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.
QGIAM, the private equity arm of Africa focused investment firm Quantum Global, has sold its interest in Savannah Cement, a Kenyan cement producer, following the receipt of regulatory approvals.
Dutch Oak Tree Foundation (DOTF) as well as multiple minority shareholders have sold their stakes in Joseph Initiative (JI) to Agilis Partners, an agricultural development company based in Uganda.
Spirit Capital has sold its majority stake in Tidy Files, a provider of end-to-end document management and storage solutions in Southern Africa, for R75m to Metrofile Holdings Ltd.