Emerging Capital Partners (ECP) along with its investment partners, have announced the sale of a 53.6% share of the Nigerian reinsurance company, Continental Reinsurance, to Saham Finances, the insurance arm of Saham Group.
AfricInvest alongside FMO, Finnfund, Bank of Africa Group and Gras Savoye, have completed the sale of its 59.34% equity stake in Alios Finance to TLG Finance, a holding company controlled by Tunisie Leasing.
TPG/Satya, the partnership between TPG Growth and Satya Capital focused on investment in Africa, has made its first move into Africa by acquiring a minority stake in Ecoles Yassamine, the largest private school network in Morocco.
Kagiso Tiso Holdings (KTH), through its media subsidiary Kagiso Media, has acquired 37% of Global Media Alliance Broadcasting Company (GMABC), a broadcasting company in Ghana.
The Pan African Housing Fund (PAHF), managed by Phatisa, has entered into an agreement with Tamarind Properties to develop 140 single-family homes in a residential development in Nakuru Town, Kenya.
Injaro Agricultural Capital Holdings, an impact investment fund managed by Injaro Investments, has invested in Comptoir 2000, an indigenous producer of seeds in Mali.
AfricInvest, a pan-African SME-focused private equity firm, has announced that its AfricInvest Fund II, along with other shareholders, has successfully exited its investment from Brookhouse Schools to UK-based Educas.
AXA Group through AXA’s Real Estate division, has taken a 18.6% stake in the Eranove Group, a West African utility company with operations in power generation, transmission and distribution, from the Bouygues Group.
Actis has exited its investment in a power generation platform Globeleq Africa to a company owned by Norfund, the Norwegian investment fund for developing countries and CDC Group, the UK government’s development finance institution.
Kukula Capital, a Zambian venture capital investor, and eVentures Africa Fund (eVA), a Dutch venture capital fund specializing in E-commerce in Africa, have invested $500,000 in Dot Com Zambia, a growing e-commerce company.
Helios Investment Partners has repaid in full a $50m loan to the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution.
The West African private equity fund manager Cauris Management has confirmed the sale of its stake in Eau Technologie Environnement (ETE) to the Moroccan company Les Eaux Minérales d’Oulmès (LEMO), delivering 3.4x returns on the fund’s initial investment.
Quantum Global’s alternative investments arm has recently joined the Forest Stewardship Council International (FSC International).
Actis, a pan-emerging market private equity investor with $7,6bn assets under management, has acquired a significant minority stake in Coricraft Group, one of South Africa’s leading home furnishings retailers.
