DPI backs IFS
Development Partners International has invested $35m in International Facilities Services (IFS), a facilities management specialist in Africa.
Development Partners International has invested $35m in International Facilities Services (IFS), a facilities management specialist in Africa.
GreatPoint Ventures and Samsung NEXT have invested $12m in a Series A round in RapidDeploy, a South African provider of cloud-based software for public safety officials that reduces emergency response times and improve situational awareness.
CDG Capital Private Equity has invested in SCE Chemicals, a manufacturer of specialty chemicals, fertilizers and other chemical inputs for industrial clients in Morocco and abroad.
Britam Asset Managers has invested Kes1.4bn in Everstrong Capital, a private equity firm that invests in energy assets in Africa, in a bid to diversify and grow its investment portfolio.
Gulf Capital, one of the largest and most active alternative asset management firms in the Middle East, has invested $22m in CHO Company, a fully-integrated global producer and exporter of organic and natural olive oil with headquarters based in Tunisia.
Berkshire Partners, a Boston-based investment firm, has agreed to acquire a majority stake in Teraco Data Environments, Africa’s provider of colocation datacentre infrastructure.
Agri-Vie Fund II, a private equity fund focused on food and agribusiness investments in Sub-Saharan Africa, has acquired a 36,5% stake in South African FMCG manufacturer, Jumbo Brands.
Adenia Partners, a private equity firm investing in Sub-Saharan Africa, has announced that on December 5 2018, it completed an investment in Tumaini Self Service through a special purpose vehicle, Sokoni Retail Kenya.
South African venture capital firm Kalon Venture Partners has invested R10m in local property tech platform Flow, an app that rewards tenants for good behaviour.
Advanced Finance and Investment Group (AFIG Funds), through AFIG Fund II, has completed an investment in NEM Insurance, by acquiring 29.9% of the company's shares from some existing shareholders.
Goodwell Investments has acquired an undisclosed stake in Copia, a promising e-commerce business that specialises in supplying products and services to currently underserved consumers in rural Kenya.
SunFunder - led consortium has closed a $9m receivables financing facility with Kampala-based off-grid solar company SolarNow.
The SEAF Morocco Growth Fund (SMGF), an investment fund that invests in high-growth, innovative companies based in Morocco, has made its second investment in eDukaty.
African Infrastructure Investment Managers (AIIM) has acquired through its African Infrastructure Investment Fund 3 (AIIF3) a minority stake in BBOXX’s operations in East Africa, as part of a $31m investment plan.