TriLinc Global Impact Fund has approved Helios Investment Partners to act as its sub-advisor on term loan investment opportunities in Sub-Saharan Africa.
South Africa attracts more than half the continent’s PE transactional activity thanks to a combination of market size, ease of doing business and comparatively well-developed financial institutions and governance practices, Sean McPhee, partner at Deloitte’s Corporate Finance unit, has said.
SPEAR Capital, a Scandinavian-backed Sub-Saharan Africa focused private equity investment company, has acquired a 27% stake in Dendairy, Zimbabwe’s second largest dairy producer, in a combined debt and equity transaction valued at $6m.
African Infrastructure Investment Managers (AIIM), an infrastructure equity investment manager, and international power developer, Joule Africa, have entered into an agreed framework that provides AIIM the opportunity to become a major equity investor in the power projects being developed by Joule Africa.
Helios Investment Partners has agreed to invest $100m for a 12.4% stake in Africa Oil Corp., a Canadian oil and gas company with assets in East Africa.
Private equity (PE) exits in Africa reached an eight-year high in 2014, and strong activity is expected to continue, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).
The Ethos-led consortium, comprising Ethos Fund VI, Hamilton Lane and HarbourVest, has contributed $150m into the $350m of new equity raised by Eaton Towers from new and existing shareholders.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has announced its 2015 Global Engagement Call for Proposals from fund managers seeking OPIC financing for private equity investment funds.
Duet Group has signed a partnership agreement with Bouygues Batiment International to establish Duet Africa Hotels, a vertically integrated hotel investment, development and asset management company, with an initial target equity raise of $200m.
Qalaa Holdings, a pan-African infrastructure and industry investment company, has hired CI Capital as adviser to study strategic options for the full exit of Tanmeyah for Microfinance Services, a non-core subsidiary in which Qalaa holds a 70% stake.
The impact investor Vital Capital has existed from two infrastructure investments in Angola, delivering an IRR of over 24% for the fund’s investors in these two projects.
Morocco has emerged as the top investment destination for private equity in North Africa, attracting 51% of all deals and 43% of total capital invested in the sub-region between 2010 and 2014, according to a report by the Emerging Markets Private Equity Association (EMPEA).
Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in growth markets, has closed its second financial inclusion focused fund at $31m.
Verod Capital has acquired Union Trustees, a fully owned subsidiary of Union Bank of Nigeria.
