Old Mutual Private Equity (OMPE), a division of Old Mutual Alternative Investments, has agreed to acquire 100% of Long4Life and delist the company.
Verod Capital Management via its Verod Capital Growth Fund III has completed the acquisition of a significant minority equity stake in Medplus, the largest Nigerian pharmaceutical retail business.
LeapFrog Investments has sold nearly 30% of its shareholding in Goodlife Pharmacies, East Africa’s leading healthcare and retail pharmacy chain, to Eurapharma, the healthcare division of the CFAO Group.
Kasada Capital Management has acquired the 120-key Cape Grace hotel in Cape Town, South Africa.
4DX Ventures with participation from Darwazah Capital, Golden Palm Investments, P1 Ventures, has led a $3m seed funding round in Cairo-headquartered daily fantasy football platform, Eksab.
4DX Ventures has led a $3m pre-seed funding round in Tushop, a Kenyan social-commerce platform that enables communities in Nairobi to buy groceries more cheaply with free delivery.
Helios Investment Partners and Sojitz Corporation, one of the leading conglomerate investment and trading houses listed on the Tokyo Stock Exchange, have announced the completion of the sale by Helios of a 25% interest in the holding company of Axxela, the largest private sector gas distributor in Nigeria, to Sojitz.
Injaro Investment Advisors, a Ghanaian growth capital investor, has launched the GHS150m ($20m) Injaro Ghana Venture Capital Fund (IGVCF), its inaugural Ghana cedi denominated fund.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided $10m of mezzanine debt funding to Compass Capital, a Egyptian private equity firm, to acquire six grade A office buildings in East Cairo.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Shareholders’ Agreement with Globology, committing $3.8m through its dedicated investment arm, to support the expansion of the company’s Waterbus passenger transport operations on Lake Victoria.
A15, a venture capital firm, has led a $1.2m fundraise in FlapKap, a company revolutionizing e-commerce and SaaS growth in the MEA region.
MaC Venture Capital has led a $2.3m Seed fundraising in Big Cabal Media (BCM), a pan-African media company headquartered in Nigeria.
AfricInvest, MUFG Innovation Partners, Latitude and Kreos Capital have invested $105m in an oversubscribed Series A2 round consisting of equity and debt in Moove, the world’s first mobility fintech, which provides revenue-based financing to mobility entrepreneurs across Africa.
Amethis has acquired a minority stake in SIBM, a manufacturer of precast concrete products in Côte d’Ivoire.
