15 July 2019
Investec Asset Management (‘IAM’) has completed its first private equity investment in Egypt, by acquiring control of Spinneys Egypt (‘Spinneys’), a rapidly growing supermarket chain in Egypt. This marks the eighth investment from IAM’s second pan-African…
Read more »15 July 2019
Actis has assumed management rights on Abraaj Private Equity Fund IV (APEF IV), a global buyout fund, and Abraaj Africa Fund III (AAF III), a fund for investment in sub-Saharan Africa The transaction includes 14 portfolio companies and strengthens Actis’…
Read more »27 June 2019
Pan - African private equity manager, EXEO Capital, has announced the final close of their second food and agribusiness fund, Agri-Vie Fund II, at US$146mn – showing growth of nearly 50% on the size of the first fund. Herman Marais, the Managing Partner …
Read more »25 June 2019
Amethis announces the sale of its participation in the Dislog Group. The transaction allows Mouncef Belkhayat founder and majority shareholder to regain a controlling equity stake in the company in provision of a new investment cycle. Founded in 2004 by …
Read more »25 June 2019
Debevoise & Plimpton LLP has advised TPG in its definitive agreement to take over management of the existing assets of the Abraaj Group’s US$1bn Global Healthcare Fund. The fund will be named the Evercare Health Fund and will be managed by TPG Growth,…
Read more »21 June 2019
Coöperatief Climate Fund Managers U.A. (CFM) is proud to announce the final close of Climate Investor One’s Stichting Development Fund and Coöperatief Construction Equity Fund U.A. at a combined US$ 850 mn. Climate Investor One, with an emerging markets …
Read more »21 June 2019
Healthtech company MDaaS Global, which is building a network of tech-enabled diagnostic facilities in Nigeria, has closed on seed funding totaling US$1mn. Led by Consonance Investment Managers, with participation from TechStars, FINCA Ventures, an investm…
Read more »20 June 2019
The uMunthu fund managed by Goodwell Investments, via its West Africa partner Alitheia Capital, has acquired a share in MAX.ng, the pioneer app-based motorcycle hailing in West Africa. MAX.ng has raised about $7.5 million from a group of investors includi…
Read more »20 June 2019
TPG has closed on a previously announced transaction to take over management of the existing assets of the Growth Markets Health Fund. The fund will be named The Evercare Health Fund and will be managed by TPG Growth, the middle market and growth equity i…
Read more »17 June 2019
Amethis, the investment fund manager dedicated to long-term responsible investments in Africa, is pleased to announce the final close of its second Pan-African fund, Amethis Fund II, which collected EUR 375mn from more than 70 investors in Europe and Afri…
Read more »14 June 2019
Emerging Capital Partners (ECP) announces an investment to acquire a substantial stake in Mauritius-based Inter Africa Transport Forex (IATF). IATF operates a financial technology platform that enables its customers –transport companies, especially cross-…
Read more »12 June 2019
Old Mutual Private Equity (OMPE), the direct private equity investing arm of Old Mutual Alternative Investments, today announced the acquisition of a majority interest in Footgear, a leading South African retailer of branded footwear. The transaction was…
Read more »10 June 2019
Sahel Capital, fund Managers for the Fund for Agricultural Finance in Nigeria (“FAFIN”), today announces that definitive agreements have been executed for an investment in Ladgroup Limited (“Ladgroup”), an indigenous agricultural company that engages in t…
Read more »10 June 2019
Capitalised by CDC, Gridworks will aim to invest over US$300 million to improve the transmission and distribution infrastructure that delivers reliable and sustainable power CDC, the UK’s development financial institution, has today announced the laun…
Read more »03 June 2019
Helios Investment Partners (“Helios”), the leading Africa-focused private investment firm, and the Egyptian-American Enterprise Fund (“EAEF”) through their investment manager Lorax Capital Partners (“LCP”) have announced today the acquisition of 96.7% of …
Read more »31 May 2019
Inside Equity Fund has committed to invest an initial US$3.75mn in Technopet as part of the company’s US$10mn+ investment plan over the next 2-3 years to expand its PET preforms production capacity. Technopet is the only PET preform manufacturer in Madaga…
Read more »30 May 2019
Development Partners International (“DPI”), a leading Pan African private equity firm, is pleased to announce the sale of its funds’ total holdings in Eaton Towers Holdings (“Eaton Towers”) to American Tower Corporation (NYSE: AMT) (“ATC”). Eaton Towers o…
Read more »24 May 2019
Axis and Innpact have launched the first impact investing platform in Mauritius, the Mauritius Impact Finance Gateway to Africa (MIFGA). This innovative structure enables fund promoters to set-up and manage impact finance vehicles in an efficient and cost…
Read more »24 May 2019
Investment in Zanrec Ltd – a leading privately owned waste management company focusing on the hospitality sector on Zanzibar DOB’s first investment in a sector which is in need of long-term capital and innovation along the value chain, with a focus on …
Read more »17 May 2019
Investment Will Help Support Zipline’s Lifesaving Service Across the Global South and Expand The Rise Fund’s Technology and Healthcare Portfolios The Rise Fund, a global impact investment fund managed by TPG Growth, today announced its investment in Zipl…
Read more »17 May 2019
Investment Will Help Support Zipline’s Lifesaving Service Across the Global South and Expand The Rise Fund’s Technology and Healthcare Portfolios The Rise Fund, a global impact investment fund managed by TPG Growth, today announced its investment in Zipl…
Read more »14 May 2019
Verod Capital Management Limited (Verod) is pleased to announce that it has completed a full exit of its ownership of Rotoprint Limited (Rotoprint), a flexible packaging company based in Nigeria. Rotoprint is a leading vertically integrated supplier of f…
Read more »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…
Read more »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…
Read more »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…
Read more »03 May 2019
InstaDeep, an Enterprise AI startup, announced it has raised $7 million in Series A funding. The leading pan-African private equity firm, AfricInvest, led the investment, with participation from Endeavor Catalyst, a New York-based co-investment fund under…
Read more »03 May 2019
Inside Capital Partners is pleased to announce the third investment of its first fund, Inside Equity Fund, into NSI -Reneworld ("Reneworld"), to finance the expansion plan of a leading renewable energy company in Mauritius and across the Southeast Africa …
Read more »02 May 2019
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, is pleased to announce the sale of a significant stake in Cash Plus, the largest independent money transfer company in M…
Read more »02 May 2019
Growth capital for BRAC Uganda Bank Ltd. In Uganda, only about one third of the population has a bank account. Microfinance institutions can only close the gap to some extent. One of them, BRAC Uganda Microfinance Ltd., which focuses on providing finance…
Read more »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…
Read more »26 April 2019
Adenia Partners, a private equity fund manager focused on control investments in Sub-Saharan Africa, has exited its investment in Socolait, the leading dairy producer and distributor in Madagascar. Adenia Partners, through Adenia Capital (II) and Adenia C…
Read more »26 April 2019
AfricInvest, a leading pan-African private equity firm, today announced the fourth close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE aims to improve access to financial services for the g…
Read more »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…
Read more »22 April 2019
CDG Capital Private Equity, the leading growth equity investor in Morocco invested in Group Oncorad, a private healthcare provider focused on oncology and radiology. Oncorad was founded in 1999 by Pr. Redouane Samlali and Dr. Omar Hajji. Their first cent…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »01 April 2019
The European Investment Bank (EIB) has signed a commitment of US$15mn with the SPE Africa Industrialization I Fund (AIF I), a generalist private equity fund targeting primarily growth capital investments in SMEs and mid-market companies mainly in North Af…
Read more »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,…
Read more »27 March 2019
Britam Holdings PLC has approved an anchor investment in Tiserin Capital, Africa’s first south-south private equity fund. As a result, Britam will become an anchor shareholder in Tiserin Capital Private Equity Fund. This investment by Britam will play a …
Read more »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…
Read more »21 March 2019
Anglophone West Africa focussed private equity firm, Verod Capital Management (Verod), announced that it has invested in Daystar Power Group (Daystar), a leader in developing, owning and financing Commercial and Industrial sector hybrid solar generation p…
Read more »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…
Read more »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…
Read more »15 February 2019
CDG Capital Private Equity, the private equity firm focused on growth investments for SMEs in Morocco, announced an investment in SCE Chemicals, a leading company manufacturing specialty chemicals, fertilizers and other chemical inputs for industrial clie…
Read more »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…
Read more »06 February 2019
Cape Town and Nairobi: African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private equity fund managers and a member of Old Mutual Alternative Investments (OMAI), today announces the appoi…
Read more »05 February 2019
Johannesburg/London - Development Partners International (“DPI”), a leading Pan African private equity firm, is pleased to announce the latest investment of its African Development Partners II fund (“ADP II”) into International Facilities Services (“IFS”)…
Read more »04 February 2019
Amethis, the investment fund manager dedicated to long-term responsible investments in Africa, is pleased to announce an intermediary closing of its second Pan-African fund, Amethis Fund II, which collected EUR 305mn from a broad range of investors in Eur…
Read more »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 …
Read more »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…
Read more »25 January 2019
Port Louis, Mauritius: Adenia Partners, a private equity firm investing in Sub-Saharan Africa, announces that on 5 December 2018, it completed an investment in Tumaini Self Service Limited through a special purpose vehicle, Sokoni Retail Kenya Limited. Th…
Read more »25 January 2019
CDG Capital Private Equity, the private equity firm focused on growth investments for SMEs in Morocco, announced an investment in Laboratoires Steripharma (“Steripharma” or “the Company”), a well-established pharmaceutical business in Morocco. CDG Capital…
Read more »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…
Read more »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…
Read more »16 January 2019
Lagos, Nigeria: CardinalStone Capital Advisers (CCA), an investment adviser based in Lagos, Nigeria, has recently achieved a US$50mn first close of its private equity fund, CardinalStone Capital Advisers Growth Fund LP (CCAGF or the Fund). Anchor investor…
Read more »16 January 2019
The acquisition marks the infrastructure specialist’s expansion into the African off-grid solar market Cape Town and London: African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private eq…
Read more »15 January 2019
AfricInvest, a leading pan-African private equity firm, today announced the third close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE aims to improve access to financial services for the gr…
Read more »15 January 2019
It is common knowledge that Small and Medium Enterprises (SMEs) play a vital role in the development of any economy. According to the World Bank, SMEs contribute up to 60% of employment opportunities and up to 40% to the national Gross Domestic Product (G…
Read more »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…
Read more »08 January 2019
PCM Capital Partners (“PCP”), managers of the West Africa Emerging Growth Fund (“WAEMGF”) are pleased to announce the Fund’s exit from its investment in Petro Ivoire, a leading player in the downstream oil and gas sector in Cote d’Ivoire. This exit, the f…
Read more »02 January 2019
CDG Capital Private Equity, the private equity firm focused on growth investments for SMEs in Morocco, announces the acquisition of a stake in Trarem Afrique SA. (“Trarem”), the leading manufacturer and distributor of office furniture in Morocco. CDG Capi…
Read more »
@investecam_uk second pan-Africa PE fund makes 8th investment. Read more: https://t.co/b1Q6UmXAU2
RT @Mkessome: Congratulations CardinalStone @AVCA_Africa! https://t.co/08MnKHeUCw
RT @Africa_PE_News: Due Diligence: @AFIGFunds on investment lessons learnt and building regional African ‘blue chips’. Read our interview w…
RT @AfricanLawBiz: Top quality session on impact investment which was improved by @AVCA_Africa and @HLAfrica inputs, while thoughts of DFI,…
RT @ReutersAfrica: Economic "game changer"? African leaders launch free-trade zone https://t.co/XJ2DVhpQ0P
