Old Mutual Alternative Investments (OMAI), a boutique of Old Mutual Investment Group, has agreed to acquire the 50% of African Infrastructure Investment Managers (AIIM) that it does not already own, making it the sole shareholder of the pan-African infrastructure investment manager.
The Abraaj Group has fully exited its shareholding in African insurer, Saham Finances, to Sanlam Group and the Saham Group, a diversified Moroccan-based conglomerate operating in the insurance, offshoring and real estate sectors in the Middle East and Africa, and the parent company of Saham Finances.
Amethis Finance, an investment vehicle dedicated to Africa with a total investment capacity of €400m, has acquired a minority equity stake in HMAO Group, thus entering West Africa’s healthcare market.
Flexpoint Ford, a Chicago-based private equity investment firm with $2.3bn under management specializing in privately negotiated investments in the financial services and healthcare industries, has backed Veling, a niche aircraft leasing company with offices in Mauritius and London.
Growing numbers of limited partners (LPs) consider co-investments an important part of their overall private equity portfolios, Africa Global Funds has learned.
Actis, RMB Westport and Paragon Holdings, have sold their stakes in Ikeja City Mall to South African real estate investment trust, Hyprop Investments, and Attacq, a JSE-listed real estate capital growth fund.
Helios Investment Partners, an Africa-focused investment firm managing funds totaling over $3bn, has agreed to acquire a 70% controlling stake in Telkom Kenya from the Orange Group.
The MENA Long Term Value Fund (LTV) has joined a consortium of investors to acquire a majority stake in Egypt’s e-payment services platform, Fawry, valuing the company at EGP773m ($98.72m).
The implementation of new investment regulations in Namibia is set to provide a significant boost to private equity in the country, according to Erika van der Merwe, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA).
Careem, an app-based car service in the MENA region, has scored $60m in a series C investment round from the Abraaj Group and leading institutional investors.
Bamboo Finance and Louis Dreyfus Holding have joined forces to launch and manage NISABA, a $50m impact investment fund focused on small- and medium-sized agribusiness enterprises (SMEs) in Sub-Saharan Africa.
Qalaa Holdings has sold its stakes in cement subsidiaries ASEC Minya Cement and ASEC Ready Mix, representing 46.5% and 55%, respectively, to Misr Cement Qena for approximately EGP1bn ($124.6m).
The Abraaj Group has acquired through its second generation North Africa Fund, a majority stake in Centre de Traitement Al Kindy (Al Kindy), Casablanca’s largest private oncology clinic, and Clinique Spécialisée Menara (Menara), a leading oncology and imaging diagnostics center in Marrakech.
South Africa has continued to dominate private equity (PE) activity in the Southern African region, accounting for 76% of deal volume and 92% of deal value from 2007-2014, according to the African Private Equity and Venture Capital Association (AVCA).
