PCM Capital Partners, managers of the West Africa Emerging Markets Growth Fund (WAEMGF) has invested €4.1m in Ubipharm SA to part fund its African expansion.
The Investment Funds for Health in Africa (IFHA) has raised a total of $136.85m in the second closing from a diverse range of investors, including multinational companies, pension funds and development finance institutions.
M-KOPA Solar, the world’s leading pay-as-you-go energy provider to off-grid homes, has announced the closing of a $19m financing round led by London-based Generation Investment Management.
Duet Private Equity Group has acquired an Ivory Coast-based Societe Africaine des Produits Laitiers et Derives (SAPLED) from the Sifaoui Group through the creation of Duet Consumer Ivory Coast Holdings (DCICH).
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 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.
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.
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.
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.
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.
