Adenia Partners, a private equity firm investing in Africa, has partnered with Proparco, the private sector financing arm of Agence Française de Développement Group (AFD Group), to buy Overseas Catering Services (OCS), a leading corporate catering and related services provider in Africa and the Middle East.
MultiChoice Group (MCG), KLT Holdings and Buffet Investments have led a R62m Series A funding round into AURA, an South African security and medical response marketplace.
Edge Growth, through the Engen Convoy Fund, an Enterprise and Supplier Development Fund to promote broad-based black economic empowerment (B-BBEE), has invested in DKN Transport, a level 1 B-BBEE contributor with a 30% black female shareholding.
Fundi, an education finance and education fund management solution specialist, has acquired EduOne, a South African education technology company.
Amethis, through its newly launched fund, Amethis MENA Fund II (AMF2), has completed its second transaction, acquiring a minority stake in Tarjama.
EFG Hermes Holding has finalized its acquisition of a 51% stake in the Arab Investment Bank (aiBANK), marking a strategic entry into the fast-growing and solid Egyptian commercial banking sector.
Aruwa Capital Management, an early-stage growth equity and gender lens fund, has invested in Pngme, a Nigerian financial technology company.
Nurture Foods, EXEO Capital’s new food sector investment vehicle, has recently made its first investment in the Fairview Cheese Company, a South African cheese producer.
Kibo Capital Partners has sold its interest in the Kenyan logistics and distribution company, General Cargo Group (GCG), to majority shareholder Velogic, the logistics arm of Rogers Group.
AfricInvest FIVE has co-led a $100m Series C financing round with existing investors Goodwell Investments and LUN Partners Group in MFS Africa, Africa’s largest digital payments network.
Ata Capital has completed a management buyout (MBO) of Respiratory Care Africa (RCA), a medical devices supplier, from South African healthcare group Ascendis Health.
InfraCo Africa and Helios Investment Partners have joined forces to establish a pan-African investment vehicle: Climate, Energy Access and Resilience (CLEAR).
Vostok New Ventures (VNV) and Endure Capital have co-led a $26m Series A investment round in Breadfast, Egypt’s grocery delivery platform.
Africa-focused infrastructure investment funds have set record fundraising targets in 2021, according to new analysis by global law firm Linklaters.