Endeavor Catalyst has announced the final closing of Fund III, a $134m venture capital fund through which it plans to continue to invest in Endeavor Entrepreneurs in emerging and underserved markets globally.
Helios Investment Partners has launched Africa Specialty Risk Group (ASR), a reinsurance business focused on becoming the partner of choice to corporations through the provision of risk mitigating insurance solutions.
PAPE Fund 3, a mid-cap South African private equity fund, has acquired a 45% of the equity in the DDS Group of companies, an African beverage dispensing and refrigeration services provider.
Mediterrania Capital Partners’ portfolio company Groupe Scolaire René Descartes (GSRD) has established a financial partnership with Banque Zitouna to support students’ families.
Proparco and existing investors, Energy Access Ventures (EAV) and EDFI ElectriFI, have invested $10m in a Series B investment round in Solarise Africa, a Pan-African energy leasing company,
Chinese fintech investor CreditEase Fintech Investment Fund (CEFIF), LeapFrog Investments and Allianz have invested $30m in BIMA, a provider of digital health and insurtech services in emerging markets.
Helios Investment Partners has led a $60m Series B financing round in Singapore-based fintech startup Thunes, which operates a global B2B cross-border payments network.
With the COVID-19 crisis hitting South Africa in March, the impact of the pandemic on the market and asset prices is evident in the first quarter performance for both public and private markets.
Metier, through its most recent Sustainable Capital Fund, MSC II, has made a substantial investment into Broadreach Energy.
XSML, a private equity fund manager active in Central and East Africa, has announced the first close of its African Rivers Fund III (ARF III) at $54m.
Enygma Ventures via its Shift Fund has made a R4.2m investment into Job Crystal, South Africa’s recruitment company.
EFG Hermes (through its NBFI arm EFG Hermes Finance Holding) and GB Auto (through its NBFI arm GB Capital) have acquired a 75% stake in Tokio Marine Egypt Family Takaful, in a deal worth EGP 84.75 million.
DOB Equity, a Dutch family-backed impact investor in East Africa, has made a further investment in Tanga Fresh, a dairy processor in Tanzania.
Sanari Capital, backed by 27four, has invested R25m in LightWare LiDAR, a South African company supplying world-class microLiDAR sensor technology to global companies.
