Amethis has announced an intermediary closing of its second Pan-African fund, Amethis Fund II, with €305m in commitments, exceeding its initial target of €300m.
Partech has announced the final closing of its Partech Africa fund at €125m ($143m) more than double the size of its first closing a year ago at €57m ($70m).
Britam Asset Managers has invested Kes1.4bn in Everstrong Capital, a private equity firm that invests in energy assets in Africa, in a bid to diversify and grow its investment portfolio.
Gulf Capital, one of the largest and most active alternative asset management firms in the Middle East, has invested $22m in CHO Company, a fully-integrated global producer and exporter of organic and natural olive oil with headquarters based in Tunisia.
Berkshire Partners, a Boston-based investment firm, has agreed to acquire a majority stake in Teraco Data Environments, Africa’s provider of colocation datacentre infrastructure.
Agri-Vie Fund II, a private equity fund focused on food and agribusiness investments in Sub-Saharan Africa, has acquired a 36,5% stake in South African FMCG manufacturer, Jumbo Brands.
Adenia Partners, a private equity firm investing in Sub-Saharan Africa, has announced that on December 5 2018, it completed an investment in Tumaini Self Service through a special purpose vehicle, Sokoni Retail Kenya.
The Fund I&P Afrique Entrepreneurs 1 (IPAE 1), managed by Investisseurs & Partenaires has exited from two portfolio companies: the group CONERGIES, based in Côte d’Ivoire and Mali, and the Senegalese company Delta Irrigation.
South African venture capital firm Kalon Venture Partners has invested R10m in local property tech platform Flow, an app that rewards tenants for good behaviour.
CrossBoundary Energy Access (CBEA), Africa’s first blended project financing facility for mini-grids, has launched with funding commitments from impact-first investors The Rockefeller Foundation and Ceniarth.
Ata Capital, a majority black-owned and 100% black managed investment management company, is raising its third fund and is targeting R1.5bn from South African institutional investors.
Advanced Finance and Investment Group (AFIG Funds), through AFIG Fund II, has completed an investment in NEM Insurance, by acquiring 29.9% of the company's shares from some existing shareholders.
Goodwell Investments has acquired an undisclosed stake in Copia, a promising e-commerce business that specialises in supplying products and services to currently underserved consumers in rural Kenya.
SunFunder - led consortium has closed a $9m receivables financing facility with Kampala-based off-grid solar company SolarNow.
