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.
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.
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.
