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.
Actis has announced a $65m investment in Tekkie Town, South Africa’s leading independent sports and lifestyle shoe retailer.
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.
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.
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.
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).
Fusion Capital has invested in the Kes. 2bn ($22.3m) Meru Greenwood Park in Kenya, an integrated development in the heart of Meru County.
Vantage Capital, Africa’s leading mezzanine funder, has provided R77m ($7.06m) of funding for the acquisition of preferred equity facilities in a Pembani-owned SPV that holds 30% of the ordinary equity and PIK notes in AfriSam.
TriLinc Global Impact Fund has recently approved $2.8m in two trade finance facilities to companies in South Africa.
Kusuntu Partners has launched a service for linking up the Africa focused private equity funds and investors to Africa small and growing businesses that are looking for growth and expansion capital.
The value of global private equity deals targeting Africa has more than doubled (137%) in the first half of 2014 compared to the same period last year, according to research by global law firm Freshfields Bruckhaus Deringer.
Private equity and the growth of pension funds provide a massive opportunity to finance investment in Africa, industry experts have said.
The AfricInvest Group has first closed its multi-sector private equity fund AfricInvest Fund III with a size exceeding €154m ($194.83m) in capital commitments.
Gulf Capital, an alternative asset manager in the Middle East, has invested $25m in Amak Group, a provider of integrated petroleum services for the onshore and offshore sectors in Egypt.
