Mediterrania Capital Partners, a private equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, has fully exited its investment in CEPRO (Cellulose Processing), a manufacturer and distributor of baby diapers and feminine sanitary pads in Algeria.
Vantage Capital, Africa’s predominant mezzanine fund manager with approximately R8bn ($478m) of assets under management, has fully exited its investment in TrenStar, one of Southern Africa’s leading returnable packaging companies.
The Abraaj Group has acquired through its second generation North Africa Fund (ANAF II), a significant minority stake in Cellulose Processing (CEPRO), a leading manufacturer and distributor of baby diapers and feminine sanitary pads in Algeria.
I&P; Afrique Entrepreneurs (IPAE), an impact fund dedicated to small and medium enterprises based in Sub-Saharan Africa, has acquired 48% of the capital in Tincy Boulangerie, a bakery based in Benin.
Food security in Africa is set to become a major investment theme, according to a recent report from PwC.
Venture capital firm Nest has invested in Kenya’s Ongair, a web-based dashboard that enables businesses to engage with their customers on instant messaging platforms like WhatsApp, Messenger, Telegram and WeChat.
Gulf Capital, one of the leading alternative investment firms in the Middle East, has raised $175m (AED 644m) for the first closing of its second credit and mezzanine fund, Gulf Credit Opportunities Fund II.
The Emerging Africa Infrastructure Fund (EAIF) is to lend $5m to help finance the rehabilitation, repair and development of three ‘brownfield’ palm oil plantations in the Democratic Republic of Congo.
KKR has announced an agreement to pursue acquisitions and investment opportunities by establishing an integrated entity to provide asset management services to the oil and gas industry globally.
Moringa, SICAR, a private equity investment vehicle dedicated to making investments in sustainable agroforestry projects in sub-Saharan Africa and Latin America, has announced its final close at €84m.
Abraaj and Proparco have exited 83% of their combined stake in Tunisian pharmaceutical company Unité de fabrication de medicaments to a consortium of investors including Washington-based SQM, Blakeney Asset Management, the Tunisian-Kuwaiti Consortium of Development (CTKD), and two local investors.
Synergy Capital Managers has made an investment in Darl Pharmaceuticals, a fast growing pharmaceutical integrated value chain business in Ghana, via its Synergy Private Equity Fund (SPEF).
PCM Capital Partners, managers of the West Africa Emerging Markets Growth Fund (WAEMGF) has invested €4.1m in Ubipharm SA to part fund its African expansion.
The Investment Funds for Health in Africa (IFHA) has raised a total of $136.85m in the second closing from a diverse range of investors, including multinational companies, pension funds and development finance institutions.
