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.
Sanlam Private Equity (SPE) has acquired a majority stake in Danny’s Auto Body Parts, a provider of a wide range of high quality aftermarket automotive parts and accessories for various vehicle types and models in South Africa and other sub-Saharan countries.
The Infra Impact Mid-Market Infrastructure Fund 1, managed by Infra Impact Investment Managers, has exceeded its fundraising target, reaching a successful final close at R2.15bn ($115m).
AfricInvest has exited from Promamec, a Moroccan producer and distributer of medical devices for the public and private sectors.
Vantage Capital, Africa’s largest mezzanine debt fund manager, has made an investment into Aquasantec International, a manufacturer and distributor of water tanks, pipes and related products, addressing water, sanitation and hygiene needs across the East African region.
CVE South Africa, an international Independent Power Producer (IPP) with offices in Cape Town and Johannesburg, has funded a large solar-plus-battery project that will provide clean power and load shedding relief to one of the oldest and largest technical high schools in South Africa.
Vantage Capital, Africa’s largest mezzanine fund manager, has closed a €30m equity investment for the acquisition of a significant minority stake in Promamec, a Moroccan medical distribution business.
Carlyle has agreed to sell its majority stake in Tessara, a provider of post-harvest solutions in South Africa, to AgroFresh Solutions.
Absa Corporate and Investment Banking (CIB), has invested $8m in Moove, an African-born, global mobility fintech, bringing its total funding to-date from the bank to $28m.
Aruwa Capital Management, an early-stage growth equity and gender lens fund investing in Nigeria and Ghana, has made a $2 million investment into Fastizers, a local manufacturer of snack foods and confectioneries in Nigeria.
Gemcorp Capital Management has announced that one of its funds has entered into a $25m loan agreement with a subsidiary of Walkabout Resources, an ASX listed African focused energy mineral developer, to support the development into production of its Tanzanian graphite mine, Lindi Jumbo.
Verod-Kepple Africa Ventures (VKAV) has invested $1.5m in Chari, a Morocco-based B2B e-commerce company, to support its growth plan.
