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.
The Carlyle Group has agreed to acquire a significant stake in Africa’s largest credit rating agency Global Credit Rating (GCR) from the management founders, and German development financial institution DEG.
Capital Group Private Markets, an emerging markets private equity group and part of the Capital Group Companies, has joined Wendel as significant minority shareholder in Tsebo, a Pan-African facilities services company.
CDG Capital Private Equity, a private investment fund based in Morocco, has sold its stake in regional outsourcing company Intelcia to Altice Group, a multinational group operating in telecommunications, content and media.
One of the most underutilised opportunities to drive economic growth in South Africa is through the investment of private equity, according to Paul Boynton, CEO of Old Mutual Alternative Investments.
