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.
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).
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 conditions are ripe for private equity investment into Africa, according to Steve Costabile, Head of Private Funds Group at PineBridge Investments.
Permira, an international private equity firm, has acquired Teraco Data Environments, the largest provider of carrier neutral datacentre services in Sub-Saharan Africa.
Actis has announced a significant investment in Université Centrale Group (Université Centrale), a leading provider of private tertiary education in Tunisia.
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.
DOB Equity, a Dutch investor, has completed an equity investment in Joseph Initiative, an Ugandan agricultural trading company.
Ethos Private Equity is set to exit its investment, the Tiger Automotive Group (TiAuto), subject to the fulfillment of certain conditions, including competition approval.
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.
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).
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.
