Vantage Capital, Africa’s largest mezzanine debt fund manager, has fully exited its investment in New GX Capital, generating returns for Vantage’s Fund III investors of more than 35%.
The Off-Grid Energy Access Fund (OGEF) has announced its first close with committed capital of $58m from the African Development Bank (AfDB), the Nordic Development Fund, the Global Environment Facility, Calvert Impact Capital and All On.
African Infrastructure Investment Managers (AIIM) has acquired through its IDEAS Managed Fund stakes in nine new solar and wind power plants in South Africa.
In South Africa, long term private equity returns remained steady for the first quarter of 2018, according to the latest RisCura-SAVCA South African Private Equity Performance Report.
The Emerging Africa Infrastructure Fund (EAIF) has announced financial close of its 11-year $35m loan to Indorama Eleme Fertilizer & Chemicals (IEFCL).
Vantage GreenX Fund Managers has provided R2.05bn of funding to a combination of six solar and wind energy projects with a combined capacity of 433MW.
Globeleq, and independent power producer in Africa, has agreed to acquire a majority stake in renewable energy projects in South Africa from global alternative asset manager Brookfield Asset Management.
SOKOTRA Capital led consortium has completed the acquisition of 100% of Aquaculture Tunisienne (AT), one of the oldest and most established companies in the aquaculture sector in North Africa and the Mediterranean basin.
PAPE Fund 3 has acquired a 48.3% equity interest in Laser Group, one of South Africa’s largest independently owned logistics companies.
The Carlyle Group has acquired a majority stake in Tessara, a South African manufacturer of preservation technologies for use in the marketing and export of fresh produce.
Duet Private Equity, a principal investor in emerging- and frontier markets, has acquired a majority stake in AJEAST Nigeria, the Sub-Saharan Africa subsidiary of AJE Group, one of the largest global multinational beverage companies.
Mergence Investment Managers, an independent specialist boutique asset management company based in South Africa, has said it sees 26% annual compound growth in unlisted investments and will leverage off commodities trading subsidiary.
Amethis Fund II, alongside Kibo Fund II and Proparco have acquired a minority equity stake in Merec Industries, a fully integrated miller and packaged food manufacturer in Mozambique.
The Rise Fund, a global investment fund managed by TPG Growth, has acquired a 34% stake in Wilderness Holdings, an ecotourism group with operations in seven African countries.
