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.
Adenia Partners, a private equity firm investing in the Indian Ocean and West Africa regions, has acquired Mauvilac, a paint, coatings and chemical products manufacturer and marketer in Mauritius.
The Dutch fund manager XSML has invested in Hydrotek SARL, based in Lubumbashi, DRC.
Vantage Capital, Africa’s largest independent provider of mezzanine risk capital, has provided mezzanine debt funding to support Austell Laboratories, a fast growing and 100% black-owned pharmaceuticals company in South Africa.
