Partech Africa II Fund Reaches Final Close
Partech has announced the final closing of its second Africa fund, Partech Africa II, at a hard cap of €280m ($300m+), attracting support from a diverse group of 40+ international investors.
Partech has announced the final closing of its second Africa fund, Partech Africa II, at a hard cap of €280m ($300m+), attracting support from a diverse group of 40+ international investors.
The Nedbank Corporate and Investment Banking (CIB) Property Finance Division has funded the acquisition of One Airport Square by the Sentinel Commercial REIT (Sentinel REIT).
Following the closing and deployment of capital from Renew Venture Lab Fund 1, Renew Capital has announced it is launching Renew Venture Lab Fund 2 (RVL2).
BluePeak Private Capital (BluePeak), an alternative asset management firm supporting the growth of scalable businesses in Africa, has announced the completion of its sixth investment, a $20m loan to Teyliom Finance, a subsidiary of Teyliom group, a leading pan-African conglomerate active in five industries, across 12 countries.
Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, has announced that the portfolio companies managed by Mediterrania Capital III (MC III) delivered 30% y-o-y EBITDA growth until end of 2023.
Sahel Capital, a prominent investor in the food and agriculture sector in sub-Sahara Africa, has successfully approved a $1.5m Trade Finance loan from its Social Enterprise Fund for Agriculture in Africa (SEFAA) facility.
Old Mutual Alternative Investments (OMAI), through its Hybrid Equity capability, a specialist in innovative financial solutions, has announced a R125m preference share facility to Afropulse Group, a wholly black women-owned investment holding company.
Carlyle has agreed to sell Amecor, a South African designer, manufacturer and distributor of security communication equipment, to ASSA ABLOY Group.
General Atlantic has agreed to acquire Actis, creating a diversified, global investment platform with approximately $96bn in combined assets under management.
The African Guarantee Fund (AGF) has signed a landmark partnership agreement with Vista Group Holding to accelerate access to finance for small and medium-sized enterprises (SMEs) including women-led businesses in four West African countries: Burkina Faso, The Gambia, Guinea, and Sierra Leone.
Convergence Partners Digital Infrastructure Fund (CPDIF) has entered into a definitive agreement with Alviva Holdings to acquire 100% of Datacentrix Group.
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF), has successfully raised $294m of additional debt facilities, achieving over half of the Fund's target to raise $500m by 2025.
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.
Amethis, a member of the Edmond de Rothschild Private Equity Partnership, through its European strategy aimed at supporting SMEs in their internationalization, has taken a majority stake in Capital Banking Solutions (CBS) alongside Samer Hanna (President & CEO), Michel Tueni (COO) and Aziz Akl (CFO), as well as several key executives of the company who are reinvesting all their proceeds.