The Metier Capital Growth Fund II, which completed its first close in mid-February, has signed a binding sale agreement with its first portfolio company, a consumer retail chain with a presence in South Africa and the rest of the continent.
Enko Africa Private Equity Fund, a pan-African private equity fund managed by Enko Capital Managers, has acquired a minority stake in Madison Financial Services (MFS), an insurance-based financial services group in Zambia. Ralph Gilchrist, partner at ECM, said: “This is a landmark first investment for the Enko Africa Private Equity Fund and we are proud to enter into this long-term partnership with MFS. We are looking forward to creating value together and supporting the high growth potential of the company.”
Amethis Finance has taken a 17.1% stake in CIEL Finance, the banking and financial services arm of Mauritius-based CIEL group.
LeapFrog Investments has invested $25m in AFB Mauritius, a financial technology platform that offers financial tools to financially-excluded consumers and small businesses in Sub-Saharan Africa.
The pan-African private equity firm, 8 Miles has acquired a 42% stake in Orient Bank, a mid-tier commercial bank in Uganda, from Keystone Bank, a state-owned Nigerian bank.
Nedbank Capital, the investment banking business of the Nedbank Group, has concluded a private equity transaction for a 32,9% stake in the GloCell Group.
The Ascent Rift Valley Fund (ARVF), managed by Ascent Capital Africa, has made its inaugural investment in Medpharm Holdings Africa, a leading medical diagnostic laboratory with operations in Ethiopia and expansion ambitions in the Greater East Africa region.
One Thousand & One Voices (1K1V), a private family capital fund focused on Sub-Saharan Africa, has made its first investment in the South African agribusiness sector via its $300m One Thousand & One Voices Africa Fund I.
The African Agriculture Fund (AAF), managed by Phatisa, has invested in General Plastics, a manufacturer of packaging products servicing food, beverage and agro-chemical sectors in Kenya and the broader East Africa region.
Ethos Private Equity has invested an undisclosed amount into AutoZone, the largest and fast growing, privately-owned automotive parts aftermarket retailer and wholesaler in Southern Africa.
Advanced Finance and Investment Group (AFIG Funds), manager of the Atlantic Coast Regional Fund, will invest up to $14m in Nigerian-German Chemicals (NGC), a Nigerian producer and distributor of pharmaceutical products and bottled beverages.
Amethis Finance has acquired one third of Ramco Plexus in order to foster the Group expansion in Kenya and across the region.
Actis, a pan-emerging markets private equity firm, has acquired a 21% stake in Integrated Diagnostics Holdings (IDH), the largest private sector healthcare diagnostics service provider in Egypt, from The Abraaj Group.
Vantage Capital, Africa’s leading mezzanine debt provider, has provided $10m of funding to Simba Properties Investment Company, the property investment arm of Simba Group in Uganda.
