Zaad Holdings, a wholly owned subsidiary of Zeder, which serves as its focused platform for operationally complimentary investments in the strategic agri-inputs sector, has acquired a 49% stake in the Farm-Ag Group.
The Carlyle Group, a global alternative asset manager, has invested in Mazarine Energy, an upstream oil and gas company with existing assets in Tunisia.
XSML via its African Rivers Fund (ARF) has invested an undisclosed amount in B.I.S., a Congolese manufacturer of generic pharmaceutical products.
Singularity Investments, a private investment office primarily focused on investment opportunities in Africa and North America, has invested an undisclosed sum in Sliide Airtime, a privately-held technology company with offices in Lagos and London.
Since January 2014, exchange rate movements have subtracted value from realized private equity investments in emerging markets of nearly 60% of respondents of the latest EMPEA survey, with several respondents estimating losses of $500m.
African Rivers Fund (ARF), managed by the Dutch fund manager XSML, has made its first investment in Institut Aurora, an education provider in the Democratic Republic of the Congo.
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, is aiming to have a first close of its fourth fund this Summer.
The last four years have seen an increase in private equity market multiples on the African continent, according to Bright Africa, an ongoing research endeavor from RisCura.
The Abraaj Group has successfully exited its investment in a Tunisian pharmaceutical company Unité de fabrication de médicaments (Unimed), through an IPO on the Tunis Stock Exchange.
Quantum Global Group has agreed to invest approximately $50m in new plantation establishment, infrastructure and wood processing industries in Angola over the next five years.
Private equity exits in Africa reached a 9-year high in 2015, even as firms held onto their investments longer due to economic uncertainty, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).
Convergence Partners and Stockdale Street have acquired 100% of e4, a South African technology company with an international footprint in Africa, Europe, the US and Australia.
Catalyst Principal Partners, an East Africa focused private equity firm, has invested in Orbit Chemical Industries, a Kenyan manufacturer providing end-to- end manufacturing production for household and personal care products, industrial chemicals and agro-chemicals.
The BDO Development Capital Fund, has invested €3m in Obelisk Group, a specialist in service provision to the telecommunications and utilities sectors, to drive further expansion in South Africa and the UK.
