Apis Growth Fund I, a private equity fund managed by Apis Partners, has fully exited its position in South African merchant acquirer Adumo to Lesaka Technologies.
Mediterrania Capital Partners (MCP), a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, has completed its exit from TGCC, a leading construction and civil engineering company based in Morocco.
Development Partners International (DPI), British International Investment (BII), the UK government’s Development Finance Institution, and the European Bank for Reconstruction and Development (EBRD), have sold 100% of the shares in KELIX bio, an emerging markets biopharmaceuticals platform, to Mubadala Investment Company (Mubadala), the Abu Dhabi investor with over $276bn in assets under management.
TPG has fully exited its stake in Mavin Global to Universal Music Group (UMG), the world leader in music-based entertainment, while Kupanda Capital will a remain minority investor and strategic adviser.
CardinalStone Capital Advisers Growth Fund (CCAGF), managed by a a West Africa focused private equity firm CardinalStone Capital Advisers (CCA), has successfully sold its stake in i-Fitness Nigeria to Verod Capital Management.
Carlyle has agreed to sell Amecor, a South African designer, manufacturer and distributor of security communication equipment, to ASSA ABLOY Group.
Gulf Capital has successfully completed the sale of 100% of AmCan, an exclusive distributor of many of the top global sports nutrition brands across the MENA region, to a leading regional FMCG distributor operating across the Middle East and Africa.
Sanlam Private Equity, the private equity division of Sanlam Investments, has sold its majority stake in a pet care retailer Absolute Pets to Woolworths Holdings.
Oasis Capital Ghana, an SME growth equity investor in West Africa, has announced the successful exit of its holdings in Legacy Girls College (LGC), aan educational institution based in Ghana catering exclusively to female students.
Tana Africa Capital has exited its investment in IEG, a network of schools with more than 4,500 students across three schools in Morocco and one school in the Netherlands, to Globeducate, one of the world’s leading K12 education groups.
AfricInvest has exited from Promamec, a Moroccan producer and distributer of medical devices for the public and private sectors.
Carlyle has agreed to sell its majority stake in Tessara, a provider of post-harvest solutions in South Africa, to AgroFresh Solutions.
Vantage Capital has fully exited its investment in Cap Tamarin, a smart city development located in the town of Tamarin on the west coast of Mauritius, managed by Trimetys Group.
Apis Growth Fund I, a private equity fund managed by Apis Partners, has exited Efficient Group to the Apex Group, a global financial services provider.
