The Carlyle Group, a global alternative asset manager, has invested $147m in Diamond Bank, a commercial bank headquartered in Lagos, Nigeria, with operations across West Africa and the UK.
Ethos Private Equity has entered into an agreement to acquire Nampak’s Tissue, Corrugated and Sacks divisions for a total purchase price of around $14m (R1.575bn).
Actis has announced a $65m investment in Tekkie Town, South Africa’s leading independent sports and lifestyle shoe retailer.
Vantage Mezzanine, Africa’s leading mezzanine debt provider, has concluded a transaction with Surfline Communications to provide $30m (R330m) of expansion capital to the company together with a fund co-investor. The funds will be used for the on-going expansion of Surfline’s 4G LTE network in Ghana as well as to grow its product distribution and marketing network.
African Capital Alliance (ACA) has invested in Filmhouse Cinemas, the fastest growing cinema chain in Nigeria and Film One, its associated film production and distribution company.
TriLinc Global Impact Fund has recently approved $2.8m in two trade finance facilities to companies in South Africa.
Fusion Capital has invested in the Kes. 2bn ($22.3m) Meru Greenwood Park in Kenya, an integrated development in the heart of Meru County.
Vantage Capital, Africa’s leading mezzanine funder, has provided R77m ($7.06m) of funding for the acquisition of preferred equity facilities in a Pembani-owned SPV that holds 30% of the ordinary equity and PIK notes in AfriSam.
Gulf Capital, an alternative asset manager in the Middle East, has invested $25m in Amak Group, a provider of integrated petroleum services for the onshore and offshore sectors in Egypt.
Acumen, a non-profit global venture fund, together with Novastar Ventures, have announced a €2m ($2.5m) equity investment in SolarNow, an Uganda-based company that sells modular high quality solar home systems to rural populations across the country.
The Abraaj Group has acquired a majority stake in Liberty Star Consumer Holdings, one of the largest unlisted food and personal care manufacturers in South Africa, for an undisclosed sum.
Wananchi Group has attracted $130m in a funding round led by Helios Investment Partners and the existing strategic shareholders Altice SA, Liberty Global, ECP and ATMT, to fund its growth and expansion in East and Southern Africa.
Vantage Capital has provided approximately R80m ($7.28m) of funding to facilitate a management buy-out of Dynamic Bedding, South Africa’s largest specialist bed group.
The African Agriculture Fund (AAF), managed by Phatisa, has invested in the Meridian Group, a $250m (revenue) business with operations in Mozambique, Malawi, Zimbabwe, Zambia and Mauritius.
