14 Oct
News > Private Equity > PE Industry News
The latest RisCura-SAVCA South African Private Equity Performance Report indicates that prospects for the local private equity industry are looking up, with the ten-, five-, and three-year ZAR internal rate of returns (IRRs) having improved from 13.2%*, 12.2%* and 7.0%* in Q4 2018 to 14.5%, 12.8% and 8.2% in Q1 2019, respectively.
10 Oct
News > Private Equity > Deals
The Emerging Africa Infrastructure Fund (EAIF) has completed its first project in affordable housing in Africa, by investing KES1.3bn ($12.7m) in a privately placed note issue in Kenya that raised a total of KES4.3bn.
7 Oct
News > Private Equity > Exits
Amethis has sold its minority stake in Compagnie de Distribution de Côte d'Ivoire (CDCI) to Groupe Retail Holding, a Moroccan group that holds several modern distribution franchises in Morocco.
7 Oct
News > Private Equity > PE Industry News
The Southern African Private Equity and Venture Capital Association (SAVCA), in partnership with First National Bank (FNB) and the SA SME Fund as lead sponsors, has launched a Fund Manager Development Programme (FMDP) with the aim of increasing the number of female- and black-owned and managed fund managers.
1 Oct
News > Private Equity > PE Industry News
African fundraising for the first half of 2019 reached $1.7bn in final closes and $0.9bn in interim closes, according to the African Private Equity Data Tracker, released by the the African Private Equity and Venture Capital Association (AVCA).
27 Sep
News > Private Equity > Deals
Adenia Partners, a private equity firm investing in Sub-Saharan Africa, has completed a majority investment in Quick Mart.
26 Sep
News > Private Equity > Deals
Verod Capital Management has received regulatory approvals for its acquisition of 100% of the shareholding of Metropolitan Life Insurance Nigeria from South African-based Momentum Metropolitan Holdings.
25 Sep
News > Private Equity > Deals
Flourish Ventures, a venture company of The Omidyar Group, the partners of DST Global, and existing seed investors Newfund, Speedinvest, and Le Studio VC, have invested €10m in FairMoney in a Series A investment round.
24 Sep
News > Private Equity > Deals
Development Partners International (DPI), a pan-African focused private equity firm, and Convergence Partners have co-invested in Channel VAS, a fintech provider of mobile financial and airtime credit services operating in Africa, Asia and the Middle East.
12 Sep
News > Private Equity > Deals
South African based venture capital firm Vunani Capital has announced its recent investment into SnapnSave through the Vunani Fintech Fund.
12 Sep
News > Private Equity > Fundraising
Accion Venture Lab has added $33m to its initial capital pool, with the launch of a new $23m fund and an additional, separate $10m investment from nonpofit Accion.
12 Sep
News > Private Equity > Deals
Amethis, an investment fund manager dedicated to the African continent, has acquired a stake in VLH, the hospitality subsidiary of Rogers Group, a listed company on the Stock Exchange of Mauritius.
5 Sep
News > Private Equity > Exits
IFC and the funds managed by the IFC Asset Management Company (AMC) have sold their 14.1% stake in Ecobank Transnational Incorporated (ETI) to Arise.
5 Sep
News > Private Equity > Fundraising
Tamela Capital Partners, a subsidiary of Tamela Holdings, has annouxned the first closing of the Tamela Mezzanine Debt Fund 1 (Tamela Mezz Fund) at R420m.
