AfricInvest Fund II (AF II) has exited from its investment in Kiboko Holdings (KH), a Mauritius-based company with diverse interests across the East African region in a variety of sectors including FMCG, pharmaceutical manufacturing and distribution, and insurance brokerage.
The Blackstone Group has exited its stake in Bujagali Energy (BEL), the developer of the 250-megawatt Bujagali hydropower project in Uganda, to a Norwegian hydropower developer SN Power.
Vantage Capital, Africa’s largest mezzanine debt fund manager, has fully exited its investment in New GX Capital, generating returns for Vantage’s Fund III investors of more than 35%.
The Abraaj Group and The Public Investment Corporation have exited Libstar, a supplier of high-quality products in the consumer packaged goods industry, in $237m IPO on the Johannesburg Stock Exchange.
Centum Investment Company has sold its 25% stake in Platcorp Holdings to Suzerain Investment Holdings, a consortium of Platcorp’s management team and an existing shareholder.
Wendel, one of Europe's leading listed investment firms, has disposed its stake in Saham Group’s holding for $155m.
Phatisa has partially exited its investment in Kanu Equipment, a pan-African distributor of capital equipment, to Adenia Partners, generating an IRR in excess of 50%.
Actis has agreed to sell its 79.5% majority stake in Mentor Management, a Kenyan project management company, to Turner & Townsend, a global construction and management consultant.
Mergence Investment Managers has announced a successful first exit from an investment in a solar energy project housed in the Mergence Renewable Energy Debt Fund I.
LeapFrog Investments has sold a major stake in an emerging markets mobile insurer BIMA to Allianz X as part of a $96.6m transaction.
Metier and Spanish project developer AMDA Energia have sold their interests in AE AMD to Old Mutual’s African Infrastructure Investment Managers (AIIM), through its IDEAS fund, and Katiso Renewable Energy.
Investec Asset Management Private Equity has divested its equity holding in Ashwah Holdings, parent company of Daraju Industries, by selling its significant minority stake back to the company.
SPE Capital, formerly Swicorp Private Equity, has agreed to exit its investment in Orchidia Pharmaceutical Industries, an Egyptian ophthalmic generic medicine manufacturer.
With an investment return of 3.3x, CDG Capital Private Equity, a private investment fund that manages family of funds focused on private equity investing in Moroccan and African SMEs, has exited from Jet Contractors through a sale on the Casablanca Stock Exchange.