The PRI has launched guidance on the incorporation of ESG provisions in private equity fund terms, the result of a year-long consultation with PRI signatories, expert counsel and industry associations.
Grotech, a Section 12J Venture Capital company in South Africa, has rebranded as Kalon Venture Partners.
Milost Global, an American private equity firm headquartered in New York, has announced the formation of a subsidiary company in Africa, Milost Bank Africa Limited (MBAL).
Mesa Fund 1, a global opportunity fund that is managed by Milost Global, has partnered with TC’s Energy Limited on a Ghanaian energy project.
Vakayi Capital, a venture capital firm that is the country’s only small and medium enterprise (SME) focused impact investor, alongside Capria Ventures and Lendahand has committed to invest about $375,000 to Homelux Property Development.
TA Associates, one of the largest and most experienced global growth private equity firms, has backed Inspired, a leading group of premium schools in Europe, Africa, Latin America and Australia.
Chinese ride-hailing company DiDi Chuxing is investing an undisclosed amount in Estonian online taxi firm Taxify to help it expand in Europe and Africa, where it has gained share in some cities against US player Uber.
Greycroft Partners and Green Visor Capital with participation from Y Combinator and Glynn Capital, have invested over $10m in Flutterwave in a Series A round of funding.
Wamda Capital - led investment consortium has invested $10.4m in Twiga Foods, a mobile-based food supply system for Kenya's urban retailers.
Convergence Partners Investments, an investment firm focused on the TMT sector in Africa, has exited its investment in specialist IT services and solutions company, Dimension Data Middle East & Africa (DiData), for an undisclosed sum. Convergence Partners Investments first invested in DiData in 2004 as part of the original DiData B-BBEE transaction and remained invested until June 2017. The contractual investment term ended in September 2016 and Convergence Partners and DiData negotiated a consensual exit to the investment. "Convergence Partners has now fully exited its shareholding in DiData and Andile Ngcaba has stepped down from the various group Boards on which he served and as Executive Chairman of DiData," the firm said in a statement. Convergence Partners continues to invest in TMT companies across sub-Saharan Africa that it believes will deliver enhanced returns for investors, while underpinning continental development. Dimension Data provides IT products and services, and has operations in five territories: Americas, Asia Pacific, Australia, Europe, and the Middle East & Africa.
XSML, the fund manager active in Central & East Africa, has invested via its African Rivers Fund (ARF), in Qualicoff, an exporter of Ugandan coffee beans.
Helios Investment Partners has acquired 100% of Fertilizers and Inputs Holding, which holds Louis Dreyfus Company’s (LDC) Africa-based fertilizers and inputs operations.
Verod Capital Management, a West African private equity firm, has agreed to acquire a significant minority stake in Greensprings Educational Services.
Long4Life, an investment holding company, has acquired Sorbet Group of companies comprising health, beauty and grooming outlets situated across South Africa and with an emerging footprint in the UK.
