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.
Energy Access Ventures (EAV), a Paris-based impact‐focused venture firm, has announced its $2m inaugural investment in Off-Grid Electric (OGE), an off-grid electric company providing clean, affordable solar power to homes in East Africa.
Actis, an emerging market investor, has announced an investment of R760m ($54m) in Food Lover’s Market, which is estimated to be the largest independent food retail group in Africa.
Actis, a pan-emerging markets investor, has invested $62m for a majority stake in Sigma Pensions, a pension fund administrator (PFA) in Nigeria.
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.
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.
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.
Helios Investment Partners, an Africa-focused investment firm managing funds totaling over $3bn, has agreed to acquire a 70% controlling stake in Telkom Kenya from the Orange Group.
The MENA Long Term Value Fund (LTV) has joined a consortium of investors to acquire a majority stake in Egypt’s e-payment services platform, Fawry, valuing the company at EGP773m ($98.72m).
Careem, an app-based car service in the MENA region, has scored $60m in a series C investment round from the Abraaj Group and leading institutional investors.
The Abraaj Group has acquired through its second generation North Africa Fund, a majority stake in Centre de Traitement Al Kindy (Al Kindy), Casablanca’s largest private oncology clinic, and Clinique Spécialisée Menara (Menara), a leading oncology and imaging diagnostics center in Marrakech.
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.
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.
Intaj Capital II has agreed to invest over $12m (MAD 125m) in Moroccan firm Venezia Ice, an operator in the field of production and distribution of artisan gelato and pastry.
