Helios EB Investors II, a wholly-owned subsidiary of Helios Investment Partners, has sold its 2.44% stake in Equity Group Holdings to the National Social Security Fund (NSSF Uganda) at a price of KES 50 ($0.51) per share.
Kagiso Tiso Holdings (KTH) has acquired a 51% stake in a business service provider Servest Group (Servest) to form the largest, majority black-owned, facilities management company in Africa, in a transaction valued at about R4.5bn ($373m).
Private equity teams in Africa are very much about close and trusted partnerships, Phatisa’s co-founder Stuart Bradley has said.
Incofin Investment Management has reached a first closing of the agricultural Rural Impulse Fund (agRIF) at $71m to invest in financial intermediaries in emerging economies (Africa, Asia, LAC Region, CEE-NIS).
TPG Growth, a middle market and growth equity platform of TPG, and Satya Capital, an independent investment firm focused on providing long-term growth capital to African businesses, have partnered to focus on new investments in Africa.
XSML, an independent private equity fund manager active in Central Africa, has invested in Ets Lejack (Lejack), a toilet paper business based in Kinshasa, DRC, through the Central Africa SME Fund (CASF).
Qalaa Holdings (formerly Citadel Capital) has released its consolidated financial results, for the period ending March, 31 2015, reporting revenues of $253.6m, up 42.5% from the same period last year.
Auvest Group, a principal investor offering investment management services to institutions and family offices, has launched the Auvest MENASA Opportunities Fund I, aiming to raise between $250m and $300m.
The Public Investment Corporation (PIC) on behalf of the Government Employees Pension Fund (GEPF) has invested $149m for a minority stake in Bayport Management (BML).
The Pembani Remgro Infrastructure Fund has achieved a successful first closing of $245m, with the aim of achieving final close during 2015 at a target fund size of $500m.
TriLinc Global Impact Fund has approved Helios Investment Partners to act as its sub-advisor on term loan investment opportunities in Sub-Saharan Africa.
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.
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.
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.
