Mergence Investment Managers, an independent specialist boutique asset management company based in South Africa, has said it sees 26% annual compound growth in unlisted investments and will leverage off commodities trading subsidiary.
Amethis Fund II, alongside Kibo Fund II and Proparco have acquired a minority equity stake in Merec Industries, a fully integrated miller and packaged food manufacturer in Mozambique.
The Rise Fund, a global investment fund managed by TPG Growth, has acquired a 34% stake in Wilderness Holdings, an ecotourism group with operations in seven African countries.
PAPE Fund Managers, an established black-owned boutique private equity manager, has announced the first close of PAPE Fund III, with Investors committing initial capital of ZAR471m.
Futuregrowth Development Equity Fund has acquired an undisclosed equity stake in commercial and industrial technology group Symion.
Partners Group and Convergence Partners have established Helical Capital Partners, a private markets firm that will provide the South African investor community with access to a diversified, global portfolio of private investments. Helical Capital Partners’ South African operations will be based in Johannesburg and will be led by principals Craig Beney (previously COO of Convergence Partners) and Carlos Ferreira (previously CEO of Fairstone Capital).
Franklin Templeton Investments, a global investment management firm, has led a $3m Series A funding round in Bambu, a global provider of robo-advisory technology.
Denham Capital, a resources and energy-focused global private equity firm, has closed its first stand-alone mining fund, the Denham Mining Fund, at $558m to expand its’ portfolio in Australia, Canada, South America and Africa.
Alta Semper, a private equity manager investing flexible and strategic capital across select African frontier markets, has partnered with Oncologie & Diagnostic du Maroc (ODM), Morocco’s oncology, radiology and diagnostics platform.
XSML, a fund manager active in Central and East Africa, has made its seventh investment in Uganda with TMR International Hospital (TMR), a general hospital that specializes in maternity healthcare, emergency relief and ENT.
African Infrastructure Investment Managers (AIIM), Africa’s largest infrastructure-focused private equity fund manager, has acquired a 50% stake in Société d’Exploitation et de Gestion Aéroportuaires (SEGAP), a holding company with an established portfolio of airport investments across West and Central Africa.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided $10m of mezzanine funding to Cap Tamarin, a mixed-used, residentially-focused “Smart & Happy” Village in Mauritius.
Kuramo Capital, a Pan-African independent investment management group, has completed a Series A financing round in Green Africa Airways, a value airline headquartered in Lagos, Nigeria.
Colony Capital, a global investment management firm, has agreed to acquire the Abraaj Group’s Sub-Saharan Africa fund management business and the Group’s Limited Partnership interests in the underlying Funds. In addition, Colony will acquire Latin America, North Africa and Turkey Funds, along with staff in the eight offices being transferred under the terms of the deal.
