The impact investor Vital Capital has existed from two infrastructure investments in Angola, delivering an IRR of over 24% for the fund’s investors in these two projects.
Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in growth markets, has closed its second financial inclusion focused fund at $31m.
Morocco has emerged as the top investment destination for private equity in North Africa, attracting 51% of all deals and 43% of total capital invested in the sub-region between 2010 and 2014, according to a report by the Emerging Markets Private Equity Association (EMPEA).
Atlantic Coast Regional Fund (ACRF), managed by Advanced Finance and Investment Group (AFIG Funds), has completed an undisclosed investment in real estate company Primrose Properties Ghana (PPG).
Verod Capital has acquired Union Trustees, a fully owned subsidiary of Union Bank of Nigeria.
AfricInvest will acquire a minority equity interest in Elephant Group, a Nigeria-based agricultural commodities company, via an issue of new shares.
Despite the backdrop of significant volatility across all investment markets during 2014, SA private equity funds continued to offer relatively strong performances, according to the fourth quarter 2014 RisCura-SAVCA South African Private Equity Performance report.
CVC Capital Partners has agreed to sell its 51% interest in an international health club operator Virgin Active to South African investment firm Brait, in a transaction that values the business at $1.94bn (£1.3bn).
The Abraaj Group has final closed its Africa Fund III, a third dedicated Sub-Saharan Africa private equity fund, at $990m, receiving support from a diverse range of global institutional investors, pension funds, sovereign wealth funds and development finance institutions.
Private equity firm Fanisi Capital has invested $2.1m in European Foods Africa (EFA), a Nairobi-based pizza maker.
Vantage Capital, a Pan-African mezzanine fund manager with over R5bn ($420m) of AUM, and the Dutch development bank FMO have exited their R220m ($32m) investment in Safripol, Southern Africa’s plastic polymer manufacturer.
Actis, a pan-emerging market private equity investor, has sold half of its stake in Edita Food Industries, the largest independent snack food business in North Africa.
IFC, a member of the World Bank Group, has announced the first closing of the IFC Financial Institutions Growth Fund (FIG Fund), committing $150m to the fund.
Development Partners International (DPI), a $1.1bn Africa-focused private equity firm, has raised $725m for its second pan-African fund from a range of institutional investors, exceeding its $500m target.
