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).
AIIM Hydroneo, a 50/50 joint venture between African Infrastructure Investment Managers (AIIM) and Hydroneo Afrique, has announced plans to develop, finance, build and operate a number of hydroelectric power plants in Gabon.
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.
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.
Seven Energy International, an integrated gas company in south east Nigeria, has secured $100m in a new equity funding round from existing shareholders and other institutional investors.
The UK-based global technology investor Amadeus Capital Partners, has invested $2m in Hepstar, a digital insurance distributor in South Africa.
Goodwell Investments has acquired a significant minority stake in Musoni Services, an innovative cloud-based affordable core banking software for microfinance institutions (MFIs) in Africa.
Synergy Capital Managers 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.
The Africa Sustainable Forestry Fund I, managed by Global Environment Fund, together with the Grantham Foundation for the Protection of the Environment, have acquired a significant minority position in Compagnie des Bois du Gabon (CBG).
Electranova Capital US and Total Energy Ventures have invested an undisclosed amount in Off Grid Electric (OGE), a world leader solar leasing company in Africa.
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.
African Alpha Investment Partners (AIIP) has backed SERS Ltd, an Africa focused equipment financing company based in Mauritius.
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 Ivory Coast.
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.
