Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund management company, has sold its stake in BPEC to the new reference shareholder, the SUNU group.
Verod Capital Management (Verod) and Persistent Energy (Persistent) have invested $10m in Daystar Power Group, a West-African electricity company specialising in the generation of solar energy.
Enko Capital Managers (ECM), managers of the Enko Africa Private Equity Fund (EAPEF), has provided expansion capital to Software Technologies Ltd (STL), a software solutions provider and IT training company.
One Thousand & One Voices (1K1V), a private family capital fund backed exclusively by industry-leading families from around the globe, has invested in Pay At Holdings Proprietary (Pay@), a payments aggregator based in Stellenbosch, South Africa.
Africa Healthcare Fund / Asia Africa Investment & Consulting (AAIC), an Africa focused healthcare investment firm, and Polaris Partners, a global venture capital firm, have invested in Africa Healthcare Network in a Series A investment round.
Wendel has agreed to sell its 40% holding in PlaYce (formerly SGI Africa) to CFAO for net proceeds of €32.2m, following an initial investment of €25.3m at the end of July 2016.
The Emerging Africa Infrastructure Fund (EAIF) has signed a $27m loan to Kikagati Power Company Ltd (KPCL), which is building a 14MW run-of-the-river hydro electricity generating station at Kikagati on the Kagera River.
While private equity has historically been more prevalent in Africa than private credit, the latter encompasses a range of strategies that can provide attractive alternative financing options for African small and medium-sized enterprises (SMEs).
NBK Capital Partners has advised on the acquisition of 100% of King Integrated American School (KIAS), located in the fast-growing King Mariut area within Alexandria, Egypt.
Development Partners International has invested $35m in International Facilities Services (IFS), a facilities management specialist in Africa.
GreatPoint Ventures and Samsung NEXT have invested $12m in a Series A round in RapidDeploy, a South African provider of cloud-based software for public safety officials that reduces emergency response times and improve situational awareness.
CDG Capital Private Equity has invested in SCE Chemicals, a manufacturer of specialty chemicals, fertilizers and other chemical inputs for industrial clients in Morocco and abroad.
The International Fund for Agricultural Development has launched a €200m impact fund to scale agribusiness in developing countries.
Investisseurs & Partenaires, has announced the intermediate closing of its fund I&P Afrique Entrepreneurs 2 (IPAE 2), bringing the fund’s investment capacity to €75m.