In the context of a global search for returns, investors are increasingly exploring the sub-Saharan African private equity market, according to Erika van der Merwe, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA).
LeapFrog Investments has become the first equity impact investor to surpass the billion-dollar mark, after the Overseas Private Investment Corporation’s commitment of up to $200m.
AfricInvest Fund III has acquired a significant minority interest position (over 35%) in Salvador Caetano Auto Africa, the holding company of the Group dedicated to auto distribution and retail business in Africa.
SOKOTRA Capital, a Dubai-based private investment company focusing on frontier markets, has been appointed as the exclusive commercial and marketing agent for Grupo Dibaq Diproteg (Dibaq), one of Spain’s largest and oldest privately owned animal feed producers.
Actis, a pan-emerging market investor, has opened a new permanent office in New York City, which is its third office in the Americas and 13th globally.
There has been an increasing trend in strategic sales as a private equity exit route in Africa, according to Jacob Kholi, partner at The Abraaj Group.
There is a disconnect between the management team of the pension funds and their boards in West Africa, when it comes to private equity investments, Africa Global Funds has learned.
Old Mutual Private Equity (OMPE), a division within Old Mutual Alternative Investments, has acquired a 70% stake in MoreCorp, a sport, leisure and wellness business underpinned by technology with interests in golf and cycling.
Energy Access Ventures (EAV), a Paris-based impact‐focused venture firm, has announced its $2m inaugural investment in Off-Grid Electric (OGE), an off-grid electric company providing clean, affordable solar power to homes in East Africa.
CrossBoundary Energy has raised $8m in equity at the first close of CrossBoundary Energy Fund I, Africa’s first dedicated fund for commercial and industrial solar.
Actis, an emerging market investor, has announced an investment of R760m ($54m) in Food Lover’s Market, which is estimated to be the largest independent food retail group in Africa.
A growing number of impact investors express interest in West Africa, but they are seeking a greater understanding of the opportunities and risks in this market, Amit Bouri, CEO of the GIIN, has said.
Malaik, an impact-focused equity crowdfunding portal, has test launched to connect investors interested in impact investment opportunities and entrepreneurs raising equity finance in Africa.
TLG Capital, a private equity firm focused on Sub-Saharan Africa, is targeting $150m for its new credit fund, according to Nicholas Hofgren, Advisory Board Member.
