Novare Africa Property Fund II, has announced its final close, raising $350m (R5.25bn) for investment in a portfolio of new developments in, amongst others, Nigeria, Zambia and Mozambique.
Oando, Nigeria’s indigenous energy group, listed on both the Nigerian and Johannesburg Stock Exchange, has announced a $210m recapitalization of its downstream operations by HV Investments II B.V., a joint venture owned by Helios Investment Partners and the Vitol Group.
TLG Credit Opportunities Fund (COF) has invested an undisclosed amount in Homestrings, a diaspora crowdfunding platform for frontier and emerging markets.
WDB Investment Holdings and Grovest, South Africa’s first venture capital company, have invested in Seed Engine, an ICT accelerator that equips entrepreneurs with the skills they need to create, grow and build their businesses.
Metier Capital Growth Fund II is hoping to have a final close in the next month and a half, according to J-P Fourie, Head of Investor Relations at Metier.
Wendel, a French investment company, has announced its first investment in the African shopping malls sector by acquiring a 40% stake in SGI Africa, alongside the CFAO group.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided a R200m($13.7m) expansion capital facility to New GX Capital, a 100% black and family owned investment company.
RMB Holdings (RMH) has acquired a 34% stake in urban renewal property company, Propertuity Development Company, a South African urban renewal group.
Angola Capital Investments (ACI), an international investment firm headquartered in Angola, has announced a major investment through one of their major holding companies Bluoshen, in Hotel Casa Rosa.
African Infrastructure Investment Managers (AIIM) has announced the successful sale of investments in three privately-concessioned toll roads in Southern Africa, to a consortium of largely existing investors including Public Investment Corporation, Liberty Group, Old Mutual and Africa Finance Corporation.
The Private Equity team at Nedbank Corporate and Investment Banking (CIB) has become a 25% shareholder in Comsol Networks, alongside existing shareholders Convergence Partners and the management team of Comsol.
Development Partners International (DPI), a $1.1bn Africa-focused private equity firm, has committed around 36% of its second private equity fund, ADP II, according to Runa Alam, CEO and co-founder.
Vantage Capital, Africa’s largest mezzanine fund manager, has disbursed the second and final tranche of a R250m ($17m) expansion capital facility to Vumatel.
Alitheia Identity Managers (AIM) has partnered with Capria Ventures, a global impact investment firm that works with local fund managers to accelerate the flow of capital in emerging markets.
