Actis has completed fundraising for its Actis Long Life Infrastructure Fund (ALLIF) with over $1.23bn of fund commitments plus co-investment, delivering up to approximately $2bn of investable capital for this new strategy.
Goldman Sachs - led investment consortium has invested $20m in Nigeria-based freight logistics business Kobo360.
The Norwegian Investment Fund for Developing Countries (Norfund) has invested in Sundry Foods, an integrated food services company operating in the Quick Service Restaurant (QSR), Bakery and Catering Services sectors in Nigeria.
Verod Capital Management and Red Bull GmbH, have invested in West Africa’s largest clothing manufacturer, DTRT Apparel.
DOB Equity, a Dutch family-backed impact investor in East Africa, and Global Innovation Fund (GIF), in partnership with Unilever, have co-invested in Mr. Green Africa, the Nairobi based recycler and recycled plastics supplier.
As part of the IPO, responsAbility Investments and Helios Investment Partners, have completed partial exits of their stakes in Fawry, Egyptian provider of payment services to more than 20 million clients across all segments of the population.
PAPE Fund III has achieved final closing with total capital commitments of R950m from local and international institutional investors and private investment entities, as well as a capital investment commitment by the General Partner of the fund.
African Infrastructure Investment Managers (AIIM), and Nedbank Energy Finance have agreed to invest R400m in the renewable energy provider SOLA Group.
Following the successful delisting of Torre Industries from the JSE in April 2019, the business was successfully separated into Torre Analytical Services (TAS) acquired by Ethos Mid Market Fund I (EMMF) and Torre Industrial (TI) acquired by Apex Partners.
Verod Capital Management has announced an interim close of Verod Capital Growth Fund III at $150m, exceeding the size of its predecessor fund, Verod Capital Growth Fund II LP (Verod Fund II).
IFC and Quona Capital, with participation from existing investors Accion Venture Lab and Newid Capital, have invested $6.5m in Lulalend, South Africa’s first online automated provider of short-term funding for small and medium enterprises (SMEs).
Schroders, a global investment manager, has agreed to acquire a majority stake in Switzerland-headquartered microfinance and impact investor BlueOrchard.
Denham Capital, a global energy and resources private equity firm, has sold BioTherm Energy to Actis Capital, an emerging market investor, for an undisclosed sum.
responsAbility Investments AG, an impact asset manager, has closed a $175m securitization of loans to microfinance and SME-finance institutions in emerging markets.
