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.
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.
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.
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).
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.
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.
