Private equity exits in Africa reached a 9-year high in 2015, even as firms held onto their investments longer due to economic uncertainty, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).
Convergence Partners and Stockdale Street have acquired 100% of e4, a South African technology company with an international footprint in Africa, Europe, the US and Australia.
Catalyst Principal Partners, an East Africa focused private equity firm, has invested in Orbit Chemical Industries, a Kenyan manufacturer providing end-to- end manufacturing production for household and personal care products, industrial chemicals and agro-chemicals.
8 Miles, an independent private equity fund management business, has invested in Verde Beef Processing, an agribusiness that specializes in producing premium beef in Adami Tulu, Oromia in Ethiopia.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided a debenture facility of N80m ($5.52m) to United Africa Group (UAG), an established hospitality and property-owning group in Namibia.
The BDO Development Capital Fund, has invested €3m in Obelisk Group, a specialist in service provision to the telecommunications and utilities sectors, to drive further expansion in South Africa and the UK.
The African Private Equity and Venture Capital Association (AVCA), a pan-African industry body which promotes and enables private investment in Africa, has announced the launch of its newly inaugurated Sustainability Committee.
QG Africa Hotel LP, a Mauritius-based fund managed by QG Investments Africa Management, has acquired 100% interest in the InterContinental Hotel Lusaka from Kingdom Hotel Investments for $35.9m.
Singularity Investments, a Nigeria-based investment office specializing in high growth companies operating in Africa’s technology sector, has invested an undisclosed amount in Asoko Insight, a provider of corporate information on African growth markets.
The allocation by pension funds in Southern Africa to private equity remains limited, according to the findings of a recently released survey report by the Southern African Venture Capital and Private Equity Association (SAVCA).
Kibo Capital Partners, a manager of regional private equity funds, has invested an undisclosed amount in General Cargo Group, a provider of logistics services in Kenya.
PCM Capital Partners has invested €5m ($5.64m) in Surfline Communications, a provider of 4G LTE data and other related services to households, SMEs and corporate institutions in Ghana.
IFC Asset Management Company (AMC) and IFC, a member of the World Bank Group, have invested $107m in Net1 UEPS Technologies, an innovative payment solutions and transaction processing services in Sub-Saharan Africa.
Business Partners Limited has launched Business Partners International (BPI) Uganda, a specialist risk finance company that provides customized financial solutions, sectoral knowledge, mentorship, and other added-value services for formal small and medium enterprises (SMEs) across Africa, and opened an office in Kampala, Uganda.
