In South Africa, long term private equity returns remained steady for the first quarter of 2018, according to the latest RisCura-SAVCA South African Private Equity Performance Report.
The Emerging Africa Infrastructure Fund (EAIF) has announced financial close of its 11-year $35m loan to Indorama Eleme Fertilizer & Chemicals (IEFCL).
Vantage GreenX Fund Managers has provided R2.05bn of funding to a combination of six solar and wind energy projects with a combined capacity of 433MW.
Globeleq, and independent power producer in Africa, has agreed to acquire a majority stake in renewable energy projects in South Africa from global alternative asset manager Brookfield Asset Management.
SOKOTRA Capital led consortium has completed the acquisition of 100% of Aquaculture Tunisienne (AT), one of the oldest and most established companies in the aquaculture sector in North Africa and the Mediterranean basin.
PAPE Fund 3 has acquired a 48.3% equity interest in Laser Group, one of South Africa’s largest independently owned logistics companies.
The Carlyle Group has acquired a majority stake in Tessara, a South African manufacturer of preservation technologies for use in the marketing and export of fresh produce.
Duet Private Equity, a principal investor in emerging- and frontier markets, has acquired a majority stake in AJEAST Nigeria, the Sub-Saharan Africa subsidiary of AJE Group, one of the largest global multinational beverage companies.
Mergence Investment Managers, an independent specialist boutique asset management company based in South Africa, has said it sees 26% annual compound growth in unlisted investments and will leverage off commodities trading subsidiary.
Amethis Fund II, alongside Kibo Fund II and Proparco have acquired a minority equity stake in Merec Industries, a fully integrated miller and packaged food manufacturer in Mozambique.
The Rise Fund, a global investment fund managed by TPG Growth, has acquired a 34% stake in Wilderness Holdings, an ecotourism group with operations in seven African countries.
PAPE Fund Managers, an established black-owned boutique private equity manager, has announced the first close of PAPE Fund III, with Investors committing initial capital of ZAR471m.
Futuregrowth Development Equity Fund has acquired an undisclosed equity stake in commercial and industrial technology group Symion.
Partners Group and Convergence Partners have established Helical Capital Partners, a private markets firm that will provide the South African investor community with access to a diversified, global portfolio of private investments. Helical Capital Partners’ South African operations will be based in Johannesburg and will be led by principals Craig Beney (previously COO of Convergence Partners) and Carlos Ferreira (previously CEO of Fairstone Capital).
