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.
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).