XSML, a fund manager active in Central & East Africa, has made a follow-on investment in Maison Galaxy, a retail chain based in Kinshasa, DRC.
Arise has received approval from the Central Bank of Mozambique to acquire a 29.5% stake in Moza Banco, a locally owned bank, through a subscription of new shares.
Africa-focused private equity firm, ECP, has acquired a majority stake in Artcaffé Coffee and Bakery (Artcaffé), a restaurant group operating in Kenya, for an undisclosed amount.
PCM Capital Partners, managers of the West Africa Emerging Growth Fund (WAEMGF) have announced the Fund’s exit from its investment in Petro Ivoire, a leading player in the downstream oil and gas sector in Cote d’Ivoire.
CDG Capital Private Equity, a private equity firm focused on growth investments for SMEs in Morocco, has acquired a stake in Trarem Afrique, a manufacturer and distributor of office furniture in Morocco.
AfricInvest and Catalyst Principal Partners, a pan-African and regional private equity firms, have invested in Prime Bank through AfricInvest Azure, a special purpose vehicle formed by AfricInvest and Catalyst Fund II.
The Carlyle Group has agreed to invest $40m in Wakanow, an online travel agency focused on West and East Africa, with principal operations in Nigeria.
Sawari Ventures, an international venture capital firm, has announced a $35m first closing of Sawari Ventures North Africa Fund I (SVNFI).
Actis, a growth markets investor, has announced their agreement to the sale of Compuscan, a provider of credit information and ScoreSharp, a decision analytics company, to Experian for ZAR3.72bn.
SFO Group, an independent multi-family office specialized in global real estate investment, development and asset management, alongside HC Capital Properties, have invested in Cosmos Yopougon, a shopping centre in Côte d’Ivoire.
East African focused fund manager, Catalyst Principal Partners, has closed its second fund, achieving $155m (Kes.15.5bn) of capital commitments from international and regional investors, as a successor to Catalyst Fund I, a $125m fund raised in 2009.
Convergence Partners, Nedbank and Sanari Capital have invested $3m in Snapt, a disruptive application delivery controller (ADC) company, in series A funding.
AfricInvest, a pan-African mid-cap-focused private equity firm, has announced the final close of its North African Fund, Maghreb Private Equity IV (MPEF IV).
Vantage Capital, Africa’s largest mezzanine fund manager, has provided €19m of mezzanine funding to Pétro Ivoire, a leading distributor of oil & gas products in Côte d’Ivoire.