Temasek, Warburg Pincus, Softbank Group International, Singtel and other global investors, have invested $1.25bn through a primary equity issuance in Airtel Africa, at a post money equity value of $4.4bn.
Development Partners International, a Pan-African private equity firm with over $1.1bn of assets under management, has invested in UNI CONFORT MAROC - Dolidol, Morocco’s and Ivory Coast’s leading manufacturer and distributor of foam, mattress and bedding products.
The Rise Fund, a global impact investment fund managed by TPG Growth, has led a $5m Series A investment in SystemOne, an IT provider of solutions for disease surveillance and response.
Moringa, an impact investment fund specialized in agroforestry companies with strong environmental and social impact, has announced that it will invest $5m in B-BOVID, a Ghanaian agribusiness company.
Investec Asset Management, through its African Private Equity capability, has acquired a controlling stake in Richfield Holdings, one of the leading private sector tertiary education providers in South Africa. Founded 28 years ago, Richfield has more than 20 000 students enrolled across more than 40 campuses in South Africa, and a fast-growing distant learning offering to students from across Southern Africa.
Solar technology company REDAVIA and the responsAbility-managed climate fund have signed a $4m financing agreement for REDAVIA's Ghanaian subsidiary.
The responsAbility-managed private equity vehicle focusing on food and agriculture has completed its second investment and taken a minority stake in Suminter, a global organic products supply chain management company which sources, processes and exports certified 100% organic and GMO-free products from Asia and Africa.
HAVAÍC has advanced the first round of financing in Instant Property Rentals Holdings, by acquiring a 10% equity stake, with an allocation for follow-on funding at Instant Property’s option.
Mastercard, CRE Ventures, Fintech Collective, 4DX Ventures, and Raba Capital, among others, have participated in a Series A extension round of financing to Flutterwave, a Nigerian fintech startup.
Imara Private Equity has, over the last twelve months, sourced, structured and invested approximately $4.5m, on behalf of a European Family Office client, into Zambezi Berry Company (ZBC).
Helios Investment Partners has invested an undisclosed amount in KMR Holding Pédagogique (KMR), a private higher education group based in Morocco.
I&P Afrique Entrepreneurs 2, a private equity fund launched in December 2017 with a first closing at €50m, has announced its first investments.
Ethos Mid Market Fund I (EMMF I) has announced the closing of a c.60% investment into South African-based consumer technology distributor, Gammatek.
LeapFrog Investments has invested in Pyramid Group, the largest specialty distributor for cardiac and orthopaedic equipment in East Africa.