Adenia Partners, a private equity fund manager focused on control investments in Sub-Saharan Africa, has exited its investment in Socolait, a dairy producer and distributor in Madagascar.
Kasada Capital Management, a Sub-Saharan hospitality investment platform, has reached a first close on its maiden fund Kasada Hospitality Fund LP with equity commitments of over $500m.
The German Investment and Asset Management company KGAL New Frontiers (KNF) has acquired a 22% share of SunErgy AS, a Norwegian company delivering innovative solar power infrastructure in emerging markets, through a private placement.
African Rainbow Capital (ARC) has acquired a majority shareholding in QED, the largest independent actuarial advisory business in Africa, for an undisclosed amount.
CDG Capital Private Equity, a growth equity investor in Morocco, has acquired a minority interest in Group Oncorad, a private healthcare provider focused on oncology and radiology.
Phatisa, an African development and private equity fund manager, has reached an agreement with Ma’aden on the sale of its controlling shareholding in Meridian Group (Meridian).
Acumen, a non-profit organisation that invests philanthropic capital in companies and leaders tackling poverty, has announced an approximately $70m close of the for-profit fund, KawiSafi Ventures.
Vantage Capital, Africa’s largest mezzanine debt fund manager, has fully exited its investment in Thebe Timrite, a black-controlled supplier of mining support products and services in South Africa.
BlueOrchard Finance has become among the first signatories to the Operating Principles for Impact Management, a market standard for impact investing initiated by the International Finance Corporation (IFC), a member of the World Bank Group.
PAPE Fund Managers has raised a further R150m from the 27four Black Business Growth Fund (27four BBGF) for its first institutional backed private equity fund – PAPE Fund 3, taking its total committed capital to R680m.
Britam Financial Holdings has approved an anchor investment in Tiserin Capital, Africa’s first south-south private equity fund that seeks to transform local industries by weaving partnerships between African companies and leading companies from Emerging Asia and Latin America.
AfricInvest and Cathay Innovation have launched the Cathay Africinvest Innovation Fund, the first Pan-African venture fund to connect the whole African continent and the world's leading innovation ecosystems. The Cathay Africinvest Innovation Fund, with a projected size of €150m, will contribute to the development and scaling up of innovative companies that demonstrate strong growth in Africa while being open to international markets.
Helios Investment Partners has acquired a 25% residual interest in Axxela Ltd (held through Glover Gas & Power B.V.) from Oando, Nigeria’s indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges.
Meridiam, a global infrastructure fund manager, has announced the closing of the reopening for Meridiam Infrastructure Africa Fund (MIAF) with €546m (approximately $615m) in capital commitments, above its initial target of €510m.
