Ethos Private Equity has announced an agreement with JSE and LSE-listed investment manager Ninety One, to take on an advisory contract for Ninety One’s Africa Private Equity funds, effective as at December 15, 2020.
TLG Capital has exited its investment in BAJ Stations Uganda, after nearly 4 years, at 30+% IRR in USD.
Helios Investment Partners has partnered with BİM BİRLEŞİK MAĞAZALAR (BIM), a discount grocery retailer in Turkey, to invest in BIM’s Moroccan business through the acquisition of a 35% stake valuing the Company over $200m.
FMO, the Dutch development bank, and Cathay AfricInvest Innovation, have co-invested in Aerobotics, a South African AgriTech startup developing intelligent tools to the feed the world.
SouthBridge Group, a pan-African financial advisory and investment firm and the official financial advisor of the Togolese government, has concluded two transactions with Olam International and its subsidiary Arise Special Economic Zone, in the Republic of Togo.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has completed an approximately $27m equity investment into InfraCredit, a specialised local currency infrastructure credit guarantee institution based in Lagos, Nigeria.
Investisseurs & Partenaires (I&P), a pan-African impact investor based in Paris, through its fund I&P Afrique Entrepreneurs 2, has participated in a pre-series A investment round in StarNews, Africa’s fastest-growing mobile content platform.
Fairfax Africa and Helios Holdings have announced the completion of the strategic transaction signed on July 10, 2020.
Convergence Partners has acquired an additional $5m interest in ChannelVAS (CVAS), a fintech provider of mobile financial services across sub-Saharan Africa and beyond. Convergence Partners exercised preferential and exclusive rights to acquire the stake as a result of an intra-consortium rebalancing of the holdings of another member of the Ethos consortium through which Convergence Partners is partially invested.
Inside Capital has invested $3.1m in the Mauritian recyclable waste collector company WeCycle, to drive its local and regional expansion.
EXEO Capital has invested via its Food and Agribusiness fund, Agri-Vie Fund II, in Glacier Products – the producers of Kenya’s renowned ice-cream and chocolate brand, ‘Dairyland’.
Climate Fund Managers (CFM) has agreed to co-finance and co-develop a portfolio of solar-powered desalination installations, turning brackish groundwater into drinking water.
Harith General Partners, one of Africa’s largest infrastructure-focused private equity fund managers, has announced that the $296m Zimbabwe Beitbridge border post complex BOT Public Private Partnership has reached financial close.
LCP Fund II (LCP), managed by Lorax Capital Partners, has acquired a significant minority stake in DSQ Group, one of the leading end-to-end loyalty and rewards solutions providers in the CEMEA region.