Vantage Capital, Africa’s largest mezzanine debt fund manager, has fully exited its investment in Vumatel, the largest fibre-to-the-home network provider in South Africa.
African Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments, has announced the successful divestment of AIIF2’s 14% stake in Cookhouse, a 139MW wind farm, and 34% stake in REISA, a 75MW solar PV facility.
DOB Equity, a Dutch family-backed impact investor in East Africa, has made a further investment in Moringa School, the technology learning institute based in Kenya.
Dubai-based Global Ventures has co-led a $7m investment with AAIC Japan in Helium Health, a West African digital medical records provider.
Nigerian investment firm Àrgentil Capital Partners has provided support to a number of initiatives to help with the healthcare emergency created by the COVID-19 pandemic.
TLcom Capital has participated in a $1m pre-seed fundraising in Okra, a Nigerian fintech platform.
DEG and co-investors including Amethis Fund II and the International Finance Corporation have agreed to invest up to $10m in a Kenyan supermarket chain Naivas.
Adjuvant Capital, a health-focused investment firm backed by IFC and the Bill & Melinda Gates Foundation, have led a Series A round of $15m in 54gene, an African genomics research, services, and development company.
Phatisa Food Fund 2 (PFF 2) and a group of co-investors – Norfund, Mbuyu Capital and DEG – have acquired integrated agricultural solutions provider Farming and Engineering Services (FES).
Mediterrania Capital Partners, a dedicated private equity firm focusing on growth investments in SMEs and mid-cap companies in Africa, has reached a €286m final closing for its third fund for Africa, Mediterrania Capital III (MC III), exceeding its target size of €250m.
Emerging Africa Infrastructure Fund (EAIF) has been appointed joint mandated lead arranger (JMDA) of the $30m debt finance package being raised by Tembo Power to build the Kaptis hydro-electric power plant in Western Kenya.
A.P. Moller Capital has completed its first investment in Kenya with the acquisition of the Nairobi based thermal power plant Iberafrica.
SPE Capital Partners has acquired Saham Pharma, an antibiotics manufacturer and major hospital provider in Morocco, alongside Proparco as a minority investor.
Kibo Capital Partners has acquired a majority stake in a tertiary education group, Transcom S.A.
