AXA, a French multinational insurance and asset management group, has announced a €75m investment in Africa Internet Group (AIG), an e-commerce group in Africa, for an 8% stake of the company’s capital.
The Tunisian Consignment and Deposit Fund (Caisse des Dépôts et Consignations, CDC) and Bpifrance, a French public investment bank, are set to launch a €20m French-Tunisian private equity fund on February 5 in Tunis.
XSML, a private equity fund manager active in Central Africa, has announced the first close of its African Rivers Fund at $45m, attracting a number of leading institutional investors.
Broadreach Private Equity alongside Grindrod Financial Services have acquired an equity stake in FS-Systems, an African systems integrator providing end-to-end fire & electronic security solutions.
West Africa continues to lead in share of private equity (PE) investments by region with a 25% share of deals between 2010 and 2015, a new report from the African Private Equity and Venture Capital Association (AVCA) has revealed.
French media giant Canal+, together with existing investor Kinnevik AB, have invested $19m in Nigerian tech and entertainment company, iROKO.
Amaya Capital and Azura Power Holdings have reached financial close for the 450MW Azura-Edo Independent Power Project (IPP) in Edo State, Nigeria.
Medu Capital, a South African private equity firm, is planning to close two investments via its third fund, according to Siyabonga Nhlumayo, Principal, responsible for investment execution and management.
LeapFrog Investments, a specialist investor in emerging markets has acquired a majority stake in UT Life Insurance Company, one of the key players in the life insurance sector in Ghana.
Verod Capital, a private equity manager based in Nigeria, has held the final closing of its Verod Capital Growth Fund II at $115m, exceeding its original target of $100m.
Ethos, a South African private equity investor, has sold its entire stake in a niche technology company, CQS Investment Holdings (CQS) to JSE-listed Adapt IT, an information technology services and specialised solutions provider, for R216.81m.
Ethos Private Equity has acquired a 65% stake in The Eazi Group, Africa's market leader in the rental, sale and servicing of work-at-height and material handling solutions, in a deal valued at R1.6bn.
The West Africa Emerging Markets Growth Fund (WAEMGF), managed by PCM Capital Partners, has invested in First Atlantic Bank Ghana, a full-scale commercial bank with over 20 years’ experience in the Ghanaian banking industry.
Old Mutual Property (OMP), a division of Old Mutual, has invested KES6.4bn ($62.5m) in Two Rivers Lifestyle Centre (TRLC), the holding company for the Two Rivers Mall in Kenya.
