Brait has sold its 63.1% interest in Iceland Foods to a newly established company NewCo in line with its revised strategy to maximise value realisation from its assets over the next five years.
Tana Africa Capital, a Pan-African private equity firm, has invested through its second fund Tana Africa Capital II (TAC II) into Mabaret Al Asafra, a hospital operator in Alexandria, Egypt.
CDC Group has closed a co-investment with Novastar Ventures in mPharma, a tech-enabled healthcare company driving supply chain efficiencies for pharmaceutical products across Africa.
LionPride Investment Holdings, a Section 12J Venture Capital Company, via its LionPride Agility Fund has invested in BusyMed, a South African healthtech start-up.
Zoscales Partners, an investment firm, investing in private equity with impact in East Africa, has invested in Pioneer Diagnostics Center (PDC), a diagnostic imaging service provider in Ethiopia.
Carlyle Group is spinning out its Sub-Saharan African team to Alterra Capital, a new company formed by the managers of its $700m regional fund, Bloomberg reported.
Inclusivity Solutions, a company that designs, builds, operates and innovates digital insurance solutions, has secured an additional $1.3m in its second tranche of its Series A round, bringing the total Series A round to $2.6m.
Pearl Capital Partners, which manages the Yield Uganda Investment Fund, has made a seventh investment of UGX 4.6bn (ca. $1.2m) in Naseco.
Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, has successfully completed the sale of MetaMed, the region’s largest diagnostic imaging network, to Ray Lab, owned by a consortium of international and regional investors.
Members of RENEW's Impact Angel Network (IAN) have funded a third investment in Roadrunner Technology Solutions (Roadrunner), a partner of Deliver Addis in Addis Ababa, Ethiopia.
Cepheus Growth Capital Partners has invested in East African Lion Brands Manufacturing Share Company (Lion Brands), one of Ethiopia’s leading domestic manufacturers of fast moving consumer goods (FMCG) products in the home care, personal care and food segments.
Actis has exited its majority stake in GHL Bank, a full-scale commercial bank in Ghana, to First National Bank Ghana, a 100% subsidiary of FirstRand Group.
Mediterrania Capital Partners has acquired an undisclosed stake in MetaMed, the largest platform of Diagnostic Imaging centres in Egypt, Jordan and Saudi Arabia.
Development Partners International (DPI), a Pan-African private equity firm, has invested in Société Industrielle des Conserves Alimentaires (SICAM), a food business and tomato processor in Tunisia.
