Capitalworks, an independent alternative asset management firm based in South Africa, has agreed to acquire Aon’s shareholding in its African insurance brokerage and employee benefit operations in a number of countries.
Amethis Finance and Metier have acquired a significant minority stake in the packaged food business of Kenafric Industries, a major FMCG group in East Africa.
Safaricom’s Spark Venture Fund has backed FarmDrive, a Kenyan-based data analytics company developing technologies to address the global $450bn agricultural funding gap.
Star Power Partners II, a mentorship-driven, startup accelerator and seed fund, has participated in a $1.1m investment round in Bamba, a boutique African data collection agency.
South African asset manager Stanlib has partnered with Chestnut Uganda for the construction and development of a $50m shopping mall in Kampala.
The Carlyle Group has acquired through its Sub-Saharan Africa Fund, a 75% stake in CMC Networks (CMC), Africa’s largest managed connectivity provider, for over $100m (R1.4bn).
Within a month of its first closing, Ethos Mid Market Fund I has concluded investments into Autozone, Eazi Access and Twinsaver, acquiring 15%, 10% and 15% shareholding accordingly.
US venture capital firms Draper Associates and Greycroft Partners alongside existing investors have injected $2.5m in BitPesa, a pan-African bitcoin startup.
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.
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).
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.
QG Africa Hotel, a Mauritius based investment fund managed by Quantum Global Investments Africa Management, has acquired a 100% stake in Mövenpick Ambassador Hotel Accra for a consideration of $100m from Kingdom Holding Company (KHC).
