Actis, RMB Westport and Paragon Holdings, have sold their stakes in Ikeja City Mall to South African real estate investment trust, Hyprop Investments, and Attacq, a JSE-listed real estate capital growth fund.
Qalaa Holdings has sold its stakes in cement subsidiaries ASEC Minya Cement and ASEC Ready Mix, representing 46.5% and 55%, respectively, to Misr Cement Qena for approximately EGP1bn ($124.6m).
Adenia Partners has exited its investment in Hôtel du Louvre, a flagship business hotel located in Antananarivo, Madagascar, to a group of local investors.
Ethos Private Equity has confirmed the intention to partially exit its stake in Waco, a South African industrial services company, through a listing on the Johannesburg Stock Exchange (JSE) later this year.
Emerging Capital Partners (ECP) along with its investment partners, have announced the sale of a 53.6% share of the Nigerian reinsurance company, Continental Reinsurance, to Saham Finances, the insurance arm of Saham Group.
AfricInvest alongside FMO, Finnfund, Bank of Africa Group and Gras Savoye, have completed the sale of its 59.34% equity stake in Alios Finance to TLG Finance, a holding company controlled by Tunisie Leasing.
AfricInvest, a pan-African SME-focused private equity firm, has announced that its AfricInvest Fund II, along with other shareholders, has successfully exited its investment from Brookhouse Schools to UK-based Educas.
Actis has exited its investment in a power generation platform Globeleq Africa to a company owned by Norfund, the Norwegian investment fund for developing countries and CDC Group, the UK government’s development finance institution.
The West African private equity fund manager Cauris Management has confirmed the sale of its stake in Eau Technologie Environnement (ETE) to the Moroccan company Les Eaux Minérales d’Oulmès (LEMO), delivering 3.4x returns on the fund’s initial investment.
The Carlyle Group, a global alternative asset manager with $193bn of assets under management, has announced plans to sell its current minority stake in Export Trading Group (ETG), an African agricultural commodities supply chain manager, to the company management team/founders.
Emerging Capital Partners (ECP) has exited la Nouvelle Societé Interafricaine d’Assurance Participations SA (NSIA) through the sale of its 26.3% equity stake to the National Bank of Canada (National Bank) and Amethis Africa Finance (Amethis Finance).
The Abraaj Group has sold its 13.6% stake in UAP Holdings, a pan-African insurance holding company, to Old Mutual, a London-listed international investment, savings, insurance and banking group.
Kibo Capital Partners, a manager of regional private equity funds, has fully exited its 40% stake in Uganda-based International Medical Group (IMG) to a consortium consisting of the Ciel Group, an investment conglomerate in Mauritius with growing activities East Africa, and Fortis, a healthcare operator from India.
Helios EB Investors II, a wholly-owned subsidiary of Helios Investment Partners, has sold its 2.44% stake in Equity Group Holdings to the National Social Security Fund (NSSF Uganda) at a price of KES 50 ($0.51) per share.
