Actis, through its holding company Actis Golf Nigeria (AGN), has received regulatory approval to exit its investment in Sigma Pensions, a Nigerian Pension Fund Administrator (PFA) to First Ally Asset Management, a Lagos-headquartered asset manager and First Guarantee Pensions (FGP), a subsidiary of Access Holdings.
Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, has exited Groupe Scolaire René Descartes (GSRD), a private educational group headquartered in Tunis and specialising in providing international accredited and homologated teaching programmesfrom pre-primary school to high school.
Development Partners International (DPI) has sold ADP II’s 33.4% stake in Egyptian retailer B.TECH to the Saudi Egyptian Investment Company (SEIC), a wholly-owned subsidiary of the Saudi Public Investment Fund (PIF).
OVH Energy BV, a joint venture between Vitol and Helios, has completed the sale of its 100% share in OVH Energy Marketing Limited and ASPM Limited to Nueoil Energy Limited, a local Nigerian company. OVH Energy Marketing Limited and ASPM Limited are now wholly owned by Nueoil Energy Limited, marking OVH Energy BV’s exit from Nigeria.
Apis Growth Fund I, a private equity fund managed by Apis Partners, has agreed to sell the whole of its interest in South African SME Financing company Retail Capital to TymeBank.
Amethis has exited Pétro Ivoire, a retail distributor of oil and gas products in Cote d’Ivoire, through the sale of its minority stake to Caisse Nationale de Prévoyance Sociale (CNPS), a large Ivoirian public institution.
Apis Growth Fund I, a private equity fund managed by Apis Partners, has agreed to sell the whole of its interest in payment solutions provider Q Link to Sanlam Private Equity (SPE).
Mediterrania Capital Partners has sold its stake in Groupe Cofina, a mesofinance and transactional financial services institution in West and Central Africa, to Development Partners International (DPI).
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.