5 Oct
News > Private Equity > Exits
Development Partners International (DPI) has sold ADP II’s 33.4% stake in Egyptian retailer B.TECH to the Saudi Egyptian Investment Company (SEIC), a wholly-owned subsidiary of the Saudi Public Investment Fund (PIF).
29 Sep
News > Private Equity > Fundraising
Janngo Capital Startup Fund (JCSF) has announced its first close at €34m (approximately $36m) in capital commitments.
29 Sep
News > Private Equity > Fundraising
The Fund for Export Development in Africa (FEDA), the impact investment arm of the African Export-Import Bank (Afreximbank), has reached its first close of $670m across its four fund strategies.
28 Sep
News > Private Equity > Deals
Alitheia IDF (AIF), Africa’s first and largest gender-lens private equity fund, has led a $11m investment round in SweepSouth, an online home services platform with presence across Africa.
27 Sep
News > Private Equity > Fundraising
Injaro Investment Advisors, a Ghanaian growth capital investor, has announced the successful first closing of the Injaro Ghana Venture Capital Fund (IGVCF), its inaugural Ghana Cedi denominated fund with GHS127m ($12.27) in total commitments.
27 Sep
News > Private Equity > Deals
African Infrastructure Investment Managers (AIIM) via its IDEAS Fund has invested an additional $73m into the newly merged Starsight Energy and SolarAfrica, signalling a significant vote of confidence from Africa’s largest infrastructure-focused private equity manager.
26 Sep
News > Private Equity > Deals
TLcom and Partech have co-led a $20m series A equity round in Vendease, a Y Combinator backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations.
22 Sep
News > Private Equity > Exits
OVH Energy BV, a joint venture between Vitol and Helios, has completed the sale of its 100% share in OVH Energy Marketing Limited and ASPM Limited to Nueoil Energy Limited, a local Nigerian company. OVH Energy Marketing Limited and ASPM Limited are now wholly owned by Nueoil Energy Limited, marking OVH Energy BV’s exit from Nigeria.
19 Sep
News > Private Equity > Deals
AfricInvest, via the Cathay Africinvest Innovation Fund, and Novastar Ventures, have led a $10m Series A equity in Turaco, an insurtech company driving mass market insurance adoption.
16 Sep
News > Private Equity > Fundraising
Sanari Capital has announced a R475m (c.$28m) first close on its Sanari 3S Growth Fund, receiving commitments from leading institutional investors, including the 27Four Black Business Growth Fund, RisCura (on behalf of various clients), and the National Fund for Municipal Workers.
9 Sep
News > Private Equity > Deals
AfricInvest has invested $30m in Pre-Series B round in ArabyAds, an AdTech company in the MENA region.
26 Aug
News > Private Equity > Deals
Tana Africa Capital and Sango Capital have made a minority investment in Sundry Markets, one of Nigeria’s fastest growing modern grocery retailers.
25 Aug
News > Private Equity > Deals
Mergence Investment Managers, through its Infrastructure and Development Equity Fund, has acquired a controlling equity stake in a portion of the innovative affordable rental housing group, Live Easy.
17 Aug
News > Private Equity > Deals
Verdant Capital Hybrid Fund has announced its first $7m subordinated debt investment in Watu Credit Uganda to expand its footprint of two-wheeler financing throughout the country.