BluePeak Private Capital has invested $20m in ieng, a pan-African provider of engineering and construction, operations and maintenance, and hybrid power solutions to Africa’s burgeoning telecom sector.
African Infrastructure Investment Managers (AIIM) and the Mokobela-Shataki consortium have completed a ZAR1.6bn takeover of The Logistics Group (TLG), an integrated logistics company operates in Southern Africa with services across port, rail, warehousing and digital transport logistics.
Old Mutual Private Equity (OMPE), a division of Old Mutual Alternative Investments, has agreed to acquire 100% of Long4Life and delist the company.
Verod Capital Management via its Verod Capital Growth Fund III has completed the acquisition of a significant minority equity stake in Medplus, the largest Nigerian pharmaceutical retail business.
Kasada Capital Management has acquired the 120-key Cape Grace hotel in Cape Town, South Africa.
4DX Ventures with participation from Darwazah Capital, Golden Palm Investments, P1 Ventures, has led a $3m seed funding round in Cairo-headquartered daily fantasy football platform, Eksab.
4DX Ventures has led a $3m pre-seed funding round in Tushop, a Kenyan social-commerce platform that enables communities in Nairobi to buy groceries more cheaply with free delivery.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided $10m of mezzanine debt funding to Compass Capital, a Egyptian private equity firm, to acquire six grade A office buildings in East Cairo.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Shareholders’ Agreement with Globology, committing $3.8m through its dedicated investment arm, to support the expansion of the company’s Waterbus passenger transport operations on Lake Victoria.
A15, a venture capital firm, has led a $1.2m fundraise in FlapKap, a company revolutionizing e-commerce and SaaS growth in the MEA region.
MaC Venture Capital has led a $2.3m Seed fundraising in Big Cabal Media (BCM), a pan-African media company headquartered in Nigeria.
AfricInvest, MUFG Innovation Partners, Latitude and Kreos Capital have invested $105m in an oversubscribed Series A2 round consisting of equity and debt in Moove, the world’s first mobility fintech, which provides revenue-based financing to mobility entrepreneurs across Africa.
Amethis has acquired a minority stake in SIBM, a manufacturer of precast concrete products in Côte d’Ivoire.
Greenhouse Capital has led a $1.5m pre-seed funding round inYep!, Lagos and San Francisco based super-app that boosts financial inclusion, economic opportunities, and remittances to and within Africa.
