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.
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North African and Sub-Saharan Africa, has acquired a stake in CAIRO SCAN, a private provider of medical imaging services and diagnostics in Egypt, through its third fund (MC III).
The Emerging Africa Infrastructure Fund (EAIF), a part of the Private Infrastructure Development Group (PIDG), and Akuo Energy, a French green IPP, have signed a financing of the Akuo Kita Solar power plant, to be built at Kita in southern Mali.
wiGroup, a mobile transacting software company, has secured investment from two leading global companies to fast-track its entry into emerging and developed markets.
Injaro Investments and BIO have backed AviNiger, a poultry farm built with stringent specifications to cater for animal welfare and supply quality consumer eggs to reduce the deficit of protein foods in Niger.
Off Grid Electric has secured the largest venture equity investment into Africa – $55m in Series D funding led by Helios, acting on behalf of funds it advises, with support from GE Ventures and existing investors.
InfraCo Africa has signed a shareholders agreement with Berkeley Energy, committing $30m of equity investment to the Corbetti Geothermal project, doubling its original commitment of $15m.
