Actis, a pan-emerging markets private equity firm, has acquired a 21% stake in Integrated Diagnostics Holdings (IDH), the largest private sector healthcare diagnostics service provider in Egypt, from The Abraaj Group.
Qalaa Holdings (formerly Citadel Capital) is planing to sell two metallurgy companies to United Foundries Company SAE for around EGP260m ($36.33m) at the current rate of exchange.
Vantage Capital, Africa’s leading mezzanine debt provider, has provided $10m of funding to Simba Properties Investment Company, the property investment arm of Simba Group in Uganda.
Amethis Finance and Retail Holding (the parent company of Label’Vie Group) have jointly invested in CDCI, a food distribution company in Côte d’Ivoire.
As African private equity markets evolve, the ‘sweet spot’ is to be found at the smaller end of the deal size spectrum, according to Nick Tims, managing director in the client group at Investec Asset Management.
Advanced Finance & Investment Group (AFIG Funds) has signed a strategic partnership agreement with the Bourse Régionale des Valeurs Mobilières (BRVM), the regional stock exchange for UEMOA (the West African Economic and Monetary Union), for the financing of private companies via the stock exchange.
EMPEA has launched the Frontier Markets Council, an advisory body comprised of and dedicated to fund managers, institutional investors and industry advisers active in the frontier markets.
The African Private Equity and Venture Capital Association (AVCA) has launched the Francophone Africa-focused Legal & Regulatory Committee, a sub-Committee of AVCA’s Legal & Regulatory Committee (L&R; Committee).
The conditions are ripe for private equity investment into Africa, according to Steve Costabile, Head of Private Funds Group at PineBridge Investments.
Actis has announced a significant investment in Université Centrale Group (Université Centrale), a leading provider of private tertiary education in Tunisia.
Permira, an international private equity firm, has acquired Teraco Data Environments, the largest provider of carrier neutral datacentre services in Sub-Saharan Africa.
ADP II, a pan-African private equity fund advised by DPI, has acquired a strategic minority stake in HomeChoice International, an omni-channel home shopping retailer in southern Africa, from the majority shareholder in HomeChoice. Eduardo Gutierrez Garcia, Partner at DPI, said: “HomeChoice is a top quality business with a unique and flexible operating model coupled with an experienced and impressive management team.”
DPI, an Africa-focused private equity firm, has announced its intention to sell Assur Africa Holding (AAH), which holds a 77% stake in Nigeria’s Mansard Insurance, to the AXA Group (AXA) for a total consideration of approximately €198m ($245.27m).
The African Private Equity and Venture Capital Association (AVCA) has launched the Stakeholder Advocacy and Communications Committee (SACC), an advisory group that will work with AVCA to advance and promote its advocacy-led stakeholder engagement.
