Investec Asset Management, one of the largest investors in Africa, has successfully closed its sophomore fund, the Investec Africa Private Equity Fund 2 (IAPEF 2) at $295m.
The performance of South African private equity continues to highlight the benefits of including this asset class into a diversified institutional portfolio, according to the latest RisCura-SAVCA South African Private Equity Performance Report.
Amethis Finance has completed, together with the two other main shareholders of the company, WAEMGF and the Kadio-Morokro family, a capital increase of Petro Ivoire, a gas company in Ivory Coast.
Amadeus Capital Partners, a global technology investor, in partnership with MTN, a multinational telecommunications group, have invested $40m in Travelstart, an online travel agency in Africa.
Investisseurs & Partenaires (I&P;) has launched Sinergi Burkina, a new fund dedicated to small growing businesses and start-ups in Burkina Faso, as part of the IPDEV2 project.
Helios Investment Partners has partially exited its stake in Equity Group Holdings, Kenya’s banking group, to the Norwegian Investment Fund for Developing Countries (Norfund) and NorFinance, a joint venture investment company between Norfund and Norwegian private investors.
AXA, a French multinational insurance and asset management group, has announced a €75m investment in Africa Internet Group (AIG), an e-commerce group in Africa, for an 8% stake of the company’s capital.
Malaik, an impact focused equity crowdinvesting platform, has launched a call for applications to African entrepreneurs with impact focused businesses.
The Tunisian Consignment and Deposit Fund (Caisse des Dépôts et Consignations, CDC) and Bpifrance, a French public investment bank, are set to launch a €20m French-Tunisian private equity fund on February 5 in Tunis.
XSML, a private equity fund manager active in Central Africa, has announced the first close of its African Rivers Fund at $45m, attracting a number of leading institutional investors.
West Africa continues to lead in share of private equity (PE) investments by region with a 25% share of deals between 2010 and 2015, a new report from the African Private Equity and Venture Capital Association (AVCA) has revealed.
Broadreach Private Equity alongside Grindrod Financial Services have acquired an equity stake in FS-Systems, an African systems integrator providing end-to-end fire & electronic security solutions.
French media giant Canal+, together with existing investor Kinnevik AB, have invested $19m in Nigerian tech and entertainment company, iROKO.
Medu Capital, a South African private equity firm, is planning to close two investments via its third fund, according to Siyabonga Nhlumayo, Principal, responsible for investment execution and management.
