Malaik, an impact-focused equity crowdfunding portal, has test launched to connect investors interested in impact investment opportunities and entrepreneurs raising equity finance in Africa.
TLG Capital, a private equity firm focused on Sub-Saharan Africa, is targeting $150m for its new credit fund, according to Nicholas Hofgren, Advisory Board Member.
Warburg Pincus, a global private equity firm focused on growth investing, has successfully raised its latest global fund, Warburg Pincus Private Equity XII, receiving commitments in excess of $12bn hard cap.
Warburg Pincus and General Atlantic have agreed to acquire a 49% stake in Network International, a payment solutions provider in the Middle East and Africa, from The Abraaj Group.
Actis, a pan-emerging markets investor, has invested $62m for a majority stake in Sigma Pensions, a pension fund administrator (PFA) in Nigeria.
Old Mutual Alternative Investments (OMAI), a boutique of Old Mutual Investment Group, has agreed to acquire the 50% of African Infrastructure Investment Managers (AIIM) that it does not already own, making it the sole shareholder of the pan-African infrastructure investment manager.
The Abraaj Group has fully exited its shareholding in African insurer, Saham Finances, to Sanlam Group and the Saham Group, a diversified Moroccan-based conglomerate operating in the insurance, offshoring and real estate sectors in the Middle East and Africa, and the parent company of Saham Finances.
Amethis Finance, an investment vehicle dedicated to Africa with a total investment capacity of €400m, has acquired a minority equity stake in HMAO Group, thus entering West Africa’s healthcare market.
Flexpoint Ford, a Chicago-based private equity investment firm with $2.3bn under management specializing in privately negotiated investments in the financial services and healthcare industries, has backed Veling, a niche aircraft leasing company with offices in Mauritius and London.
Actis, RMB Westport and Paragon Holdings, have sold their stakes in Ikeja City Mall to South African real estate investment trust, Hyprop Investments, and Attacq, a JSE-listed real estate capital growth fund.
Growing numbers of limited partners (LPs) consider co-investments an important part of their overall private equity portfolios, Africa Global Funds has learned.
Helios Investment Partners, an Africa-focused investment firm managing funds totaling over $3bn, has agreed to acquire a 70% controlling stake in Telkom Kenya from the Orange Group.
The MENA Long Term Value Fund (LTV) has joined a consortium of investors to acquire a majority stake in Egypt’s e-payment services platform, Fawry, valuing the company at EGP773m ($98.72m).
The implementation of new investment regulations in Namibia is set to provide a significant boost to private equity in the country, according to Erika van der Merwe, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA).
