The Emerging Africa Infrastructure Fund (EAIF) is to lend $5m to help finance the rehabilitation, repair and development of three ‘brownfield’ palm oil plantations in the Democratic Republic of Congo.
Synergy Capital Managers has made an investment in Darl Pharmaceuticals, a fast growing pharmaceutical integrated value chain business in Ghana, via its Synergy Private Equity Fund (SPEF).
PCM Capital Partners, managers of the West Africa Emerging Markets Growth Fund (WAEMGF) has invested €4.1m in Ubipharm SA to part fund its African expansion.
M-KOPA Solar, the world’s leading pay-as-you-go energy provider to off-grid homes, has announced the closing of a $19m financing round led by London-based Generation Investment Management.
Duet Private Equity Group has acquired an Ivory Coast-based Societe Africaine des Produits Laitiers et Derives (SAPLED) from the Sifaoui Group through the creation of Duet Consumer Ivory Coast Holdings (DCICH).
AfricInvest Fund III has acquired a significant minority interest position (over 35%) in Salvador Caetano Auto Africa, the holding company of the Group dedicated to auto distribution and retail business in Africa.
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.
