BHR Newwood, an affiliate of BHR Partners, a Chinese private equity firm, has acquired an indirect interest in TF Holdings from Lundin Mining Corporation for $1.136bn in cash.
Investec Asset Management has exited from its mezzanine investment in SA Taxi, the first financial services provider to focus solely on the taxi industry in South Africa.
Oasis Capital Ghana has invested an undisclosed amount in Everpure Holdings, a water bottling company operating in Ghana.
Factor(e) Ventures, Put Your Money Where Your Meaning Is Community (PYMWYMIC), the Doen Foundation, Energy Access Ventures, and the Montpelier Foundation have backed Inspirafarms.
Quantum Global’s Mezzanine Fund has invested in a new joint venture with Tomé International and Independent Power Corporation (IPC) to develop power assets in sub-Saharan Africa.
Catalyst Principal Partners has acquired a significant minority interest in Kensta Group, a compilation of companies bringing together a diverse range of print and digital mediums.
In Africa, M&A activity has dropped since the last quarter results, but there are still massive opportunities for M&A investment on the continent, according to Baker McKenzie.
Actis has sold its remaining 7.5% stake in Edita Food Industries (Edita) to 42 blue-chip international investors from the USA, UK, Germany, South Africa, and the UAE.
Synergy Private Equity Fund (SPEF) has invested an undisclosed amount in Northstar Finance Services, a financial services platform providing solutions across the financial service value chain in select countries across West Africa.
As Environmental Social and Governance (ESG) factors gain prominence in the international investment community, sustainable investing has also improved in Africa, according to a new research.
Kibo Fund II, a $63m regional growth fund managed by Kibo Capital Partners, has invested in I&M Bank Rwanda, the oldest and one of the most profitable banks in Rwanda.
AfricInvest and Mediterrania Capital Partners have sold their stakes in Grupo San Jose & Lopez (SJL), a logistics and international road freight transport company with operations in the Maghreb and Europe.
Centum has sold its 26.43% stake in KWA Holding East Africa (KWA), one of the foremost manufacturers and distributors of spirits and wines in Kenya, to Distell International Holdings, a subsidiary of Distell Group.
The Momentum Africa Real Estate Fund (MAREF) has raised $170m at the final close, receiving commitments from a total of 18 investors including African pension funds, institutions and family offices.
