10 May
News > Private Equity > Deals
African Infrastructure Investment Managers (AIIM) has completed a follow-on acquisition in MetroFibre Networx (MetroFibre), following approval from the Independent Communications Authority of South Africa.
9 May
News > Private Equity > PE Industry News
Currency risk can be a major challenge when investing in Africa, according to the ‘Currency Risk Management Practices in African Private Equity and Venture Capital’ Report, the second AVCA’s special report series alongside The Currency Exchange Fund (TCX) and MFX Solutions.
7 May
News > Private Equity > Exits
Old Mutual Private Equity (OMPE), a division of Old Mutual Alternative Investments, has sold its stake in Consol Holdings to Luxembourg-based Ardagh Group, one of the largest glass producers in the world, for an equity value of approximately R10bn (enterprise value of approximately R17bn),
7 May
News > Private Equity > PE Industry News
Inspired Evolution and Schneider Electric have agreed to collaborate on various energy-related solutions for the African region.
6 May
News > Private Equity > Deals
EXEO Capital has acquired a majority stake in a chemical synthesis company, Chemical Process Technologies (CPT).
5 May
News > Private Equity > Fundraising
Cape Town-headquartered venture capital (VC) firm HAVAÍC has announced the third and final close of its second pan-African investment fund.
4 May
News > Private Equity > Deals
Kalon Venture Partners, Hlayisani Capital, Tritech Global and 4Decades Capital have invested R16.3m in a seed extension round in GoMetro, a logistics-tech platform.
4 May
News > Private Equity > Deals
Samurai Incubate and Consonance Investment have co-led a $1m pre-seed funding round in Norebase, a trade technology company building a single platform for businesses to start, scale and operate in any African country.
2 May
News > Private Equity > Exits
Apis Growth Fund I, a private equity fund managed by Apis Partners, has partially exited its position in off-grid solar energy company Sun King, formerly Greenlight Planet.
26 Apr
News > Private Equity > Deals
BluePeak Private Capital has agreed to invest up to $15m in Africure, a pan-African manufacturer and distributor of quality pharmaceutical goods.
26 Apr
News > Private Equity > Deals
The Women Entrepreneurs Finance Initiative (We-Fi) has announced a new round of funding under which the African Development Bank’s Africa Digital Financial Inclusion Facility (ADFI) will receive $15m to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria.
19 Apr
News > Private Equity > PE Industry News
The total value of private capital deals reported in Africa reached a record high of $7.4bn, according to AVCA’s 2021 Annual African Private Capital Activity Report.
14 Apr
News > Private Equity > Fundraising
XSML, a fund manager active in Central & East Africa, has reached the hard cap for its African Rivers Fund III (ARF III) at $85m.
13 Apr
News > Private Equity > Deals
One Thousand & One Voices (1K1V), in partnership with diversified FinTech investment holding company Crossfin Technology Holdings (Crossfin) and investor Isaac Mophatlane, have announced the completion of the Sybrin Group of Companies (Sybrin) transaction.