The Rocket Internet Capital Partners fund (RICP) has held its final closing at the hard cap of $1.0bn dedicated to early stage and growth equity investments in the global Internet sector.
The Carlyle Group has agreed to acquire a significant stake in Africa’s largest credit rating agency Global Credit Rating (GCR) from the management founders, and German development financial institution DEG.
While almost half of global endowments and foundations are planing to increase their private equity exposure in 2017, institutions in Southern Africa are still lagging behind their peers, Africa Global Funds has learned.
Capital Group Private Markets, an emerging markets private equity group and part of the Capital Group Companies, has joined Wendel as significant minority shareholder in Tsebo, a Pan-African facilities services company.
One of the most underutilised opportunities to drive economic growth in South Africa is through the investment of private equity, according to Paul Boynton, CEO of Old Mutual Alternative Investments.
CDG Capital Private Equity, a private investment fund based in Morocco, has sold its stake in regional outsourcing company Intelcia to Altice Group, a multinational group operating in telecommunications, content and media.
QG Africa Hotel, a Mauritius based investment fund managed by Quantum Global Investments Africa Management, has acquired a 100% stake in Mövenpick Ambassador Hotel Accra for a consideration of $100m from Kingdom Holding Company (KHC).
Moringa SICAR, a €84m investment vehicle for agroforestry projects with high environmental and social impacts, has invested an undisclosed amount in Tolaro Global, a cashew kernels processor and exporter in Benin.
The sale contract of the International School of Carthage (ISC) to the Tunisian-Moroccan consortium constituted by SPE Capital (former Swicorp) and Meninx (Tunisian Tamarziste Group) and the Moroccan group “Holding Générale d'Education” was signed Tuesday, at the headquarters of the Ministry of Finance.
Nigeria has the capability to become one of the most significant leaders in Africa’s financial technology innovation, according to Irrational Innovations, a venture capital fund focused on fintech in Africa.
AfricInvest III, a fund managed by AfricInvest Group has completed a €17.3m equity investment in Azalaï Hotels, the holding company of one of the main Pan-African hospitality groups in the ECOWAS region.
Nigerian fintech startup Paystack has raised $1.3m in seed funding from Tencent, Comcast Ventures, Singularity Investments and other international investors.
Actis has fully exited its remaining 14.3% stake in Uganda’s principal electricity distribution and supply business, Umeme via the Ugandan and Kenyan capital markets.
Alta Semper Capital, a consumer and healthcare focussed private equity investor, alongside CI Capital Partners, an Egypt-focused private equity investor, have partnered through the MEA Healthcare Partners platform with Macro Holding, a consumer healthcare company in Egypt.
