Vantage Capital, Africa’s largest mezzanine fund manager, has provided $10m of mezzanine funding to Cap Tamarin, a mixed-used, residentially-focused “Smart & Happy” Village in Mauritius.
Kuramo Capital, a Pan-African independent investment management group, has completed a Series A financing round in Green Africa Airways, a value airline headquartered in Lagos, Nigeria.
Colony Capital, a global investment management firm, has agreed to acquire the Abraaj Group’s Sub-Saharan Africa fund management business and the Group’s Limited Partnership interests in the underlying Funds. In addition, Colony will acquire Latin America, North Africa and Turkey Funds, along with staff in the eight offices being transferred under the terms of the deal.
Futuregrowth Asset Management has committed R250m of senior debt to the Gauteng Partnership Fund (GPF), which will be used to fund developments in the student housing market in Johannesburg.
EFG Hermes’s Private Equity Division’s K-12 education vehicle has entered into definite agreements with TMG to acquire a portfolio of schools in an EGP1bn investment.
LeapFrog Investments has invested an undisclosed sum in ARM Pension Managers, one of the largest pensions fund administrator (PFA) in Nigeria with about $1.8bn in funds under management.
The Board of Abraaj Holdings has filed an application in the Grand Court of the Cayman Islands for a court-supervised restructuring as it battles allegations of misused funds.
Criterion Africa Partners (CAP) has announced the first closing of the Africa Sustainable Forestry Fund II (ASFF II) with commitments of $81m toward its $150m target.
Àrgentil Capital Partners has acquired a 20% stake in Tempo Housing Nigeria, a Nigeria based developer of innovative housing solutions.
Ashburton Investments has successfully reached the first close of its inaugural mezzanine fund, raising R507.5m from four investors, according to Ashley Benatar, Head: Mezzanine Finance.
Old Mutual Private Equity (OMPE), one of the largest and most established private equity players in South Africa, has acquired a 50% interest in Medhold Group (Medhold), a prominent end-to-end supplier of world-class medical devices.
HAVAÍC, a South African investment and advisory firm, has lead the first external equity investment in AURA, and has advanced the first tranche of R6m.
The SA private equity has outperformed the FTSE/JSE All Share Total Return Index (ALSI TRI) and the FTSE/JSE Shareholder Weighted Total Return Index (SWIX TRI) over the 3-year and 5-year reporting periods analysed.
The Abraaj Group and The Public Investment Corporation have exited Libstar, a supplier of high-quality products in the consumer packaged goods industry, in $237m IPO on the Johannesburg Stock Exchange.
