The total value of private capital deals reported in Africa reached a record high of $7.4bn, according to AVCA’s 2021 Annual African Private Capital Activity Report.
XSML, a fund manager active in Central & East Africa, has reached the hard cap for its African Rivers Fund III (ARF III) at $85m.
One Thousand & One Voices (1K1V), in partnership with diversified FinTech investment holding company Crossfin Technology Holdings (Crossfin) and investor Isaac Mophatlane, have announced the completion of the Sybrin Group of Companies (Sybrin) transaction.
Actis has exited from AutoXpress, an importer, distributor and retailer of tyres, auto parts and accessories serving retail and corporate customers in the East African market.
BluePeak Private Capital has invested $20m in ieng, a pan-African provider of engineering and construction, operations and maintenance, and hybrid power solutions to Africa’s burgeoning telecom sector.
RisCura is raising capital for its impact debt fund and will raise up to R2bn over the next three years, Africa Global Funds has learned.
Harith General Partners (Harith) has sold its stake in MainOne, West Africa’s largest communications services operator to Equinix, the world’s largest digital infrastructure company, following the achievement of all regulatory approvals.
African Infrastructure Investment Managers (AIIM) and the Mokobela-Shataki consortium have completed a ZAR1.6bn takeover of The Logistics Group (TLG), an integrated logistics company operates in Southern Africa with services across port, rail, warehousing and digital transport logistics.
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.
