Helios Investment Partners has acquired a 76% stake in TPAY Mobile, a fast growing direct carrier billing (DCB) provider in the Middle East and North Africa region from A15, a tech investment fund based in Egypt.
CDC Group and the OPEC Fund for International Development (OFID), as well as renowned private investors have invested over $20m in the Regional Education Finance Fund for Africa (REFFA).
Despite the flux in many African markets over the past few years, the number of PE-backed IPOs in both African and global stock exchanges have remained relatively constant.
The Carlyle Group has completed the acquisition of a majority stake in AK Life Sciences (Abacus), a pharmaceutical company in East Africa.
AfricInvest Fund II (AF II) has exited from its investment in Kiboko Holdings (KH), a Mauritius-based company with diverse interests across the East African region in a variety of sectors including FMCG, pharmaceutical manufacturing and distribution, and insurance brokerage.
