Futuregrowth Asset Management has recently concluded an investment in the Impact Bond Innovation Fund (IBIF), a South African outcome-based financing mechanism that seeks to improve early childhood learning and development (ECD) outcomes in the Western Cape.
Helios Investment Partners has acquired a 76% stake in TPAY Mobile, a fast growing direct carrier billing (DCB) provider in the Middle East and North Africa region from A15, a tech investment fund based in Egypt.
Despite the flux in many African markets over the past few years, the number of PE-backed IPOs in both African and global stock exchanges have remained relatively constant.
The Carlyle Group has completed the acquisition of a majority stake in AK Life Sciences (Abacus), a pharmaceutical company in East Africa.
AfricInvest Fund II (AF II) has exited from its investment in Kiboko Holdings (KH), a Mauritius-based company with diverse interests across the East African region in a variety of sectors including FMCG, pharmaceutical manufacturing and distribution, and insurance brokerage.
Goldman Sachs has led a $52m investment round in JUMO, with participation from other leading investors including Proparco, Finnfund, Vostok Emerging Finance, Gemcorp Capital, and LeapFrog Investments.
Harith General Partners has expanded its telecoms portfolio with a $24.1m investment in Open Connect, Malawi’s largest and only redundant fibre network provider to the domestic market.
Wamda Capital, KISP Ventures, and Raed Ventures has backed Aqarmap, an online real estate marketplace in Egypt.
The Blackstone Group has exited its stake in Bujagali Energy (BEL), the developer of the 250-megawatt Bujagali hydropower project in Uganda, to a Norwegian hydropower developer SN Power.
Futuregrowth Asset Management has taken part in the second round of investor fund raising for Yoco, an innovative, fast growing enterprise in South Africa.
Development Partners International (DPI) has invested $45m for a significant minority stake in MNT Investments, the holding company for Mashroey and Tasaheel, market leaders in the consumer finance and microfinance sectors in Egypt.
Vantage Capital, Africa’s largest mezzanine debt fund manager, has fully exited its investment in New GX Capital, generating returns for Vantage’s Fund III investors of more than 35%.
The Off-Grid Energy Access Fund (OGEF) has announced its first close with committed capital of $58m from the African Development Bank (AfDB), the Nordic Development Fund, the Global Environment Facility, Calvert Impact Capital and All On.
African Infrastructure Investment Managers (AIIM) has acquired through its IDEAS Managed Fund stakes in nine new solar and wind power plants in South Africa.