Catalyst Principal Partners has completed a first close of its Catalyst Fund II at $103m, being in excess of the target fund size and over 80% of the final achieved hard-cap for its first fund, Catalyst Fund I.
Mediterrania Capital Partners, a regional private equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, has become a signatory of the United Nations Principles for Responsible Investment (UNPRI).
Assala Energy, a portfolio company owned by global alternative asset manager The Carlyle Group, has acquired Shell’s onshore assets in Gabon for $587m.
Pargo, South Africa’s high tech logistics and fulfillment company, has secured a new equity investment of over R15m in a funding round led by SAAD Investment Holdings.
Phatisa Group has announced successor fund to the firm’s $246m African Agriculture Fund (AAF) and the firm’s third fund under management.
Mara Delta, a real estate investment fund, has acquired a 44.42% stake in Beachcomber Hospitality Investments (BHI), a subsidiary of the New Mauritius Hotels Group (NMH).
South Africa’s venture capital ecosystem is evolving, with more fund managers entering the industry and growing investor interest in the asset class, according to Tanya van Lill, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA).
Kleoss Capital, a South African private equity firm, has bought an undisclosed stake in one of the largest debt counselling firms in South Africa, Debt Rescue.
The Accion Frontier Inclusion Fund, the world’s first global fintech fund for the underserved consumers and businesses in emerging markets, has reached final closing at $141m.
Sahel Capital and CardinalStone Capital Advisers (CCA), a Nigerian private equity fund manager, have agreed to invest in Crest Agro Products, an integrated cassava processor based in Kogi State, Nigeria.
CDC Group, the UK’s development finance institution, and IFC, a member of the World Bank Group, have announced a $35m investment in Africa Logistics Properties (ALP).
DEG, one of the largest European development financiers, has invested ZAR100m in Retailability, a Southern African retail chain, which targets customers in the low to middle income bracket.
TA Associates, a global growth private equity firm, has acquired a minority equity interest in Interswitch, an Africa-focused integrated digital payments and commerce company.
Actis, a growth markets investor, has reached final closing on its fourth energy fund Actis Energy 4 (AE4) with commitments hitting a hardcap at $2.75bn.
