Frontier Energy II, an investment fund focused on developing, constructing and operating renewable energy projects in Sub-Saharan Africa, has achieved its first closing at $116m.
XSML, a private equity fund manager active in Central & East Africa, has announced the final close of its African Rivers Fund at $50m.
DOB Equity, a Dutch family office, will invest up to $4m in Africa Logistics Properties Holding (ALP), a developer and manager of modern grade-A warehousing in Kenya.
Moringa, an impact investment fund specialising in agroforestry projects in sub-Saharan Africa and Latin America, has finalised its second investment in Africa.
Mergence, a R32bn black-owned financial services group, has acquired a majority stake in Riparian, the largest independent trade commodity finance firm in South Africa, now rebranded as Mergence Commodity Finance.
Vumela, a fund managed by FNB and Edge Growth, has recently acquired stakes in Nova Pioneer, an independent school network, and in Mobenzi, a mobile first technology company in South Africa.
Catalyst Principal Partners, an Eastern Africa focused private equity firm, has acquired through a newly established firm, Britania Foods, the business and operations of Jambo Biscuits, a biscuits manufacturer in Kenya.
Helios Investment Partners has partnered with GBfoods, a multinational food company headquartered in Barcelona, to create one of Africa’s largest fast moving consumer goods (FMCG) businesses.
South Africa remains the continent’s leading foreign direct investment (FDI) destination, when measured by project numbers, which increased 6.9% year-on-year, according to EY’s Africa Attractiveness report.
The number of exits achieved by private equity firms in Africa is trending upwards, evidenced by a record number of exits in 2016.
Ethos Fund VI has acquired a majority shareholding in Little Green Beverages (LGB), a South African carbonated drinks business, in partnership with management and Nedbank Private Equity.
Village Capital, a global venture capital firm that discovers, develops, and invests in entrepreneurs solving real-world problems, has announced a $100k investment in two African financial inclusion-focused startups.
BHR Newwood, an affiliate of BHR Partners, a Chinese private equity firm, has acquired an indirect interest in TF Holdings from Lundin Mining Corporation for $1.136bn in cash.
Factor(e) Ventures, Put Your Money Where Your Meaning Is Community (PYMWYMIC), the Doen Foundation, Energy Access Ventures, and the Montpelier Foundation have backed Inspirafarms.
