As part of the IPO, responsAbility Investments and Helios Investment Partners, have completed partial exits of their stakes in Fawry, Egyptian provider of payment services to more than 20 million clients across all segments of the population.
PAPE Fund III has achieved final closing with total capital commitments of R950m from local and international institutional investors and private investment entities, as well as a capital investment commitment by the General Partner of the fund.
African Infrastructure Investment Managers (AIIM), and Nedbank Energy Finance have agreed to invest R400m in the renewable energy provider SOLA Group.
Following the successful delisting of Torre Industries from the JSE in April 2019, the business was successfully separated into Torre Analytical Services (TAS) acquired by Ethos Mid Market Fund I (EMMF) and Torre Industrial (TI) acquired by Apex Partners.
Verod Capital Management has announced an interim close of Verod Capital Growth Fund III at $150m, exceeding the size of its predecessor fund, Verod Capital Growth Fund II LP (Verod Fund II).
IFC and Quona Capital, with participation from existing investors Accion Venture Lab and Newid Capital, have invested $6.5m in Lulalend, South Africa’s first online automated provider of short-term funding for small and medium enterprises (SMEs).
Schroders, a global investment manager, has agreed to acquire a majority stake in Switzerland-headquartered microfinance and impact investor BlueOrchard.
Denham Capital, a global energy and resources private equity firm, has sold BioTherm Energy to Actis Capital, an emerging market investor, for an undisclosed sum.
responsAbility Investments AG, an impact asset manager, has closed a $175m securitization of loans to microfinance and SME-finance institutions in emerging markets.
Energy Access Ventures (EAV), an investor in smart infrastructure in Africa, and ElectriFI, a flexible financial facility funded by the EU, have co-invested in Solarise Africa, a pan-African clean energy and energy efficiency leasing company.
African Infrastructure Investment Managers (AIIM) has announced the final close of its pan-African infrastructure fund, AIIF3, which raised $320m from a diverse investor base across Africa, Europe and Asia.
Mediterrania Capital Partners has acquired through its third fund, MC III, an undisclosed stake in Aziza, a private Tunisian company operating in the food retail sector.
AHL Venture Partners, an impact investment firm in East Africa, has acted as lead investor in Crop Nutrition Laboratory Services (Cropnuts) in Kenya.
Meridiam and partners, ENGIE and FONSIS, have achieved final close for two solar photovoltaic projects, Kahone Solaire SA (35MW) and Kael Solaire SA (25MWp), located in the Diourbel region of Senegal.
