Alterra Capital Partners, an Africa-focused private equity firm that spun out of Carlyle in 2020, has been joined by Bryce Fort and Paul Maasdorp, Partners at Emerging Capital Partners (ECP), to launch a new African investment vehicle.
PE Industry News
Rwanda Finance (RF) and the East Africa Venture Capital Association (EAVCA) have partnered to enable private investment in Africa through their respective mandates.
On June 1, 2021, the Competition Commission had formally blocked the process of Pan-African PE firm Emerging Capital Partners (ECP) from purchasing fast-food chain Burger King South Africa and Grand Foods Meat Plant.
Transformation Investment Portfolio (TIP) One has partnered with SDG Global Group to set up funds for investing in Africa, and to raise funds from international investors for impact projects in Africa.
Starsight Energy, a technology-enabled African Commercial & Industrial (C&I) energy-as-a-service provider, has acquired a 50% stake in the East African operations of Premier Solar Group, a C&I solar company with a focus on Sub-Saharan Africa and South Asia.
MiDA Advisors, a global transaction and financial advisory firm, and SAVCA have launched the Women Empowerment Mentoring and Incubation Fund Manager Programme (WE>MI), to increase the number of investable women fund managers in Southern Africa.
As a result of the economic fallout precipitated by the Covid-19 crisis, the value of PE deals marginally declined to $3.3bn in 2020, from $3.8bn in 2019, according to the new AVCA report.
FSD Africa partners with industry associations to support SMEs through Private Equity and Private Debt Programme
FSD Africa, a specialist development agency working to reduce poverty by strengthening financial markets across sub-Saharan Africa, has signed co-operation agreements with AVCA, EAVCA, SAVCA and PEVCA to coincide with the launch of the Africa Private Equity and Private Debt Programme.
Verod Capital Management has announced the completion of the merger between Tangerine Life Insurance, a Verod Capital partner company, and ARM Life.
The economic, social and commercial prospects for investing in the African technology sector looks promising, especially as the acceleration of technology adoption continues, according to Ian Lessem, Managing Partner at HAVAÍC.
In 2020, Africa recorded its highest level of project financing in a decade in terms of investment value with 28 deals, totalling $30.07bn, reaching financial close, according to Linklaters.
GroFin, a specialist, impact-driven SME financier, has become a signatory of the Operating Principles for Impact Management led by IFC.
Ethos Private Equity has announced an agreement with JSE and LSE-listed investment manager Ninety One, to take on an advisory contract for Ninety One’s Africa Private Equity funds, effective as at December 15, 2020.
Fairfax Africa and Helios Holdings have announced the completion of the strategic transaction signed on July 10, 2020.