Gemcorp Group, an emerging markets investment, commodities and energy group, has completed a management buyout from its seed investor.
Gemcorp Capital has led a $105m financing for Africell, a fast-growing pan-African mobile network operator.
The Takatso Consortium, which comprises Harith General Partners and local aviation group, Global Aviation, has been selected as the Preferred Strategic Equity Partner (SEP) for South African Airways (SAA).
Vital Capital has approved two new loans from its Vital Impact Relief Facility (VIRF) to Sollatek, a leading manufacturer of solar and voltage control products, and Privamnuts, a macadamia nut processor and exporter that is leading the modernization of the macadamia industry in Kenya.
EXEO Capital has announced the exit of its Food and Agribusiness fund, Agri-Vie Fund I, from Cape Olive Holdings, one of the largest table olive suppliers in South Africa.
African Infrastructure Investment Managers (AIIM) along with a consortium comprising South African Housing & Infrastructure Fund (SAHIF), through its Digital Infrastructure Consortium platform and STOA, a foreign investment vehicle based in France, have agreed to acquire a 25.8% interest in MetroFibre Networx (MFN) held by Sanlam Private Equity, African Rainbow Capital and a minority shareholder.
Wuri Ventures, a Pan-African venture capital fund, and Capria Ventures, have invested $1.5m in South African mobility data start-up WhereIsMyTransport.
SPE Capital Partners has exited its investment in H&S Invest Holding, which operates Morocco-based logistics company Dislog Group, via a sale back to the Belkhayat family.
Trustbridge has lead a Series A+ financing round in Speedaf express, a China-Africa integrated logistics service provider.
OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, has invested $5m in EthioChicken, an Ethiopian poultry company.
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.
