Alitheia IDF, the first dedicated gender focused investing Private Equity Fund in Africa, has invested $5m in a South African woman-owned textile company, IVILI Group.
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 invested €57m in Moroccan financial services provider CASH PLUS together with FMO, the Dutch entrepreneurial development bank, and IFC, a member of the World Bank Group.
Harith General Partners, a Pan-African investor and developer of infrastructure projects across the continent, has agreed to acquire a significant stake (46%) in Mergence Investment Managers, an institutional fund manager with a strong 19-year track record and capability across both Private and Public markets within SADC.
Adenia Partners, a private markets investment firm committed to responsible investing and a sustainable Africa, has completed a majority investment in Enfin, a solar financing solutions provider serving commercial and industrial clients across South Africa.
Sanari Capital, a women-led and majority Black- and women-owned South African private equity firm, has raised R1.25bn (approximately $65m) at the second close for its Sanari 3S Growth Fund, as the firm edges closer to its goal of reaching a final close equivalent of up to $100m.
Secha Capital has announced a first close of its second fund, with R300m in investments from blue-chip investors RMB - Rand Merchant Bank Ventures, 27four Investment Managers, SA SME Fund and Caleo Capital.
Metier has announced the first close for Metier Capital Growth Fund III, raising just over $182m, with further commitments expected by final close positioning Metier to exceed its targeted fund size of $200m.
The Vumela Enterprise Development Fund has invested R18m in Rentoza, South Africa’s first pure play subscription model for digital goods and appliances.
Kasada, an independent real estate private equity platform dedicated to the hospitality industry in Africa, has acquired the former Radisson Blu Hotel & Residence, the 214-room hotel in the center of Cape Town from a local real estate investment company.
Abidjan-based private equity firm Joliba Capital has announced the first close of its Joliba Fund I, raising €55m from commercial and development investors including IFC, Proparco, FMO and the French private equity firm LBO France.
The Pan-African Fund Managers’ Association (PAFMA), a new trade association, was launched in Nairobi, Kenya on September 4 during the Africa Climate Summit 2023.
Tana Africa Capital has exited its investment in IEG, a network of schools with more than 4,500 students across three schools in Morocco and one school in the Netherlands, to Globeducate, one of the world’s leading K12 education groups.
Camco has announced commitments of nearly $25m in equity and debt funding for Spark Energy Services (Spark), its innovative financing platform supporting energy efficiency and captive solar initiatives in Sub-Saharan Africa’s commercial and industrial (C&I) sector.
Rand Merchant Bank (RMB) has acted as the sole arranger and lender to the GZ Industries Limited group (GZI) on a $47m and NGN5bn funding package, offering a tailored solution that positions the company favourably for growth and expansion in the future. GZI is a manufacturer and producer of premium-quality aluminium cans for several leading global blue chip beverage brands in Africa and the largest pure play beverage packaging solutions provider in Africa.
