2 Dec
News > Private Equity > Deals
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.”
1 Dec
News > Private Equity > Exits
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).
28 Nov
News > Private Equity > PE Industry News
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.
27 Nov
News > Private Equity > Deals
DOB Equity, a Dutch investor, has completed an equity investment in Joseph Initiative, an Ugandan agricultural trading company.
26 Nov
News > Private Equity > Exits
Ethos Private Equity is set to exit its investment, the Tiger Automotive Group (TiAuto), subject to the fulfillment of certain conditions, including competition approval.
24 Nov
News > Private Equity > Deals
The Carlyle Group, a global alternative asset manager, has invested $147m in Diamond Bank, a commercial bank headquartered in Lagos, Nigeria, with operations across West Africa and the UK.
21 Nov
News > Private Equity > PE Industry News
Capital Trust Group has received the Malta Financial Services Authority (MFSA) approval for its EuroMena III fund to be regulated under the de-minimis AIFMD (Alternative Investment Fund Managers Directive), making it one of the first funds in the region to be regulated by a European governing body.
21 Nov
News > Private Equity > Deals
Ethos Private Equity has entered into an agreement to acquire Nampak’s Tissue, Corrugated and Sacks divisions for a total purchase price of around $14m (R1.575bn).
20 Nov
News > Private Equity > Exits
ADC African Development Corporation AG has sold its 38.74% stake in Resolution Health East Africa to Peter Nduati, CEO and founder of RHEAL, backed by LeapFrog Investments.
5 Nov
News > Private Equity > Deals
Actis has announced a $65m investment in Tekkie Town, South Africa’s leading independent sports and lifestyle shoe retailer.
4 Nov
News > Private Equity > Deals
Vantage Mezzanine, Africa’s leading mezzanine debt provider, has concluded a transaction with Surfline Communications to provide $30m (R330m) of expansion capital to the company together with a fund co-investor. The funds will be used for the on-going expansion of Surfline’s 4G LTE network in Ghana as well as to grow its product distribution and marketing network.
3 Nov
News > Private Equity > PE Industry News
Private equity investors are ideal partners to help fund the infrastructure gap in Africa, according to the Southern African Venture Capital and Private Equity Association (SAVCA).
3 Nov
News > Private Equity > Deals
African Capital Alliance (ACA) has invested in Filmhouse Cinemas, the fastest growing cinema chain in Nigeria and Film One, its associated film production and distribution company.
3 Nov
News > Private Equity > Fundraising
Warburg Pincus has announced the closing of Warburg Pincus Energy at $4bn, surpassing its fundraising target of $3bn and reaching the fund cap agreed with investors.
