Despite the low growth environment in South Africa, private equity houses in the country continue to see investment opportunities and deliver lucrative returns for investors, AGF has learned.
Capital Alliance Private Equity IV (CAPE IV), a private equity fund managed by African Capital Alliance (ACA), has acquired a 49% stake in Continental Reinsurance (C-Re), the largest private pan-African reinsurer outside of South Africa.
Endeavor Energy, a power development and generation company backed by global PE firm Denham Capital, has significantly advanced the Songon Power Project in Côte d’Ivoire it is developing with local independent power producer Starenergie 2073.
Knife Capital, a South African venture capital firm, has launched KNF Ventures, a new fund dedicated to investing in innovation-driven ventures that aims for a minimum of 40% annualized return on investments.
African Alpha Investment Partners (AIIP) has backed SERS Ltd, an Africa focused equipment financing company based in Mauritius.
AfricInvest and Siparex have announced the first closing of the Fonds de Co-Localisation Franco-Tunisien (FCFT), promoted and equally subscribed by French and Tunisian state investors, Bpifrance (France) and Caisse des Dépôts et Consignations (Tunisia).
Futuregrowth Asset Management, a specialist investment company in South Africa, is planning to invest around R200m ($12.57m) in in sustainable aquaculture projects via its Futuregrowth Development Equity Fund.
The performance of South African private equity continues to highlight the benefits of including this asset class into a diversified institutional portfolio, according to the latest RisCura-SAVCA South African Private Equity Performance Report.
Amethis Finance has completed, together with the two other main shareholders of the company, WAEMGF and the Kadio-Morokro family, a capital increase of Petro Ivoire, a gas company in Ivory Coast.
Investec Asset Management, one of the largest investors in Africa, has successfully closed its sophomore fund, the Investec Africa Private Equity Fund 2 (IAPEF 2) at $295m.
Amadeus Capital Partners, a global technology investor, in partnership with MTN, a multinational telecommunications group, have invested $40m in Travelstart, an online travel agency in Africa.
Investisseurs & Partenaires (I&P;) has launched Sinergi Burkina, a new fund dedicated to small growing businesses and start-ups in Burkina Faso, as part of the IPDEV2 project.
Helios Investment Partners has partially exited its stake in Equity Group Holdings, Kenya’s banking group, to the Norwegian Investment Fund for Developing Countries (Norfund) and NorFinance, a joint venture investment company between Norfund and Norwegian private investors.
Malaik, an impact focused equity crowdinvesting platform, has launched a call for applications to African entrepreneurs with impact focused businesses.
