15 Dec
News > Private Equity > Fundraising
Aruwa Capital Management, a Lagos based female founded and led early-stage growth equity and gender lens investment fund, has closed its first institutional fund, which was oversubscribed, surpassing a target of $20m.
9 Dec
News > Private Equity > Deals
The Futuregrowth Community Property Fund (Comprop) has acquired KG Mall, which brings the Comprop portfolio to 23 shopping centres, with a total gross lettable area of more than 392 000 meters squared valued in excess of R6.6bn.
7 Dec
News > Private Equity > Deals
Nclude has led a a $3m seed round in OneOrder, the MENA-based fintech-enabled restaurant management platform providing food supplies to hotels, restaurants and cafes.
7 Dec
News > Private Equity > Deals
ADP III, a fund advised by Development Partners International (DPI), and funds advised by Fireball Capital, have co-led an investment in Ukheshe International, a fintech enablement partner with an expanding footprint in key emerging markets globally.
28 Nov
News > Private Equity > Exits
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, has announced that AMMC, the Moroccan Capital Market Authority, has approved Akdital’s IPO in December 2022.
28 Nov
News > Private Equity > Deals
Admaius Capital Partners via a subsidiary of the Virunga Africa Fund 1, it has made a significant investment in Power Brands, the parent company of Céréalis, Tunisia’s producer of salted snacks and a significant producer of baked goods.
24 Nov
News > Private Equity > Deals
Enza Capital, Oikocredit and Partech Africa have co-led a $14m equity investment round in Djamo, a Y Combinator-backed fintech building the leading personal finance company in Francophone Africa.
24 Nov
News > Private Equity > Deals
AIIM, Africa’s largest dedicated infrastructure private equity manager, has committed to invest $34m into Kenya’s Road Annuity Programme through its pan-African AIIF4 Fund.
24 Nov
News > Private Equity > Fundraising
Goodwell Investments has launched uMunthu II, aiming to raise €150m to finance innovative, scalable, small and medium-sized businesses that improve the access and affordability of basic goods and services for un(der)served consumers in Africa.
24 Nov
News > Private Equity > Deals
The Facility for Energy Inclusion (FEI) has signed its first transaction in the commercial and industrial solar market, acting as lead arranger for a $33.4m multi-country facility for Solarise Africa’s subsidiaries in Africa.
24 Nov
News > Private Equity > Deals
Global technology investors Flexcap Ventures and revered founder/CEO of Infoscout, Jared Schreiber, have led a $32m series A round of equity & debt in Ramani, an African software company.
23 Nov
News > Private Equity > Deals
ROX Equity Partners, a UK based private equity company, has acquired SilverBridge, a South African financial services technology provider
18 Nov
News > Private Equity > Deals
Norsad Capital has provided Central Africa Building Society (CABS) Zimbabwe, a member of the Old Mutual Group, a $10m medium-term credit facility to support the bank’s growth strategy.
18 Nov
News > Private Equity > Deals
adumo, an independent payments processor operating across Sub-Saharan Africa, has successfully raised R190 million to increase its shareholding and control in some of its recent acquisitions.