The South African private equity industry delivered a 10-year (in Rand terms) internal rate of return of 12.9% at September 2017, according to the latest Q3 2017 RisCura-SAVCA South African Private Equity Performance Report.
Swicorp and Wamda have led a financing round in Mumzworld, one of the Middle East and North Africa (MENA) e-commerce players dedicated to mothers, babies and children.
Ethos Mid Market Fund I has acquire a 31% equity stake in South African-based corporate Internet Service Provider, Echo. Arshad Essa, Ethos partner, said: “We are investing behind Echo’s market penetration drive into South Africa, where the business already provides best-of-breed network solutions to an increasingly diversified client base.”
Goodwell Investments has acquired a minority equity stake in Oradian, one of the world’s fastest growing providers of digital solutions for financial institutions in frontier markets.
Investec Asset Management, through its Africa Private Equity capability, has recently concluded a further equity investment in Mobisol, following the initial investment made in late 2016.
Amethis has acquired a significant minority stake in Groupe Premium, an industrial equipment distributor in Morocco and now present in West Africa, to support the firm’s African expansion.
Cepheus Growth Capital Partners, a private equity firm, has successfully reached its first close at $51m of its Cepheus Growth Capital Fund, receiving strong support from CDC Group, Norfund, and the European Investment Bank — family offices and various high net-worth individuals.
Ascent Rift Valley Fund (ARVF), an SME Private Equity Fund investor, has signed an investment deal that will see it acquire a majority stake in Auto Springs East Africa.
Capria Network, which includes 11 fund managers across 5 continents, is aiming to raise $200m by December 2018, to deploy funds in sectors that make a critical difference to large sections of the population in emerging markets.
Ashburton Investments is looking to raise between R1bn and R1.5bn of commitments from investors for its Rand denominated Ashburton Mezzanine Fund I, Africa Global Funds can reveal.
Actis has agreed to sell its 79.5% majority stake in Mentor Management, a Kenyan project management company, to Turner & Townsend, a global construction and management consultant.
EXEO Capital via its $175m Agri-Vie Fund II has made an inaugural investment into a fast-growing aquaculture company operating on the South and West coasts of South Africa – TerraSan.
Mergence Investment Managers has announced a successful first exit from an investment in a solar energy project housed in the Mergence Renewable Energy Debt Fund I.
Goodwell Investments has reached final closing of its Goodwell III fund, raising €20m from over 30 investors for investments in inclusive economy in Sub-Saharan Africa.
