Qalaa Holdings, a pan-African infrastructure and industry investment company, has hired CI Capital as adviser to study strategic options for the full exit of Tanmeyah for Microfinance Services, a non-core subsidiary in which Qalaa holds a 70% stake.
The impact investor Vital Capital has existed from two infrastructure investments in Angola, delivering an IRR of over 24% for the fund’s investors in these two projects.
CVC Capital Partners has agreed to sell its 51% interest in an international health club operator Virgin Active to South African investment firm Brait, in a transaction that values the business at $1.94bn (£1.3bn).
Vantage Capital, a Pan-African mezzanine fund manager with over R5bn ($420m) of AUM, and the Dutch development bank FMO have exited their R220m ($32m) investment in Safripol, Southern Africa’s plastic polymer manufacturer.
Actis, a pan-emerging market private equity investor, has sold half of its stake in Edita Food Industries, the largest independent snack food business in North Africa.
Verod Capital, a Nigeria-based private equity firm focusing on investing equity and equity-linked capital in growth companies, has fully exited ownership of HFP Engineering, and partially exited its stake in GZ Industries.
The Abraaj Group, a private equity investor operating in global growth markets, has exited through one of its Funds, an investment in ECCO Outsourcing, a business process outsourcing (BPO) and contact center outsourcing (CCO) company in Egypt.
Qalaa Holdings is considering an exit of remaining Egyptian food businesses to accelerate group deleveraging and de-risking.
AfricInvest, The Abraaj Group and Swedfund, will sell their 37.3% collective stake in UAP Holdings to Old Mutual Holdings, a wholly-owned subsidiary of Old Mutual, for KES 14.2bn ($155.5m).
The Abraaj Group has exited its investment in Moulin d’Or, a leading producer of baked goods in Tunisia, through one of its Funds.
Qalaa Holdings (formerly Citadel Capital) is planing to sell two metallurgy companies to United Foundries Company SAE for around EGP260m ($36.33m) at the current rate of exchange.
DPI, an Africa-focused private equity firm, has announced its intention to sell Assur Africa Holding (AAH), which holds a 77% stake in Nigeria’s Mansard Insurance, to the AXA Group (AXA) for a total consideration of approximately €198m ($245.27m).
Ethos Private Equity is set to exit its investment, the Tiger Automotive Group (TiAuto), subject to the fulfillment of certain conditions, including competition approval.
ADC African Development Corporation AG has sold its 38.74% stake in Resolution Health East Africa to Peter Nduati, CEO and founder of RHEAL, backed by LeapFrog Investments.
