Metier and Spanish project developer AMDA Energia have sold their interests in AE AMD to Old Mutual’s African Infrastructure Investment Managers (AIIM), through its IDEAS fund, and Katiso Renewable Energy.
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North African and Sub-Saharan countries, has announced the first closing of its third capital growth fund, Mediterrania Capital III LP, at €103m.
The Emerging Africa Infrastructure Fund (EAIF) has announced the financing for a large-scale water treatment facility in Rwanda.
Phatisa Food Fund 2 (PFF2) has received $10m from the African Development Bank Group to boost agriculture and nutrition across Africa.
Investec Asset Management Private Equity has divested its equity holding in Ashwah Holdings, parent company of Daraju Industries, by selling its significant minority stake back to the company.
XSML, the fund manager active in Central & East Africa, has announced its fifth investment in Uganda in Ecopharm Ltd.
Optimum Petroleum Development Ltd, a Nigerian based exploration, development and production company, has signed a financing term sheet of $850m with Milost Global.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided $12.5m of funding to Purple Capital, a prominent Nigerian real estate company and financial service provider.
Kalon Venture Partners has invested in a payment service provider, i-Pay, following its recent investments in SnapnSave and The SunExchange.
Milost Global, a New York based private equity firm, has announced plans to invest $450m in Kings Pride Properties, a Nairobi based real estate development and investment company.
Kibo Capital Partners has acquired an undisclosed stake in Tropigalia, a Mozambican food and non-food FMCG items distributor.
10X Investments, a South African tech-enabled asset manager, has raised $6.14m in new funding from DiGAME Investment Company and existing shareholder Old Mutual Private Equity.
South African private equity performance relative to listed markets remains positive, according to the latest Q2 2017 RisCura-SAVCA South African Private Equity Performance Report.
Convergence Partners has recently acquired a significant minority stake in ESET Southern Africa, a local distributor and brand operator for leading global internet and endpoint security software vendor ESET.
