On June 1, 2021, the Competition Commission had formally blocked the process of Pan-African PE firm Emerging Capital Partners (ECP) from purchasing fast-food chain Burger King South Africa and Grand Foods Meat Plant.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided $23m of mezzanine debt funding to PickAlbatros Hotels, a hotel owner and operator in Egypt.
Helios Fairfax Partners (HFP) has led the formation investment round in a newly formed entity called NBA Africa, including the Basketball Africa League (BAL) – a partnership between the NBA and the International Basketball Federation (FIBA) and the NBA’s first collaboration to operate a league outside of North America.
FNZ, a global wealth management platform, has acquired South African third-party administration firm Silica from Ninety One, following receipt of the necessary regulatory approvals.
Kasada Capital Management has acquired the 414-key Safari Hotels and Conference Centre in Windhoek, Namibia.
The Vumela Fund, established by FNB Business and Edge Growth, has invested an undisclosed amount in Rand Pharmaceutical Distributors (Rand Pharm), a pharmaceutical distributor in South Africa.
Sanlam Investments, South Africa's largest black-owned asset manager, is looking to raise an additional R35bn for its range of impact funds.
Transformation Investment Portfolio (TIP) One has partnered with SDG Global Group to set up funds for investing in Africa, and to raise funds from international investors for impact projects in Africa.
Ascent has announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than $100m, significantly exceeding its initial target of $80m.
African Infrastructure Investment Managers (AIIM), on behalf of the IDEAS Fund, and Reatile Group have agreed to acquire a 30% interest in ROMPCO (the Republic of Mozambique Pipeline Investments Company) from Sasol South Africa.
Starsight Energy, a technology-enabled African Commercial & Industrial (C&I) energy-as-a-service provider, has acquired a 50% stake in the East African operations of Premier Solar Group, a C&I solar company with a focus on Sub-Saharan Africa and South Asia.
Accion Venture Lab has led a $1.8m seed investment round in Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans.
South African investment firms Kalon Venture Partners and Caleo Private Equity have announced a $2.5m Series A co-investment into iXperience (iX), an educational-tech company that partners with high schools, universities and corporates to provide progressive education programs and services that equip students with industry-focused skills.
Mergence Unlisted Investment Managers (Namibia) has increased its shareholding in the two Ejuva renewable energy projects in Gobabis from 17% to a majority stake of 66% having acquired the 49% previously held by co-developer and initial part-financier, CIGenCo, a subsidiary of South Africa-listed Consolidated Infrastructure Group (CIG).
