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).
Bamboo Finance and Louis Dreyfus Holding have joined forces to launch and manage NISABA, a $50m impact investment fund focused on small- and medium-sized agribusiness enterprises (SMEs) in Sub-Saharan Africa.
Careem, an app-based car service in the MENA region, has scored $60m in a series C investment round from the Abraaj Group and leading institutional investors.
Qalaa Holdings has sold its stakes in cement subsidiaries ASEC Minya Cement and ASEC Ready Mix, representing 46.5% and 55%, respectively, to Misr Cement Qena for approximately EGP1bn ($124.6m).
The Abraaj Group has acquired through its second generation North Africa Fund, a majority stake in Centre de Traitement Al Kindy (Al Kindy), Casablanca’s largest private oncology clinic, and Clinique Spécialisée Menara (Menara), a leading oncology and imaging diagnostics center in Marrakech.
South Africa has continued to dominate private equity (PE) activity in the Southern African region, accounting for 76% of deal volume and 92% of deal value from 2007-2014, according to the African Private Equity and Venture Capital Association (AVCA).
GuarantCo has opened a new office in Nairobi, Kenya, as it is looking to expand its business in financing infrastructure development in East and Southern Africa.
Adenia Partners has exited its investment in Hôtel du Louvre, a flagship business hotel located in Antananarivo, Madagascar, to a group of local investors.
Adlevo Capital-led consortium of investors has raised $13m in a Series B financing round, which will go toward strengthening of the agent network of Paga, a Nigerian mobile payment company.
Synergy Private Equity Fund (SPEF) has invested an undisclosed amount in Riggs Ventures West Africa, a non-captive manufacturer of polypropylene woven sacks for packaging and transporting industrial goods in Nigeria.
South Africa is viewed as the most attractive onshore private equity fund domicile in Sub-Saharan Africa, whereas Mauritius is leading as the most popular offshore jurisdiction, according to the EMPEA 2015 African Fund Domicile Survey.
