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.
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.
Amaya Capital and Azura Power Holdings have reached financial close for the 450MW Azura-Edo Independent Power Project (IPP) in Edo State, Nigeria.
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.
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.
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.
Kibo Capital Partners, a provider of growth capital in East Africa, Southern Africa and the Indian Ocean islands, has announced the second close of its Kibo Fund II.
Prudential Financial, a financial services company with more than $1trn of assets under management, and LeapFrog Investments have launched a $350m investment partnership to access high-growth markets in Africa.
The assumptions that are used in incorporating alternative investments into enterprise risk analysis can have important consequences for the perceived risk within investors’ portfolios, according to a white paper from BNY Mellon.
54 Capital, an Africa focused private equity firm, has invested $42m into Addis Pharmaceutical Factory (APF), Ethiopia’s leading pharmaceutical manufacturer.
Old Mutual Private Equity (OMPE), a division within Old Mutual Alternative Investments, has acquired a significant minority stake in In2food, a South African convenience food manufacturing business.
