Ethos, a South African private equity investor, has acquired the Tissue and Corrugate divisions from Nampak for a total purchase price of around $14m (R1.575bn).
Verod Capital, a Nigeria-based private equity firm focusing on investing equity and equity-linked capital in growth companies, has fully exited ownership of HFP Engineering, and partially exited its stake in GZ Industries.
Carlyle International Energy Partners (CIEP) is planning to invest around 10% to 20% of the $2.5bn fund’s capital in oil and gas industry in Africa, according to The Carlyle Group, a global alternative asset manager.
National Bank of Canada and Amethis Finance have agreed to acquire a 26.3% equity stake of NSIA Participations, a financial group headquartered in Abidjan, Côte d'Ivoire, with operations in 12 countries across West and Central Africa.
Regent Life Botswana, a part of the Imperial Holdings Group, has taken an equity stake in Oryx Finance, a Zambian small loans business.
Xterra Capital Advisors, a corporate finance and private equity advisory firm registered in Mauritius, has launched the Xterra Africa Property Development Fund, aiming to raise $300m from international investors.
The Abraaj Group, a private equity investor operating in global growth markets, has exited through one of its Funds, an investment in ECCO Outsourcing, a business process outsourcing (BPO) and contact center outsourcing (CCO) company in Egypt.
PAI Partners’s portfolio company R&R; Ice Cream has acquired Nestlé South Africa’s ice cream business for an undisclosed amount.
The African development private equity firm, Phatisa, has committed funds to regenerate, plant and preserve an indigenous Miombo woodlands in central Zambia.
The Metier Capital Growth Fund II, which completed its first close in mid-February, has signed a binding sale agreement with its first portfolio company, a consumer retail chain with a presence in South Africa and the rest of the continent.
The deal activity on the African continent remains strong with $8.1bn worth of deals completed in 2014, a new report by the African Private Equity and Venture Capital Association (AVCA) has revealed.
Enko Africa Private Equity Fund, a pan-African private equity fund managed by Enko Capital Managers, has acquired a minority stake in Madison Financial Services (MFS), an insurance-based financial services group in Zambia. Ralph Gilchrist, partner at ECM, said: “This is a landmark first investment for the Enko Africa Private Equity Fund and we are proud to enter into this long-term partnership with MFS. We are looking forward to creating value together and supporting the high growth potential of the company.”
LeapFrog Investments has invested $25m in AFB Mauritius, a financial technology platform that offers financial tools to financially-excluded consumers and small businesses in Sub-Saharan Africa.
Amethis Finance has taken a 17.1% stake in CIEL Finance, the banking and financial services arm of Mauritius-based CIEL group.
