing at €125M, more than double the size of its first closing a year …

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CDC appoints Stephen Priestley as new Managing Director, Funds and Capital Partnerships

28 January 2019

CDC, the UK’s development financial institution, has today announced the appointment of Stephen Priestley as its new Managing Director, Funds and Capital Partnerships. Stephen starts his new role on 28 January and will report directly to Chief Executive N…

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

25 January 2019

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

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

25 January 2019

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

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CrossBoundary Mini-Grid Facility Announces First Close with The Rockefeller Foundation and Ceniarth

23 January 2019

Groundbreaking facility unlocking private capital for mini-grids in Africa, providing gridquality power to rural households and businesses First close on initial US$16m facility to provide power to 170,000 people Project finance solution key to unlo…

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CDC Group backs TheBoardroom Africa with £1.6mn funding to increase women’s representation in African boardrooms

22 January 2019

Partnership will bring exceptional female talent to boards and investment committees across the continent London and Accra: In a partnership to bring increased diversity to companies and organisations across Africa, CDC Group, the UK’s development financ…

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CardinalStone Capital Advisers achieves first close at US$50mn

16 January 2019

Lagos, Nigeria: CardinalStone Capital Advisers (CCA), an investment adviser based in Lagos, Nigeria, has recently achieved a US$50mn first close of its private equity fund, CardinalStone Capital Advisers Growth Fund LP (CCAGF or the Fund). Anchor investor…

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AIIM invests in BBOXX, provider of off-grid clean energy throughout emerging markets

16 January 2019

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

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AfricInvest’s FIVE achieves its third close bringing KfW as investor

15 January 2019

AfricInvest, a leading pan-African private equity firm, today announced the third close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE aims to improve access to financial services for the gr…

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

15 January 2019

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

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African Development Bank Group approves investment in Climate Investor One’s Construction Equity Fund

10 January 2019

The Board of Directors of the African Development Bank Group has approved a USD 32.5 million equity investment in Climate Investor One’s (CIO) Construction Equity Fund (CEF), a platform that uses a unique blended finance approach, and targets the entire a…

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PCM Capital Partners exits its investment in leading Ivorian oil and gas player

08 January 2019

PCM Capital Partners (“PCP”), managers of the West Africa Emerging Growth Fund (“WAEMGF”) are pleased to announce the Fund’s exit from its investment in Petro Ivoire, a leading player in the downstream oil and gas sector in Cote d’Ivoire. This exit, the f…

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

02 January 2019

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

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@wiGroupInt has completed a follow on growth equity round with @investecam_sa being a key investor. Read more: https://t.co/7NP1rTq7fr

Kasada Capital Management’s Hospitality Fund dedicated to building Sub Saharan Africa’s hospitality sector has reac… https://t.co/USgi8a8NhW

Adenia Partners exits its investment in leading Malagasy diary company. Read more: https://t.co/s5GBC3usmw #AVCAMemberNews #AfricanPE

@DobEquity has invested in Tanzania’s leading clean water producer and distributor. Read more:… https://t.co/HgIL0JuwDB

RT @CDCgroup: Read about the CDC-backed Frontier Energy II fund which has just achieved final close at $227 million - https://t.co/DTf6BF1f