LionPride, a South African venture capital fund manager, has launched a joint venture (JV) with ETS PLATFORM to bring a preventative care telemedicine platform to Africa.
PE Industry News
Vital Capital, an impact investment private equity fund focused on companies in Sub-Saharan Africa, has joined forces with the US Government’s Kenya Investment Mechanism (KIM), to provide financing to Kenyan businesses affected by COVID-19.
Fairfax Africa, an investment holding company traded on the Toronto Stock Exchange, has entered into a definitive agreement with Helios for the combination of their complementary businesses on one unified platform.
Carlyle Group is spinning out its Sub-Saharan African team to Alterra Capital, a new company formed by the managers of its $700m regional fund, Bloomberg reported.
Nigerian investment firm Àrgentil Capital Partners has provided support to a number of initiatives to help with the healthcare emergency created by the COVID-19 pandemic.
Emerging Africa Infrastructure Fund (EAIF) has been appointed joint mandated lead arranger (JMDA) of the $30m debt finance package being raised by Tembo Power to build the Kaptis hydro-electric power plant in Western Kenya.
The Southern African Venture Capital and Private Equity Association (SAVCA) has launched a small, medium and micro enterprise (SMME) support platform in collaboration with is membership network, which consist of professionals who manage over R175bn in assets.
The majority of investors (82%) surveyed by the African Private Equity and Venture Capital Association plan to increase or maintain their African private equity (PE) allocation over the next three years.
The impact investment fund I&P Afrique Entrepreneurs, the Belgian Investment Company for Developing Countries (BIO) and ACEP-International have joined forces to create ACEP Group, a new microfinance group with a goal of empowering African entrepreneurs.
Mediterrania Capital Partners has announced that its portfolio companies managed by MC II and MC III funds achieved 25% EBITDA year-on-year growth up to the end of 2019, reaching over €1bn in aggregated annual revenues.
In 2019, 243 African tech start-ups raised a total of $2.02bn in equity through 250 rounds, representing a 74% growth year-on-year, according to Partech Africa.
Helios Investment Partners has received a Certified B Corporation (B Corp) status that recognizes the firm’s long-standing commitment to sustainability and responsible business practices
Capria, the largest network of emerging market fund managers, has said it would be investing up to $20m in existing members and 2-3 new funds to capitalize on the budding entrepreneurial ecosystems of the African region.
Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, has announced the highly positive performance of the four Mediterrania Capital III (MC III) portfolio companies: TGCC, Cairo Scan, Groupe Cofina and Aziza.