The Fund I&P Afrique Entrepreneurs 1 (IPAE 1), managed by Investisseurs & Partenaires has exited from two portfolio companies: the group CONERGIES, based in Côte d’Ivoire and Mali, and the Senegalese company Delta Irrigation.
PCM Capital Partners, managers of the West Africa Emerging Growth Fund (WAEMGF) have announced the Fund’s exit from its investment in Petro Ivoire, a leading player in the downstream oil and gas sector in Cote d’Ivoire.
Actis, a growth markets investor, has announced their agreement to the sale of Compuscan, a provider of credit information and ScoreSharp, a decision analytics company, to Experian for ZAR3.72bn.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided €19m of mezzanine funding to Pétro Ivoire, a leading distributor of oil & gas products in Côte d’Ivoire.
AfricInvest Fund II (AF II) has exited from its investment in Kiboko Holdings (KH), a Mauritius-based company with diverse interests across the East African region in a variety of sectors including FMCG, pharmaceutical manufacturing and distribution, and insurance brokerage.
The Blackstone Group has exited its stake in Bujagali Energy (BEL), the developer of the 250-megawatt Bujagali hydropower project in Uganda, to a Norwegian hydropower developer SN Power.
Vantage Capital, Africa’s largest mezzanine debt fund manager, has fully exited its investment in New GX Capital, generating returns for Vantage’s Fund III investors of more than 35%.
The Abraaj Group and The Public Investment Corporation have exited Libstar, a supplier of high-quality products in the consumer packaged goods industry, in $237m IPO on the Johannesburg Stock Exchange.
Centum Investment Company has sold its 25% stake in Platcorp Holdings to Suzerain Investment Holdings, a consortium of Platcorp’s management team and an existing shareholder.
Wendel, one of Europe's leading listed investment firms, has disposed its stake in Saham Group’s holding for $155m.
Phatisa has partially exited its investment in Kanu Equipment, a pan-African distributor of capital equipment, to Adenia Partners, generating an IRR in excess of 50%.
Actis has agreed to sell its 79.5% majority stake in Mentor Management, a Kenyan project management company, to Turner & Townsend, a global construction and management consultant.
Mergence Investment Managers has announced a successful first exit from an investment in a solar energy project housed in the Mergence Renewable Energy Debt Fund I.
LeapFrog Investments has sold a major stake in an emerging markets mobile insurer BIMA to Allianz X as part of a $96.6m transaction.