Cauris Management, a private equity fund manager in Francophone West Africa, has sold its shares in Atlantic Business International (ABI) and Bridge Bank Group Côte d'Ivoire.
Absa Bank, a wholly owned subsidiary of Barclays Africa Group, has announced that it will sell its 49% stake in RainFin to the company’s founders and management.
American Capital Energy & Infrastructure (ACEI) has exited all of its African energy investments, which it invested in over a three year period.
Qalaa’s cement subsidiaries, ASEC Cement and ASEC Cement Djelfa Offshore, have signed a preliminary agreement to sell 100% of Algerian Cement Plant Djelfa for $60m transaction to a consortium of Algerian investors.
Maghreb Private Equity Fund II (MPEF II), managed by AfricInvest, has sold its 20.06% stake in the Group Cotugrain Hortimag, a Tunisia-based leader in the production of seeds, fresh vegetables, and young plants for export.
AfricInvest’s Maghreb Private Equity Fund II (MPEF II) has successfully concluded its exit from Général Emballage, a leader in the manufacturing and processing of corrugated cardboard based in Algeria, to a consortium of Development Partners International (DPI) and DEG.
Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund manager, has confirmed the sale of its stake in Sodigaz, to the sponsors and majority shareholders of the company.
I&P Développement 1 (IPDEV1), Investisseurs & Partenaires’ fund launched in 2002, has realized two new exits in Mauritania and in Senegal.
Rockwood Private Equity-led consortium has entered into an agreement with Euronext-listed Wendel regarding the sale of its interest in the Tsebo Soulutions Group for an enterprise value of ZAR5.25bn ($375m).
Steinhoff International, a South African-based international retail holding company, has agreed to acquire Tekkie Town, South Africa’s largest specialist footwear retailer, from a private equity firm Actis.
Rockwood Fund I, a R4.5bn South African leveraged buyout fund managed by Rockwood Private Equity, and Thebe Investment Corporation have exited Safripol to KAP Industrial Holdings for an equity value of R4.1bn ($310m).
African Infrastructure Investment Managers (AIIM) has announced the successful sale of investments in three privately-concessioned toll roads in Southern Africa, to a consortium of largely existing investors including Public Investment Corporation, Liberty Group, Old Mutual and Africa Finance Corporation.
South African private equity firm Ethos has announced a divestment from Brandcorp Holdings, a distributor of industrial and consumer products, to the Bidvest Group.
MCB Equity Fund has successfully exited Speedy, an automotive fast-fit services in France to Bridgestone EMEA, a subsidiary of the Tokyo-based Bridgestone Corporation.
