Apis Growth Fund II, a private equity fund managed by Apis Partners, has agreed to sell the whole of its interest in third-party payments enabler International Tutuka Holdings to Salt Pay Co.
Criterion Africa Partners, a private equity firm investing in the forestry sector in Sub-Saharan Africa, has exited the forestry and saw-milling business of its portfolio company Peak Timbers (Peak) to Shiselweni Forestry Company.
After ten years supporting Orange’s growth on the Malagasy market, a consortium of minority investors led by Terra Mauricia and Kibo Fund divested in January 2021 its 16% stake in Orange Madagascar.
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 sold its remaining stake in Cash Plus, the largest independent money transfer company in Morocco, to a group of Moroccan family offices.
TLG Capital has exited its investment in BAJ Stations Uganda, after nearly 4 years, at 30+% IRR in USD.
Criterion Africa Partners (CAP), a private equity firm investing in the forestry sector in Sub-Saharan Africa, has announced that its portfolio company Global Woods has completed the sale of its Uganda timber plantation to Nile Fibreboard (NFB), a local strategic buyer.
Tuninvest Sicar, a multi-sector fund managed by Africinvest Group, has sold its 30% stake in Hydrosol Fondations, a Tunisian geotechnical and foundation engineering company, to Ginger Group.
CrossBoundary Energy (CBE ), a direct investment arm of CrossBoundary that finances solar projects in Africa, has exited of its first fund at a 15% net IRR to investors.
8 Miles, a Pan-African private equity firm, has agreed to sell its entire 42% holding in Orient Bank, a mid-tier commercial bank in Uganda, to I&M Holdings.
Apis Growth Fund I’s (AGFI) investee company DPO Group (DPO), a high-growth online commerce platform in Africa, has entered into an agreement to be acquired by Network International (NI), a provider of digital commerce across the Middle East and Africa.
Acumen, a non-profit impact investment fund, has exited its stake in a Tanzanian-based clean cooking company KopaGas, following Circle Gas acquisition.
Brait has sold its 63.1% interest in Iceland Foods to a newly established company NewCo in line with its revised strategy to maximise value realisation from its assets over the next five years.
Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, has successfully completed the sale of MetaMed, the region’s largest diagnostic imaging network, to Ray Lab, owned by a consortium of international and regional investors.
Actis has exited its majority stake in GHL Bank, a full-scale commercial bank in Ghana, to First National Bank Ghana, a 100% subsidiary of FirstRand Group.