Secha Capital has announced a first close of its second fund, with R300m in investments from blue-chip investors RMB - Rand Merchant Bank Ventures, 27four Investment Managers, SA SME Fund and Caleo Capital.
Metier has announced the first close for Metier Capital Growth Fund III, raising just over $182m, with further commitments expected by final close positioning Metier to exceed its targeted fund size of $200m.
The Vumela Enterprise Development Fund has invested R18m in Rentoza, South Africa’s first pure play subscription model for digital goods and appliances.
Kasada, an independent real estate private equity platform dedicated to the hospitality industry in Africa, has acquired the former Radisson Blu Hotel & Residence, the 214-room hotel in the center of Cape Town from a local real estate investment company.
Abidjan-based private equity firm Joliba Capital has announced the first close of its Joliba Fund I, raising €55m from commercial and development investors including IFC, Proparco, FMO and the French private equity firm LBO France.
The Pan-African Fund Managers’ Association (PAFMA), a new trade association, was launched in Nairobi, Kenya on September 4 during the Africa Climate Summit 2023.
Tana Africa Capital has exited its investment in IEG, a network of schools with more than 4,500 students across three schools in Morocco and one school in the Netherlands, to Globeducate, one of the world’s leading K12 education groups.
Camco has announced commitments of nearly $25m in equity and debt funding for Spark Energy Services (Spark), its innovative financing platform supporting energy efficiency and captive solar initiatives in Sub-Saharan Africa’s commercial and industrial (C&I) sector.
Rand Merchant Bank (RMB) has acted as the sole arranger and lender to the GZ Industries Limited group (GZI) on a $47m and NGN5bn funding package, offering a tailored solution that positions the company favourably for growth and expansion in the future. GZI is a manufacturer and producer of premium-quality aluminium cans for several leading global blue chip beverage brands in Africa and the largest pure play beverage packaging solutions provider in Africa.
A.P. Moller Capital has acquired Vector Logistics, a South Africa’s frozen infrastructure logistics operator, providing multi-temperature warehousing and distribution, supply chain intelligence, and sales and merchandising solutions.
African Infrastructure Investment Managers (AIIM) has agreed to invest $90m of growth equity through its latest pan-African infrastructure fund, African Infrastructure Investment Fund 4 (AIIF4) in N+ONE DATACENTERS (N+ONE), an African data center owner and operator.
Vista Group has agreed to acquire 61.4% of Oragroup S.A, the holding company of Orabank, from ECP, BIO, DEG, Proparco and Envol Afrique.
Moove, an African-born, global mobility fintech, has secured $76m in new funding, consisting of $28m in equity from new and existing investors, in a process led by Mubadala Investment Company (Mubadala), $10m venture debt from funds and accounts managed by BlackRock, and $38m in previously undisclosed funds raised during the prior twelve months.
Triodos Microfinance Fund and Triodos Fair Share Fund have provided a $10m loan to Bridge Taxi Finance in South Africa, which provides affordable credit facilities to entrepreneurs in the minibus taxi industry. The loan supports Bridge Taxi Finance in its growth ambition.