Ethos Private Equity has invested an undisclosed amount into AutoZone, the largest and fast growing, privately-owned automotive parts aftermarket retailer and wholesaler in Southern Africa.
Investments into South African private equity funds delivered an annualized rate of return of 18.5%, net of fees, over the ten years to September 2014, according to the RisCura-SAVCA South African Private Equity Performance Report.
Helios Investment Partners, a pan-African private investment firm, has raised over $1bn for its third Africa-focused fund.
The Moringa SICAR, an agroforestry sector investment vehicle, is aiming to achieve a final close in February 2015, according to Clément Chenost, Technical Director at the Moringa Partnership, the investment advisor of the fund.
The Abraaj Group has exited its investment in Moulin d’Or, a leading producer of baked goods in Tunisia, through one of its Funds.
Advanced Finance and Investment Group (AFIG Funds), manager of the Atlantic Coast Regional Fund, will invest up to $14m in Nigerian-German Chemicals (NGC), a Nigerian producer and distributor of pharmaceutical products and bottled beverages.
Amethis Finance has acquired one third of Ramco Plexus in order to foster the Group expansion in Kenya and across the region.
Actis, a pan-emerging markets private equity firm, has acquired a 21% stake in Integrated Diagnostics Holdings (IDH), the largest private sector healthcare diagnostics service provider in Egypt, from The Abraaj Group.
Qalaa Holdings (formerly Citadel Capital) is planing to sell two metallurgy companies to United Foundries Company SAE for around EGP260m ($36.33m) at the current rate of exchange.
Vantage Capital, Africa’s leading mezzanine debt provider, has provided $10m of funding to Simba Properties Investment Company, the property investment arm of Simba Group in Uganda.
Amethis Finance and Retail Holding (the parent company of Label’Vie Group) have jointly invested in CDCI, a food distribution company in Côte d’Ivoire.
As African private equity markets evolve, the ‘sweet spot’ is to be found at the smaller end of the deal size spectrum, according to Nick Tims, managing director in the client group at Investec Asset Management.
Advanced Finance & Investment Group (AFIG Funds) has signed a strategic partnership agreement with the Bourse Régionale des Valeurs Mobilières (BRVM), the regional stock exchange for UEMOA (the West African Economic and Monetary Union), for the financing of private companies via the stock exchange.
EMPEA has launched the Frontier Markets Council, an advisory body comprised of and dedicated to fund managers, institutional investors and industry advisers active in the frontier markets.
