SAVCA 2017 Case Study Compendium

Deals

LeapFrog and Omidyar in Cignifi deal

Author: Africa Global Funds | Date: 2017-06-22

LeapFrog Investments has acquired an undisclosed stake in Cignifi, a big data platform that aims to extend financial inclusion to one billion emerging consumers.

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EAIF backs Senegal power station expansion

Author: Africa Global Funds | Date: 2017-06-14

The Emerging Africa Infrastructure Fund (EAIF) has provided a €6.6m financing to Melec PowerGen (Matelec Group), the owner and operator of the Tobene power station in Senegal.

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ABO Capital in CEPI deal

Author: Africa Global Funds | Date: 2017-06-14

ABO Capital, an international investment firm headquartered in Angola, has purchased Complexo Escolar Privado Internacional, the Turkish school in Benfica, a neighbourhood in the Samba district, south of Luanda.

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EAIF backs $76m 40MW solar farm in Mozambique

Author: Africa Global Funds | Date: 2017-06-08

The Emerging Africa Infrastructure Fund (EAIF) has signed a Participation Agreement with the IFC to provide a $16.9m B Loan, with a +16-year term, to Central Solar de Mocuba (CESOM), the private sector developer of the Mocuba solar farm in Northern Mozambique.

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RMI and NPI in SA fintech deal

Author: Africa Global Funds | Date: 2017-06-07

Rand Merchant Investment Holdings (RMI) and Nedbank Private Equity (NPE) have each acquired minority shareholding in SA fintech company Entersekt in a multi-million dollar transaction.

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ASOC Fund I concludes first deal

Author: Anna Lyudvig | Date: 2017-06-06

Africa Special Opportunities Capital (ASOC) Fund I, South Africa’s first dedicated distressed private equity fund, has recently concluded its first transaction by acquiring OptiCo.

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ARF makes first investment in Uganda

Author: Africa Global Funds | Date: 2017-05-22

The African Rivers Fund (ARF), managed by XSML, has made its first investment in Uganda in KARE Distribution (KARE), a wholesaler and distributor of essential consumer goods.

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Caleo Capital & Secha Capital form 12J investment vehicle

Author: Africa Global Funds | Date: 2017-05-22

Caleo Capital, an international wealth and asset management business, has recently invested in and partnered with Secha Capital, a patient capital impact investment holding company that invests in established FMCG and agribusiness SMES in South Africa.

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Convergence, IFC, Google and Mitsui co-invest in CSquared

Author: Africa Global Funds | Date: 2017-05-18

Convergence Partners, Google, IFC and Mitsui & Co. have agreed to invest up to $100m in CSquared, a broadband infrastructure company focused on building wholesale metro fibre optic networks and enabling internet access in Africa.

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Quona Capital invests in AllLife

Author: Africa Global Funds | Date: 2017-05-17

Accion Frontier Inclusion Fund, managed by Quona Capital, has invested an undisclosed amount in AllLife, a South Africa-based life insurance company.

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SPEF makes third investment in West African ICT

Author: Africa Global Funds | Date: 2017-05-17

Synergy Private Equity Fund (SPEF) has acquired an undisclosed stake in Dimension Data Nigeria and Dimension Data Ghana via the acquisition of the Nigerian and Ghanaian subsidiaries of Dimension Data.

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DOB Equity to invest in ALP

Author: Africa Global Funds | Date: 2017-05-13

DOB Equity, a Dutch family office, will invest up to $4m in Africa Logistics Properties Holding (ALP), a developer and manager of modern grade-A warehousing in Kenya.

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Moringa completes investment in Kenya

Author: Africa Global Funds | Date: 2017-05-11

Moringa, an impact investment fund specialising in agroforestry projects in sub-Saharan Africa and Latin America, has finalised its second investment in Africa.

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Catalyst makes first investment with Fund II

Author: Africa Global Funds | Date: 2017-05-08

Catalyst Principal Partners, an Eastern Africa focused private equity firm, has acquired through a newly established firm, Britania Foods, the business and operations of Jambo Biscuits, a biscuits manufacturer in Kenya.

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Helios and GBfoods create Africa's FMCG business

Author: Africa Global Funds | Date: 2017-05-04

Helios Investment Partners has partnered with GBfoods, a multinational food company headquartered in Barcelona, to create one of Africa’s largest fast moving consumer goods (FMCG) businesses.

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Catalyst invests in Kensta Group

Author: Africa Global Funds | Date: 2017-04-24

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.

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SPEF acquires stake in Northstar

Author: Africa Global Funds | Date: 2017-04-13

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.

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Kibo takes stake in I&M Bank Rwanda

Author: Africa Global Funds | Date: 2017-04-10

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.

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KNF Ventures backs Quicket

Author: Africa Global Funds | Date: 2017-03-31

KNF Ventures, a SARS-approved section 12J venture capital company in South Africa, has invested in Quicket, an online ticketing services solution scale-up company.

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8 Miles backs tropical fruit producer

Author: Africa Global Funds | Date: 2017-03-27

8 Miles, a pan-African private equity firm, has invested in Blue Skies, a UK-incorporated business with operations in several African countries.

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Kleoss takes stake in Debt Rescue

Author: Africa Global Funds | Date: 2017-03-16

Kleoss Capital, a South African private equity firm, has bought an undisclosed stake in one of the largest debt counselling firms in South Africa, Debt Rescue.

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TA Associates makes maiden investment in Africa

Author: Africa Global Funds | Date: 2017-03-08

TA Associates, a global growth private equity firm, has acquired a minority equity interest in Interswitch, an Africa-focused integrated digital payments and commerce company.

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Apis takes stake in Trans-Fast Remittance

Author: Africa Global Funds | Date: 2017-03-07

Apis Growth Fund I, a private equity fund managed by Apis Partners, has acquired a non-controlling minority stake in Trans-Fast Remittance, a global payments company.

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IVP-led consortium invests $30m in Tala

Author: Africa Global Funds | Date: 2017-03-04

IVP alongside Ribbit Capital and others have injected more than $30m in Series B financing round in Tala, a mobile technology and data science company.

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FWA completes takeover of Imara

Author: Africa Global Funds | Date: 2017-03-02

FWA Financial, a private diversified African investment company, has acquired 90% of total issued share capital in Imara, a Botswana listed asset management and advisory group.

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Medu Capital takes 15% stake in HeroTel

Author: Anna Lyudvig | Date: 2017-02-28

Medu Capital, a private equity company focused on established medium sized owner-managed businesses, has acquired a 15% stake in Hero Telecoms (HeroTel) at an enterprise value of R495m.

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Trustco secures up to $40m from Helios

Author: Africa Global Funds | Date: 2017-02-27

Trustco Group Holdings has secured N$1bn in capital over the last six months through various funders, with the latest being a financing facility of up to N$540m ($40m) in December 2016 with Helios Credit Partners.

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Carlyle acquires CMC Networks

Author: Africa Global Funds | Date: 2017-02-07

The Carlyle Group has acquired through its Sub-Saharan Africa Fund, a majority stake in CMC Networks (CMC), Africa’s largest managed connectivity provider, for over $100m (R1.4bn).

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AIIM acquires majority stake in DCG

Author: Africa Global Funds | Date: 2017-02-02

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.

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GAIA acquires 25.2% stake in Dorper Wind Farm

Author: Africa Global Funds | Date: 2017-01-26

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).

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Carlyle to acquire Global Credit Rating

Author: Africa Global Funds | Date: 2017-01-17

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.

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Capital Group co-invests in Tsebo

Author: Africa Global Funds | Date: 2017-01-15

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.

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Moringa invests in Benin's cashew exporter

Author: Africa Global Funds | Date: 2017-01-11

Moringa SICAR, a €84m investment vehicle for agroforestry projects with high environmental and social impacts, has invested an undisclosed amount in Tolaro Global, a cashew kernels processor and exporter in Benin.

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AfricInvest takes stake in Azalaï Hotels

Author: Africa Global Funds | Date: 2016-12-29

AfricInvest III, a fund managed by AfricInvest Group has completed a €17.3m equity investment in Azalaï Hotels, the holding company of one of the main Pan-African hospitality groups in the ECOWAS region.

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Oando completes gas and power partial divestment to Helios

Author: Africa Global Funds | Date: 2016-12-21

Oando has announced the completion of a partial divestment of 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power (OGP), to Glover Gas & Power B.V., a special purpose vehicle owned by Helios Investment Partners.

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OPIC, Pembani Remgro invest in Lumos Global

Author: Africa Global Funds | Date: 2016-12-16

Lumos Global, a a Netherlands-based off-grid solar firm operating in Nigeria, has raised $90m in a funding round from OPIC, Pembani Remgro and other investors.

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Amandi Energy receives $552m financing

Author: Africa Global Funds | Date: 2016-12-16

The Amandi Energy consortium has reached financial close and begun construction of the $552m Amandi Energy Power Plant in Aboadze, Ghana.

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Futuregrowth invests in SA Taxi

Author: Africa Global Funds | Date: 2016-12-09

Futuregrowth Asset Management has provided R300m ($21.72m) in funding to SA Taxi to provide financing to the company's Zebra Cabs owner-driver scheme.

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SPEF backs MSY Analytics Group

Author: Africa Global Funds | Date: 2016-12-05

Synergy Private Equity Fund (SPEF) has invested in MSY Analytics Group (MSY), a technology driven professional services and data analytics company, focused on increasing corporate human capital productivity and organizational positioning.

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Capitalworks and Tiso in IQ Business deal

Author: Africa Global Funds | Date: 2016-11-30

Capitalworks, a South African independent alternative asset management firm, has acquired a significant interest in IQ Business, an independent management consulting firm in South Africa.

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NBK and EBRD support Egyptian education sector

Author: Africa Global Funds | Date: 2016-11-28

NBK Capital Partners and the European Bank for Reconstruction and Development (EBRD) have invested an undisclosed sum in Kaumeya Language Schools (KLS) in Egypt to support the school in the next phase of its growth.

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Carlyle to acquire CMC

Author: Africa Global Funds | Date: 2016-11-27

The Carlyle Group, a global alternative asset manager, has agreed to acquire a majority stake in CMC Networks, a Pan-African provider of managed connectivity solutions for global telecoms providers.

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HAVAIC leads investment in SA tech startup

Author: Africa Global Funds | Date: 2016-11-22

African boutique investment and advisory firm HAVAIC, together with funding from UK-based investor Kevin Gaskell, have injected R6.5m into South African creative technology startup delvv.io.

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BHR to acquire interest in DRC mine

Author: Africa Global Funds | Date: 2016-11-16

BHR has agreed to acquire TF Holdings from Lundin Mining Corporation, which has an indirect 30% interest in the company and an effective 24% interest in Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo.

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ARC backs Sinayo Securities

Author: Africa Global Funds | Date: 2016-11-07

African Rainbow Capital has acquired a 49% interest in Sinayo Securities, a Johannesburg-based equities brokerage firm, to expand its institutional client base and broaden its brokerage services.

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EIAF and FMO in $14.7m loan

Author: Africa Global Funds | Date: 2016-10-27

The Emerging Africa Infrastructure Fund (EAIF) has participated in a syndicate led by the Dutch development bank, FMO, to provide a $14.7m loan to enable the construction of a 10MW solar farm in the Tororo area of Eastern Uganda.

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AOG transfers ownership of Addax Bioenergy Sierra Leone

Author: Africa Global Funds | Date: 2016-10-18

AOG has transferred 75.1% ownership of Addax Bioenergy, its sugarcane bioethanol and renewable electricity operation in Makeni, Sierra Leone, to a group of investors led by Sunbird Bioenergy Africa (Sunbird Bioenergy group).

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Synergy backs Vester Oil Mill Ghana

Author: Africa Global Funds | Date: 2016-10-13

Synergy Capital Managers through its Synergy Private Equity Fund (SPEF) has invested in Vester Oil Mill, a multiproduct company producing oilseed meals and oilseed crude oils in Ghana.

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Silvertree backs CarZar

Author: Anna Lyudvig | Date: 2016-10-11

Silvertree Internet Holdings, a South Africa based business incubator, has acquired a significant stake in CarZar, an online auto-trader in South Africa.

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Catalyst makes fourth investment in Tanzania

Author: Africa Global Funds | Date: 2016-10-10

Catalyst Principal Partners, an East African focused private equity firm, has acquired a controlling stake in Zenufa Laboratories, one of the leading pharmaceutical manufacturers in Tanzania.

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GGF expands into Egypt with ALEXBANK investment

Author: Africa Global Funds | Date: 2016-10-09

The Green for Growth Fund (GGF) has announced a $20m senior loan to ALEXBANK, the fund’s first deal in both Egypt and the region following its recently approved expansion into North Africa and the Middle East.

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Accion Venture Lab in Lulalend deal

Author: Africa Global Funds | Date: 2016-10-06

Accion Venture Lab, the early-stage investment vehicle of the financial inclusion firm Accion, with participation from Newid Capital and Hallmann Holding International Investment, have invested in South Africa-based online lending platform Lulalend.

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Investec acquires stake in Mobisol

Author: Africa Global Funds | Date: 2016-10-04

Investec Asset Management, through its African private equity capability, has acquired a significant shareholding in Mobisol, a leading and rapidly-growing provider of off-grid solar home systems (SHS) in Africa.

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Carlyle set to acquire majority stake in Amrod

Author: Africa Global Funds | Date: 2016-09-26

The Carlyle Group has agreed to acquire a majority share of Amrod, a fast-growing supplier of promotional products and clothing, serving distributors in South Africa and neighboring countries.

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FCFT makes first investments

Author: Africa Global Funds | Date: 2016-09-23

Fonds de Co-Localisation Franco-Tunisien (FCFT), the €20m cross-border midcap fund established in July 2016 to invest in growth transactions in France and Tunisia, has announced its first investments.

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Helios signs $115.8m agreement with Oando

Author: Africa Global Funds | Date: 2016-09-21

Helios Investment Partners has signed a $115.8m agreement with Oando to acquire 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power Limited (OGP).

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Adenia Capital III makes final transaction

Author: Africa Global Funds | Date: 2016-09-21

Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, has announced a majority investment in Ademat, a leading business service company in Côte d’Ivoire active in the power sector.

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Conduit in buyout deals

Author: Africa Global Funds | Date: 2016-09-16

Conduit Capital, a South African investment holding company, has acquired the entire issued share capital in Snowball Wealth and Midbrook Lane.

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ADP II invests $100m in ABI

Author: Africa Global Funds | Date: 2016-09-09

Development Partners International (DPI), an Africa-focused private equity firm with $1.1bn under management, has announced a $100m investment through its ADP II Fund in Atlantic Business International (ABI).

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Eos Capital acquires 35% in Fabupharm

Author: Africa Global Funds | Date: 2016-09-05

Eos Capital, a Namibian private equity fund manager that is managing the Allegrow Fund, has acquired 35% of the ordinary share capital of Fabupharm, the only pharmaceutical manufacturing plant in Namibia.

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Invenfin invests in Dynamic Commodities

Author: Africa Global Funds | Date: 2016-08-31

Invenfin, the venture and growth capital division of Remgro, has acquired a 30% stake in Dynamic Commodities, a South African specialist producer and exporter of a range of frozen fruit-based delicacies.

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Spark Venture Fund takes stake in mSurvey

Author: Africa Global Funds | Date: 2016-08-29

Safaricom's Spark Venture Fund has made a strategic investment in mSurvey, a global mobile-first research platform leveraging SMS and mobile messaging technology to simplify access to credible, on-demand data from the emerging world.

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ARC acquires 29.9% stake in CMB International

Author: Africa Global Funds | Date: 2016-08-26

African Rainbow Capital (ARC), a black owned and controlled investment company that forms part of the Patrice Motsepe stable, has invested in a 29.9% share of CMB International, the listed holding company of independent investment banking and advisory firm Bravura.

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BPE Partners partners with Daikin

Author: Africa Global Funds | Date: 2016-08-25

BPE Partners, an Egypt based private equity firm, has partnered with Daikin Europe, a wholly-owned subsidiary of Japan-based air conditioning equipment manufacturer Daikin Industries, to establish Daikin Airconditioning Egypt.

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Afinitas to provide seed capital for Adventis

Author: Africa Global Funds | Date: 2016-08-24

Afinitas, an Africa focused investment company listed on the venture capital board of the Botswana Stock Exchange, has announced the proposed investment of $2.5m into Adventis Limited, a new Africa focused financial services company.

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Zoona raises $15m in Series B round

Author: Africa Global Funds | Date: 2016-08-23

Zoona, an African financial technology company, has raised $15m in a second round of financing from the IFC – led investment consortium.

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Kleoss Capital Fund I invests in Real Foods

Author: Africa Global Funds | Date: 2016-08-19

Kleoss Capital, a South African100% black owned and managed investment manager, has acquired a significant minority stake in Real Foods, a multi-brand food group.

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ARC takes 27.5% stake in Colourfield

Author: Africa Global Funds | Date: 2016-08-16

African Rainbow Capital (ARC) has bought a 27.5% stake in a specialist investment manager Colourfield Liability Solutions for an undisclosed amount, marking its fifth investment in the financial services sector.

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8 Miles, ACA and DEG in Beloxxi deal

Author: Africa Global Funds | Date: 2016-08-15

8 Miles, African Capital Alliance (ACA) and DEG, the German development finance institution, have jointly invested in Beloxxi Industries, a market leading Nigerian biscuit manufacturing company.

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RBH and Kutana acquire major assets from Aveng

Author: Africa Global Funds | Date: 2016-08-14

Royal Bafokeng Holdings (RBH), a South African community-based investment company, has agreed to acquire infrastructure and energy assets from Aveng Capital Partners, for a cash consideration of R860m.

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EAIF provides $20m loan to HTA

Author: Africa Global Funds | Date: 2016-08-08

The Emerging Africa Infrastructure Fund (EAIF) has loaned $20m to Helios Towers Africa (HTA) to partly finance the purchase of 950 telecommunications towers in the Democratic Republic of Congo (DRC).

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FAFIN takes stake in Dayntee Farms

Author: Africa Global Funds | Date: 2016-08-02

FAFIN, an agribusiness‐focused private equity fund managed by Sahel Capital, has invested an undisclosed sum in Dayntee Farms, a commercial poultry farm located in Kwara State, in the North Central region of Nigeria.

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IPAE makes 3 SMEs investments

Author: Africa Global Funds | Date: 2016-08-01

Investisseurs & Partenaires, an impact investment group dedicated to African Small and Medium Enterprises, has announced three investments with its I&P Afrique Entrepreneurs (IPAE) Fund, which entered its last year of investment.

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DPI makes first investment in Egypt

Author: Africa Global Funds | Date: 2016-07-21

Development Partners International (DPI) has invested through its ADP II fund, EGP300m ($33.77m) in B.TECH, Egypt’s household appliances and consumer electronics retailer.

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Silvertree invests in South African pet store

Author: Africa Global Funds | Date: 2016-07-20

Silvertree Internet Holdings, an operating and holding company for early and mid-stage tech businesses targeting African consumers, has invested in South African online pet food and accessory store Pet Heaven.

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HAVAIC invests in Digital Cabinet

Author: Africa Global Funds | Date: 2016-07-18

HAVAIC Limited Partners, the venture capital arm of HAVAIC Holdings South Africa, has invested in Digital Cabinet, a cloud solutions and digital post technology company, by way of a convertible note instrument.

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WDB, Grovest take stakes in Seed Engine

Author: Africa Global Funds | Date: 2016-07-12

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.

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Vantage invests in New GX Capital

Author: Africa Global Funds | Date: 2016-07-08

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.

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Wendel acquires 40% stake in SGI Africa

Author: Africa Global Funds | Date: 2016-07-08

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.

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RMH takes stake in Propertuity

Author: Africa Global Funds | Date: 2016-07-05

RMB Holdings (RMH) has acquired a 34% stake in urban renewal property company, Propertuity Development Company, a South African urban renewal group.

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ACI invests in Hotel Casa Rosa

Author: Africa Global Funds | Date: 2016-07-05

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.

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DPI to close more deals for Fund II

Author: Anna Lyudvig | Date: 2016-06-30

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.

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Nedbank Private Equity invests in Comsol

Author: Africa Global Funds | Date: 2016-06-30

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.

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Phatisa invests in Torre Equipment Africa

Author: Africa Global Funds | Date: 2016-06-23

Phatisa has invested in Torre Equipment Africa (TEA), a pan-African equipment distributor with operations in Côte d’Ivoire, Ghana, Liberia, Sierra Leone, Cameroon and Botswana, among others.

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Injaro backs Ghanaian pineapple exporter

Author: Africa Global Funds | Date: 2016-06-22

Injaro Agricultural Capital Holdings through its Ghanaian subsidiary Injaro Agricultural Venture Capital, has invested in Gold Coast Fruits, a Ghanaian pineapple exporter based in Accra.

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EAV, I&P and others invest $4.3m in Ghanaian off-grid solar company

Author: Africa Global Funds | Date: 2016-06-22

PEG, an off-grid solar company in Ghana, has closed a $4.3m A-2 round, led by Energy Access Ventures, that also includes Blue Haven Initiative, as well as follow-on investment from existing investors, Investisseurs & Partenaires (I&P) and Engie Rassembleurs d’Energies.

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InfraMed invests in Broadband for Africa

Author: Africa Global Funds | Date: 2016-06-21

InfraMed has agreed to acquire a 21% stake in ‘Broadband for Africa’, the venture set up by Eutelsat Communications to provide satellite broadband services on the African continent.

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Accel backs Instabug

Author: Africa Global Funds | Date: 2016-06-20

Accel Partners, an early and growth-stage venture capital firm, powering a global community of entrepreneurs, has led a $1.7m seed financing round for Instabug, Egypt-based provider of software bug reporting tools.

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Helios acquires 60% stake in Telkom Kenya

Author: Africa Global Funds | Date: 2016-06-13

Helios Investment Partners has announced the acquisition of a 60% shareholding in Telkom Kenya by Jamhuri Holdings Limited (JHL), a company owned 100% by HeIios Investors III, a fund advised by Helios Investment Partners.

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Mergence moves to social housing with two investments

Author: Africa Global Funds | Date: 2016-06-08

Mergence Investment Managers has made its first investment into the social housing sector, reaching financial close on loans worth R25m in respect of an initial two South African residential properties.

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Mediterrania Capital II invests in Morocco’s fintech provider

Author: Africa Global Funds | Date: 2016-06-07

Mediterrania Capital Partners has announced the acquisition through its second fund, Mediterrania Capital II, of a stake in MedTech Group, Morocco’s IT business system integrator incorporating solutions from corporations such as Oracle, Microsoft, NCR, Alcatel-Lucent, Cisco, EMC and IBM.

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Convergence backs SA technology start-up

Author: Africa Global Funds | Date: 2016-06-06

Convergence Partners, an investment management firm focused on the telecommunications, media and technology sector in Africa, has invested $1m in a South African technology start-up, Snapt.

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Tembo to invest $6.6m in Strandline Resources

Author: Africa Global Funds | Date: 2016-05-31

Tembo Capital, a mining-focused private equity fund group, has agreed to invest $6.6m in Strandline Resources to ensure that the firm is fully funded to advance its portfolio of high value Tanzanian mineral sands projects over the next two years.

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OMIG increases stake in UFF

Author: Africa Global Funds | Date: 2016-05-25

Africa’s largest private sector investment manager, Old Mutual Investment Group has increased its overall effective equity stake in African agriculture investment group, UFF African Agri Investments, to 49%.

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Actis invests in Moroccan university

Author: Africa Global Funds | Date: 2016-05-20

Actis, an investor in growth markets across Africa, Asia and Latin America, with $6.6bn funds under management, has invested an undisclosed sum in Mundiapolis University, a private university in Morocco.

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Carlyle invests in Mazarine Energy

Author: Africa Global Funds | Date: 2016-05-18

The Carlyle Group, a global alternative asset manager, has invested in Mazarine Energy, an upstream oil and gas company with existing assets in Tunisia.

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Zeder's subsidiary takes 49% stake in Farm-Ag

Author: Africa Global Funds | Date: 2016-05-18

Zaad Holdings, a wholly owned subsidiary of Zeder Investments, which serves as its focused platform for operationally complimentary investments in the strategic agri-inputs sector, has acquired a 49% stake in the Farm-Ag Group.

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Harith invests in NOVO Energy

Author: Africa Global Funds | Date: 2016-05-18

Harith General Partners has invested in NOVO Energy, a power and technology company that specialises in supplying alternative fuel technologies and services in Africa.

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Singularity takes stake in Sliide Airtime

Author: Africa Global Funds | Date: 2016-05-13

Singularity Investments, a private investment office primarily focused on investment opportunities in Africa and North America, has invested an undisclosed sum in Sliide Airtime, a privately-held technology company with offices in Lagos and London.

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XSML announces first investment by ARF

Author: Africa Global Funds | Date: 2016-05-09

African Rivers Fund (ARF), managed by the Dutch fund manager XSML, has made its first investment in Institut Aurora, an education provider in the Democratic Republic of the Congo.

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Vantage makes first investment in Namibia

Author: Africa Global Funds | Date: 2016-04-25

Vantage Capital, Africa’s largest mezzanine fund manager, has provided a debenture facility of N80m ($5.52m) to United Africa Group, an established hospitality and property-owning group in Namibia.

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Catalyst invests in Kenya’s Orbit Chemical

Author: Africa Global Funds | Date: 2016-04-25

Catalyst Principal Partners, an East Africa focused private equity firm, has invested in Orbit Chemical Industries, a Kenyan manufacturer providing end-to- end manufacturing production for household and personal care products, industrial chemicals and agro-chemicals.

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Nigeria's Singularity invests in Asoko Insight

Author: Africa Global Funds | Date: 2016-04-20

Singularity Investments, a Nigeria-based investment office specializing in high growth companies operating in Africa’s technology sector, has invested an undisclosed amount in Asoko Insight, a provider of corporate information on African growth markets.

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WAEMGF invests $5.64m in Surfline Communications

Author: Africa Global Funds | Date: 2016-04-15

PCM Capital Partners has invested €5m ($5.64m) in Surfline Communications, a provider of 4G LTE data and other related services to households, SMEs and corporate institutions in Ghana.

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Kenya’s Jamii Bora Bank gets over $11m from two PE funds

Author: Africa Global Funds | Date: 2016-04-11

Equator Capital Partners through its ShoreCap II fund, and Progression Capital Africa via its Progression Eastern African Microfinance Equity Fund, have invested KES1.2bn ($11.87m) in Jamii Bora Bank, a commercial bank in Kenya.

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Orange invests €75m in AIG

Author: Africa Global Funds | Date: 2016-04-05

Orange, a telecommunication operator, has announced a €75m equity investment in Africa Internet Group, the largest e-commerce platform in Africa and parent company of Jumia.

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MC II takes 43% stake in Algerian car rental business

Author: Africa Global Funds | Date: 2016-04-04

Mediterrania Capital Partners, a private equity firm focusing on growth investments for SMEs in North Africa and Sub-Saharan countries, has acquired a 43% stake in Cieptal Cars, a car rental business in Algeria.

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Synergy invests in Nigerian broadband company

Author: Africa Global Funds | Date: 2016-03-24

Synergy Capital Managers has announced an investment in Suburban Fiber Company, a next generation broadband company focused on delivering home content solutions to retail end customers in Abuja and Lagos.

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AfricInvest & Microcred acquire MicroKing

Author: Africa Global Funds | Date: 2016-03-23

AfricInvest Financial Sector Fund and Microcred Group have agreed to acquire a 100% ownership stake in MicroKing Finance (MicroKing), a provider of microfinance products and services in Zimbabwe.

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ShoreCap II acquires minority stake in Nigerian bank

Author: Africa Global Funds | Date: 2016-03-19

Equator Capital Partners, a Chicago based impact fund manager, has invested in Fortis Microfinance Bank, Nigeria, representing a substantial minority position in the Bank, via its managed fund, ShoreCap II Limited.

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Convergence injects growth capital in inQuba

Author: Africa Global Funds | Date: 2016-03-11

Convergence Partners has acquired a significant minority stake in inQuba, a worldwide specialist in managed Customer Experience (CX) software, in order to accelerate its global expansion.

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AfricInvest Fund III takes stake in Silafrica

Author: Africa Global Funds | Date: 2016-03-10

AfricInvest, a pan-African mid-cap-focused private equity firm, has invested in Silafrica Plastics and Packaging International, an East African plastics and packaging group, via its AfricInvest Fund III.

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Medu Capital acquires Universal Paints and Elite Truck Hire

Author: Africa Global Funds | Date: 2016-03-09

Medu Capital, a South African private equity company focused on established medium sized owner-managed businesses, has acquired 100% ownership stakes in Universal Paints and Elite Truck Hire for a total of R450m ($29.32m).

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Angola Capital Investments takes stake in Sphera Bluoshen

Author: Africa Global Funds | Date: 2016-03-07

Angola Capital Investments (ACI), an international investment firm headquartered in Angola, has invested an undisclosed amount in Sphera Bluoshen, a subsidiary of Oshen Group and part of Sphera Global Health Care.

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AIG secures over €300m from Goldman Sachs and others

Author: Africa Global Funds | Date: 2016-03-03

Africa Internet Group (AIG), the parent of Jumia, an e-commerce platform in Africa, has secured more than €300m in funding from new and existing investors, including the previously announced funding commitment from AXA.

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Synergy invests in Africa Terminals

Author: Africa Global Funds | Date: 2016-02-23

Synergy Capital has invested in Africa Terminals, a spin off from DuPort Marine, a trading logistics and maritime company with over eight years’ experience operating in the Nigerian downstream segment.

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Goodwell takes stake in Musoni Services

Author: Africa Global Funds | Date: 2016-02-23

Goodwell Investments has acquired a significant minority stake in Musoni Services, an innovative cloud-based affordable core banking software for microfinance institutions in Africa.

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ACA takes 49% stake in Continental-Re

Author: None | Date: 2016-02-17

Capital Alliance Private Equity IV (CAPE IV), a private equity fund managed by African Capital Alliance (ACA), has acquired a 49% stake in Continental Reinsurance (C-Re), the largest private pan-African reinsurer outside of South Africa.

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AIIP backs SERS

Author: Africa Global Funds | Date: 2016-02-16

African Alpha Investment Partners (AIIP) has backed SERS Ltd, an Africa focused equipment financing company based in Mauritius.

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Amethis completes capital increase in Petro Ivoire

Author: Africa Global Funds | Date: 2016-02-11

Amethis Finance has completed, together with the two other main shareholders of the company, WAEMGF and the Kadio-Morokro family, a capital increase of Petro Ivoire, a gas company in the Ivory Coast.

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Amadeus and MTN invest in Africa’s travel agency

Author: Africa Global Funds | Date: 2016-02-10

Amadeus Capital Partners, a global technology investor, in partnership with MTN, a multinational telecommunications group, have invested $40m in Travelstart, an online travel agency in Africa.

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AXA to acquire 8% stake in Africa Internet Group

Author: Africa Global Funds | Date: 2016-02-08

AXA, a French multinational insurance and asset management group, has announced a €75m investment in Africa Internet Group (AIG), an e-commerce group in Africa, for an 8% stake of the company’s capital.

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Broadreach, Grindrod invest in FS-Systems

Author: Africa Global Funds | Date: 2016-02-02

Broadreach Private Equity, in partnership with Grindrod Financial Services, have acquired an equity stake in FS-Systems, an African systems integrator providing end-to-end fire & electronic security solutions.

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LeapFrog takes majority stake in UT Life

Author: Africa Global Funds | Date: 2016-01-28

LeapFrog Investments, a specialist investor in emerging markets has acquired a majority stake in UT Life Insurance Company, one of the key players in the life insurance sector in Ghana.

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WAEMGF backs First Atlantic Bank Ghana

Author: Africa Global Funds | Date: 2016-01-26

The West Africa Emerging Markets Growth Fund, managed by PCM Capital Partners, has invested in First Atlantic Bank Ghana, a full-scale commercial bank with over 20 years’ experience in the Ghanaian banking industry.

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Ethos buys into The Eazi Group

Author: Africa Global Funds | Date: 2016-01-26

Ethos Private Equity has acquired a 65% stake in The Eazi Group, Africa's market leader in the rental, sale and servicing of work-at-height and material handling solutions, in a deal valued at R1.6bn.

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OMPE acquires stake in In2food

Author: Africa Global Funds | Date: 2016-01-19

Old Mutual Private Equity (OMPE), a division within Old Mutual Alternative Investments, has acquired a significant minority stake in In2food, a South African convenience food manufacturing business.

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Abraaj invests in personal care products manufacturer in Tunisia

Author: Africa Global Funds | Date: 2016-01-18

The Abraaj Group has acquired through its second generation North Africa Fund (ANAF II), a stake in Société d’Articles Hygiéniques (SAH), a leading producer of disposable household and personal care products for babies, women and adults in Tunisia.

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Abraaj acquires Algerian diapers business

Author: Africa Global Funds | Date: 2016-01-11

The Abraaj Group has acquired a significant minority stake in Cellulose Processing (CEPRO), a leading manufacturer and distributor of baby diapers and feminine sanitary pads in Algeria.

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IPAE acquires 48% stake in Tincy Boulangerie

Author: Africa Global Funds | Date: 2016-01-11

I&P Afrique Entrepreneurs (IPAE), an impact fund dedicated to small and medium enterprises based in Sub-Saharan Africa, has acquired 48% of the capital in Tincy Boulangerie, a bakery based in Benin.

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Nest invests in Kenya’s Ongair

Author: Africa Global Funds | Date: 2016-01-09

Venture capital firm Nest has invested in Kenya’s Ongair, a web-based dashboard that enables businesses to engage with their customers on instant messaging platforms like WhatsApp, Messenger, Telegram and WeChat.

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WAEMGF acquires 49% stake in Ubipharm

Author: Africa Global Funds | Date: 2015-12-28

PCM Capital Partners, managers of the West Africa Emerging Markets Growth Fund (WAEMGF) has invested €4.1m in Ubipharm SA to part fund its African expansion.

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Duet acquires Ivory Coast’s dairy company SAPLED

Author: Africa Global Funds | Date: 2015-12-16

Duet Private Equity Group has acquired an Ivory Coast-based Societe Africaine des Produits Laitiers et Derives (SAPLED) from the Sifaoui Group through the creation of Duet Consumer Ivory Coast Holdings.

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OMPE acquires 70% stake in SA golf and cycling business

Author: Africa Global Funds | Date: 2015-12-07

Old Mutual Private Equity (OMPE), a division within Old Mutual Alternative Investments, has acquired a 70% stake in MoreCorp, a sport, leisure and wellness business underpinned by technology with interests in golf and cycling.

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Old Mutual becomes sole shareholder of AIIM

Author: Africa Global Funds | Date: 2015-11-26

Old Mutual Alternative Investments (OMAI), a boutique of Old Mutual Investment Group, has agreed to acquire the 50% of African Infrastructure Investment Managers (AIIM) that it does not already own, making it the sole shareholder of the pan-African infrastructure investment manager.

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Amethis takes minority stake in HMAO healthcare group

Author: Africa Global Funds | Date: 2015-11-20

Amethis Finance, an investment vehicle dedicated to Africa with a total investment capacity of €400m, has acquired a minority equity stake in HMAO Group, thus entering West Africa’s healthcare market.

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Flexpoint invests in aircraft leasing company Veling

Author: Africa Global Funds | Date: 2015-11-18

Flexpoint Ford, a Chicago-based private equity investment firm with $2.3bn under management specializing in privately negotiated investments in the financial services and healthcare industries, has backed Veling, a niche aircraft leasing company with offices in Mauritius and London.

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Synergy takes stake in Riggs

Author: Africa Global Funds | Date: 2015-10-30

Synergy Private Equity Fund (SPEF) has invested an undisclosed amount in Riggs Ventures West Africa, a non-captive manufacturer of polypropylene woven sacks for packaging and transporting industrial goods in Nigeria.

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Paga receives $13m from Adlevo, Omidyar and others

Author: Africa Global Funds | Date: 2015-10-30

Adlevo Capital-led consortium of investors has raised $13m in a Series B financing round, which will go toward strengthening of the agent network of Paga, a Nigerian mobile payment company.

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Sun Capital acquires flower business in East Africa

Author: Africa Global Funds | Date: 2015-10-16

Sun European Partners has said that one of its affiliates has agreed to acquire Finlays Horticulture Investments and Finlays Horticulture Holdings and its subsidiary companies from James Finlay (Finlays).

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Centum invests $11.71m in K-Rep Bank

Author: Africa Global Funds | Date: 2015-10-16

Centum, the largest listed private equity company in Eastern Africa, has announced an additional investment of KES1.2bn ($11.71m) in K-Rep Bank, a Kenyan commercial bank.

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TriLinc approves $6.42m in trade finance to SMEs in Africa

Author: Africa Global Funds | Date: 2015-10-14

TriLinc Global Impact Fund, an impact investing fund that provides growth-stage loans and trade finance to established small and medium enterprises (SMEs) in developing economies, has recently approved $6.42m in trade finance transactions to companies in Namibia and South Africa.

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I&P acquires 35% stake in SCRIMAD Group

Author: Anna Lyudvig | Date: 2015-09-24

Investisseurs & Partenaires (I&P), an impact investment group dedicated to African SMEs, has acquired a 35% equity stake in SCRIMAD Group, an agribusiness company located in Madagascar, via its I&P Afrique Entrepreneurs Fund.

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TPG/Satya takes minority stake in Ecoles

Author: Africa Global Funds | Date: 2015-09-18

TPG/Satya, the partnership between TPG Growth and Satya Capital focused on investment in Africa, has made its first move into Africa by acquiring a minority stake in Ecoles Yassamine, the largest private school network in Morocco.

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PAHF invests in Kenyan residential development

Author: Africa Global Funds | Date: 2015-09-17

The Pan African Housing Fund (PAHF), managed by Phatisa, has entered into an agreement with Tamarind Properties to develop 140 single-family homes in a residential development in Nakuru Town, Kenya.

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AXA acquires 18.6% stake in utility company Eranove

Author: Africa Global Funds | Date: 2015-09-14

AXA Group through AXA’s Real Estate division, has taken a 18.6% stake in the Eranove Group, a West African utility company with operations in power generation, transmission and distribution, from the Bouygues Group.

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Actis takes minority stake in SA furnishing retailer

Author: Africa Global Funds | Date: 2015-09-01

Actis, a pan-emerging market private equity investor with $7,6bn assets under management, has acquired a significant minority stake in Coricraft Group, one of South Africa’s leading home furnishings retailers.

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Amethis invests in Elephant Africa Holding

Author: Africa Global Funds | Date: 2015-08-21

A consortium of investors led by Amethis Finance have extended a convertible loan to Elephant Africa Holding, the holding entity of Bel Papyrus and Bel Impex, producers of tissue paper products in Nigeria.

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Investec takes stake in wiGroup

Author: Africa Global Funds | Date: 2015-08-12

Investec Asset Management has acquired a significant shareholding in wiGroup, South Africa’s platform provider specializing in point-of-sale integrated mobile transacting, for an undisclosed sum.

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Investec makes further investment in IHS

Author: Africa Global Funds | Date: 2015-08-10

Investec Asset Management has made a follow-on private equity investment in IHS Towers, the largest African mobile telecommunications infrastructure provider.

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Investec supports IDM Group with equity investment

Author: Anna Lyudvig | Date: 2015-08-04

Investec Asset Management has recently invested in Intelligent Debt Management, South Africa’s leading and largest consumer debt management company, via its Africa Frontier Private Equity Fund.

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Adenia Capital III invests in Cresta Paints

Author: Africa Global Funds | Date: 2015-07-30

Adenia Partners, a private equity firm investing in Sub-Saharan Africa, has invested in Cresta Paints, an auto-refinish and industrial coatings manufacturer and marketer in Africa.

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AAF SME Fund takes stake in Ethiopian animal feed producer

Author: Africa Global Funds | Date: 2015-07-28

The AAF SME Fund, a private equity fund focused on African food production and processing, managed by Databank Agrifund Manager Limited (DAFML), has successfully closed its investment in Norish, one of the largest producers of fortified blended foods and animal feed in Ethiopia.

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Injaro invests in animal feed producer Agricare

Author: Africa Global Funds | Date: 2015-07-15

Injaro Agricultural Capital Holdings, a $50m impact investment fund managed by Injaro Investments, has made an investment in Agricare, a Ghanaian-owned animal feed producer based in Kumasi.

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PIC funds Daybreak Farms acquisition

Author: Africa Global Funds | Date: 2015-07-08

The Public Investment Corporation (PIC) has funded the acquisition of AFGRI Poultry and AFGRI’s Kinross Animal Feeds Mill by AFPO Consortium, a South African black economic empowerment consortium led by Matome Maponya Investments.

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Helios, Vitol set to acquire downstream business of Oando

Author: Africa Global Funds | Date: 2015-07-06

Helios Investment Partners and the Vitol Group have reached an agreement to acquire 60% of the economic rights and 51% of the voting rights in the West African downstream business of Oando, an integrated oil and gas company headquartered in Nigeria, for around $276m.

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ACEI to invest in Senegalese wind power project

Author: Africa Global Funds | Date: 2015-06-29

American Capital Energy & Infrastructure (ACEI) has revealed its plans to invest in Senegal's first industrial-scale wind power project and the largest wind farm planned in West Africa.

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1K1V invests in South African meat producer

Author: Africa Global Funds | Date: 2015-06-28

One Thousand & One Voices (1K1V), a Sub-Saharan African private equity fund, established by high net worth families across the globe, has invested an undisclosed amount in Beefmaster, a South African meat producer.

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KTH acquires 51% equity stake in Servest Group

Author: Africa Global Funds | Date: 2015-06-25

Kagiso Tiso Holdings (KTH) has acquired a 51% stake in a business service provider Servest Group (Servest) to form the largest, majority black-owned, facilities management company in Africa, in a transaction valued at about R4.5bn ($373m).

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XSML takes equity stake in DRC's toilet paper business

Author: Africa Global Funds | Date: 2015-06-19

XSML, an independent private equity fund manager active in Central Africa, has invested in Ets Lejack (Lejack), a toilet paper business based in Kinshasa, DRC, through the Central Africa SME Fund (CASF).

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PIC invests $149m in Bayport Management

Author: Africa Global Funds | Date: 2015-05-23

The Public Investment Corporation (PIC) on behalf of the Government Employees Pension Fund (GEPF) has invested $149m for a minority stake in Bayport Management (BML).

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SPEAR Capital acquires 27% stake in Zimbabwe’s dairy producer

Author: Africa Global Funds | Date: 2015-05-11

SPEAR Capital, a Scandinavian-backed Sub-Saharan Africa focused private equity investment company, has acquired a 27% stake in Dendairy, Zimbabwe’s second largest dairy producer, in a combined debt and equity transaction valued at $6m.

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AIIM backs Joule Africa’s renewable energy projects

Author: Africa Global Funds | Date: 2015-05-07

African Infrastructure Investment Managers (AIIM), an infrastructure equity investment manager, and international power developer, Joule Africa, have entered into an agreed framework that provides AIIM the opportunity to become a major equity investor in the power projects being developed by Joule Africa.

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Ethos-led consortium invests $150m in Eaton Towers

Author: Africa Global Funds | Date: 2015-05-05

The Ethos-led consortium, comprising Ethos Fund VI, Hamilton Lane and HarbourVest, has contributed $150m into the $350m of new equity raised by Eaton Towers from new and existing shareholders.

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AFIG Funds invests in Primrose Properties Ghana

Author: Africa Global Funds | Date: 2015-04-27

Atlantic Coast Regional Fund (ACRF), managed by Advanced Finance and Investment Group (AFIG Funds), has completed an undisclosed investment in real estate company Primrose Properties Ghana.

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Ethos acquires and rebrands Nampak divisions

Author: Africa Global Funds | Date: 2015-04-01

Ethos, a South African private equity investor, has acquired the Tissue and Corrugate divisions from Nampak for a total purchase price of around $14m (R1.575bn).

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Enko Capital invests in Madison Financial Services

Author: Africa Global Funds | Date: 2015-03-02

Enko Africa Private Equity Fund, a pan-African private equity fund managed by Enko Capital Managers, has acquired a minority stake in Madison Financial Services (MFS), an insurance-based financial services group in Zambia.  

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LeapFrog invests $25m in AFB Mauritius

Author: Africa Global Funds | Date: 2015-02-27

LeapFrog Investments has invested $25m in AFB Mauritius, a financial technology platform that offers financial tools to financially-excluded consumers and small businesses in Sub-Saharan Africa.

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Ascent invests $2.5m in Ethiopia’s health sector

Author: Africa Global Funds | Date: 2015-02-11

The Ascent Rift Valley Fund (ARVF), managed by Ascent Capital Africa, has made its inaugural investment in Medpharm Holdings Africa, a leading medical diagnostic laboratory with operations in Ethiopia and expansion ambitions in the Greater East Africa region.

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1K1V makes first investment in SA agribusiness sector

Author: Africa Global Funds | Date: 2015-02-02

One Thousand & One Voices (1K1V), a private family capital fund focused on Sub-Saharan Africa, has made its first investment in the South African agribusiness sector via its $300m One Thousand & One Voices Africa Fund I.

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Phatisa’s AAF invests in General Plastics

Author: Africa Global Funds | Date: 2015-01-28

The African Agriculture Fund (AAF), managed by Phatisa, has invested in General Plastics, a manufacturer of packaging products servicing food, beverage and agro-chemical sectors in Kenya and the broader East Africa region.

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AFIG Funds to invest in Nigerian-German Chemicals

Author: Africa Global Funds | Date: 2015-01-05

Advanced Finance and Investment Group (AFIG Funds), manager of the Atlantic Coast Regional Fund, will invest up to $14m in Nigerian-German Chemicals (NGC), a Nigerian producer and distributor of pharmaceutical products and bottled beverages.

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Actis acquires 21% stake in IDH from Abraaj

Author: Africa Global Funds | Date: 2014-12-16

Actis, a pan-emerging markets private equity firm, has acquired a 21% stake in Integrated Diagnostics Holdings (IDH), the largest private sector healthcare diagnostics service provider in Egypt, from The Abraaj Group.

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Actis invests in Universite Centrale Group

Author: Africa Global Funds | Date: 2014-12-05

Actis has announced a significant investment in Université Centrale Group (Université Centrale), a leading provider of private tertiary education in Tunisia.

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Permira backs management in Teraco buyout

Author: Africa Global Funds | Date: 2014-12-05

Permira, an international private equity firm, has acquired Teraco Data Environments, the largest provider of carrier neutral datacentre services in Sub-Saharan Africa.

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ADP II takes minority stake in HomeChoice

Author: Africa Global Funds | Date: 2014-12-02

ADP II, a pan-African private equity fund advised by DPI, has acquired a strategic minority stake HomeChoice International, an omni-channel home shopping retailer in southern Africa, from the majority shareholder in HomeChoice.

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Carlyle invests $147m in Nigerian commercial bank

Author: Africa Global Funds | Date: 2014-11-24

The Carlyle Group, a global alternative asset manager, has invested $147m in Diamond Bank, a commercial bank headquartered in Lagos, Nigeria, with operations across West Africa and the UK.

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Ethos to acquire Nampak’s paper business

Author: Africa Global Funds | Date: 2014-11-21

Ethos Private Equity has entered into an agreement to acquire Nampak’s Tissue, Corrugated and Sacks divisions for a total purchase price of around $14m (R1.575bn).

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Actis invests $65m in Tekkie Town

Author: Africa Global Funds | Date: 2014-11-05

Actis has announced a $65m investment in Tekkie Town, South Africa’s leading independent sports and lifestyle shoe retailer.

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ACA invests in Nigeria’s Filmhouse Cinemas

Author: None | Date: 2014-11-03

African Capital Alliance (ACA) has invested in Filmhouse Cinemas, the fastest growing cinema chain in Nigeria and Film One, its associated film production and distribution company.

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Fusion invests in Meru Greenwood Park

Author: Africa Global Funds | Date: 2014-10-31

Fusion Capital has invested in the Kes. 2bn ($22.3m) Meru Greenwood Park in Kenya, an integrated development in the heart of Meru County.

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Gulf Capital commits $25m to Amak Petroleum

Author: Africa Global Funds | Date: 2014-10-15

Gulf Capital, an alternative asset manager in the Middle East, has invested $25m in Amak Group, a provider of integrated petroleum services for the onshore and offshore sectors in Egypt.

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Acumen and Novastar invest $2.5m in SolarNow

Author: Africa Global Funds | Date: 2014-10-11

Acumen, a non-profit global venture fund, together with Novastar Ventures, have announced a €2m ($2.5m) equity investment in SolarNow, an Uganda-based company that sells modular high quality solar home systems to rural populations across the country.

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Abraaj takes majority stake in Liberty Star

Author: Africa Global Funds | Date: 2014-10-08

The Abraaj Group has acquired a majority stake in Liberty Star Consumer Holdings, one of the largest unlisted food and personal care manufacturers in South Africa, for an undisclosed sum.

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Phatisa’s AAF invests in the Meridian Group

Author: Africa Global Funds | Date: 2014-10-01

The African Agriculture Fund (AAF), managed by Phatisa, has invested in the Meridian Group, a $250m (revenue) business with operations in Mozambique, Malawi, Zimbabwe, Zambia and Mauritius.

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Adenia Partners acquires Mauvilac

Author: Africa Global Funds | Date: 2014-09-29

Adenia Partners, a private equity firm investing in the Indian Ocean and West Africa regions, has acquired Mauvilac, a paint, coatings and chemical products manufacturer and marketer in Mauritius.

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Vantage provides debt funding to Austell

Author: Africa Global Funds | Date: 2014-09-12

Vantage Capital, Africa’s largest independent provider of mezzanine risk capital, has provided mezzanine debt funding to support Austell Laboratories, a fast growing and 100% black-owned pharmaceutical’s company in South Africa.

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Finding the news behind the news has always been the challenge, but Anna and her team always seem to pull it off. The AGF website, e-newsletter and monthly magazine are read by the whole Phatisa team; well-written, African private equity news not found elsewhere. We are proud to be affiliated with such a young, ambitious and driven media team and wish them only the best.

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We find AGF a very useful publication, especially covering, as it does, all asset classes in Africa (as, uniquely, does Investec Asset Management). The public funds data and macro stats are very useful, while the articles and interviews are insightful and often cover (in relative terms) neglected markets and asset classes.

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I have found the AGF monthly magazine very informative and always containing some interesting research on the Private Equity industry not found elsewhere.

Harith: Financiers and developers of infrastructure projects

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