South African asset manager Stanlib has partnered with Chestnut Uganda for the construction and development of a $50m shopping mall in Kampala.
The Carlyle Group has acquired through its Sub-Saharan Africa Fund, a 75% stake in CMC Networks (CMC), Africa’s largest managed connectivity provider, for over $100m (R1.4bn).
Within a month of its first closing, Ethos Mid Market Fund I has concluded investments into Autozone, Eazi Access and Twinsaver, acquiring 15%, 10% and 15% shareholding accordingly.
African Infrastructure Investment Managers (AIIM) has acquired a 60% effective interest in DSM Corridor Group Tanzania (DCG), a specialist dry bulk terminal operator in the Port of Dar es Salaam.
The South African M&A market is predicted to grow by 66% in the next two years, according to the Global Transactions Forecast issued by Baker McKenzie in association with Oxford Economics.
US venture capital firms Draper Associates and Greycroft Partners alongside existing investors have injected $2.5m in BitPesa, a pan-African bitcoin startup.
EXEO Capital, a pan-African private equity investment firm, has raised over $100m for the first close of its Agri-Vie Fund II, focused on the food and agribusiness sector in Sub-Saharan Africa.
Cytonn Investments has acquired a 25% stake in Superior Homes, a real estate developer in Kenya, with an option for further purchase over the near term.
Gaia Infrastructure Capital, a South African infrastructure investment holding company, has completed the acquisition of a 25.2% interest in Dorper Wind Farm for R501m ($37.49m).
Impact investing is increasingly becoming an effective driver of socio-economic development in South Africa, particularly in the education space, Africa Global Funds has learned.
Inspired Evolution, a South African clean energy and resource efficiency specialised fund manager, is targeting $250m for a final closing of its Evolution II fund by the end of 2017.
Inspired Evolution, a South African clean energy and resource efficiency specialised fund manager, has exited a number of its renewable energy investments held in its Evolution One Fund portfolio.
The Rocket Internet Capital Partners fund (RICP) has held its final closing at the hard cap of $1.0bn dedicated to early stage and growth equity investments in the global Internet sector.
While almost half of global endowments and foundations are planing to increase their private equity exposure in 2017, institutions in Southern Africa are still lagging behind their peers, Africa Global Funds has learned.
