Old Mutual Private Equity (OMPE), a division of Old Mutual Alternative Investments, has sold its stake in Consol Holdings to Luxembourg-based Ardagh Group, one of the largest glass producers in the world, for an equity value of approximately R10bn (enterprise value of approximately R17bn),
Apis Growth Fund I, a private equity fund managed by Apis Partners, has partially exited its position in off-grid solar energy company Sun King, formerly Greenlight Planet.
Actis has exited from AutoXpress, an importer, distributor and retailer of tyres, auto parts and accessories serving retail and corporate customers in the East African market.
Harith General Partners (Harith) has sold its stake in MainOne, West Africa’s largest communications services operator to Equinix, the world’s largest digital infrastructure company, following the achievement of all regulatory approvals.
LeapFrog Investments has sold nearly 30% of its shareholding in Goodlife Pharmacies, East Africa’s leading healthcare and retail pharmacy chain, to Eurapharma, the healthcare division of the CFAO Group.
Helios Investment Partners and Sojitz Corporation, one of the leading conglomerate investment and trading houses listed on the Tokyo Stock Exchange, have announced the completion of the sale by Helios of a 25% interest in the holding company of Axxela, the largest private sector gas distributor in Nigeria, to Sojitz.
Berkshire Partners, a Boston-based global investment firm, and Permira, a growth-focused global private equity firm, have agreed to exit Teraco Data Environments, Africa’s largest carrier-neutral data center and interconnection services provider.
Zebu Investment Partners (ZIP) has followed on from its 2020 investment in AMC Trade Finance (AMCTF), through its African Food Security (AFS), resulting in an equity buyout of the founders, Africa Merchant Capital (AMC).
Mediterrania Capital Partners (MCP) has partially exited TGCC, a Moroccan construction company, through an IPO.
Kibo Capital Partners has sold its interest in the Kenyan logistics and distribution company, General Cargo Group (GCG), to majority shareholder Velogic, the logistics arm of Rogers Group.
Development Partners International (DPI) has sold its 31% stake in Food Concepts, a Quick Service Restaurant (QSR) operator in West Africa, to African Capital Alliance (ACA).
Helios Investment Partners, acting on behalf of funds it advises, has sold its 49% stake in GBfoods Africa (GBFA) to its partner and co-shareholder, The GBfoods SA (GBfoods).
Revego Africa Energy has acquired stakes in a number of wind assets from Metier and Lereko, who jointly manage the Lereko Metier Sustainable Capital Fund.
CDG Invest PME (CIP), a Morocco-based private equity firm previously known as CDG Capital Private Equity, has agreed to sell a majority stake in Techniques Science-Santé (T2S), IM Alliance, Cyclopharma and Binarios, the largest and most diversified group of MedTech companies in Morocco, to funds managed by Helios Investment Partners.