Adenia Partners, a private markets investment firm committed to responsible investing and a sustainable Africa, has announced the first close of Adenia Capital V with $300m commitments from investors.
Phatisa has acquired a significant minority stake in MHL International Holdings (MHL), a printing and packaging group in sub-Saharan Africa.
In 2022, total funding invested into tech startups in Africa reached $6.5bn, an increase of 8% vs 2021, spread across 764 deals - compared to 724 rounds in 2021, according to Partech Africa.
Sanlam Private Equity (SPE), has acquired a controlling stake in SkipWaste, a provider of integrated waste management solutions to commercial, industrial and retail clients primarily in Gauteng. SPE, a division of Sanlam Investments, made the acquisition through its new private equity fund, SPE Mid-Market Fund I.
Aruwa Capital Management, an early-stage growth equity and gender lens fund investing in Nigeria and Ghana has made a follow-on investment in AgroEknor International, a fast-growing hibiscus flower exporter and wellness brand.
Vantage Capital has announced that in December 2022 it fully exited its investment in Pétro Ivoire, the most established locally-owned distributor of petroleum and gas products in Côte d’Ivoire.
Verod Capital Management via its Verod Capital Growth Fund II has fully exited from its investment in Daystar Power Group to Shell.
The Emerging Africa Infrastructure Fund (EAIF) has announced a €25m finance facility to Ivoire Hydro Energy (IHE), which will build a 44MW hydro electricity generation plant on the Bandama River near the village of Singrobo in Côte d’Ivoire.
Catalyst Fund has announced a $2m investment into 10 startups building solutions to improve the resilience of climate-vulnerable communities in Africa.
Mediterrania Capital Partners has sold part of its stake at Akdital through an IPO at the Casablanca Stock Exchange.
Ventures Platform has announced the final close of its early-stage and intercontinental fund, at $46m, surpassing its initial $40m target.
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.
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.
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.
