Of the total $1.1bn private equity fund closures in 2016 H1, 46% were dedicated exclusively to real estate opportunities in Africa, according to the inaugural 2016 H1 AVCA report.
Catalyst Principal Partners, an East African focused private equity firm, has acquired a controlling stake in Zenufa Laboratories, one of the leading pharmaceutical manufacturers in Tanzania.
The Green for Growth Fund (GGF) has announced a $20m senior loan to ALEXBANK, the fund’s first deal in both Egypt and the region following its recently approved expansion into North Africa and the Middle East.
Accion Venture Lab, the early-stage investment vehicle of the financial inclusion firm Accion, with participation from Newid Capital and Hallmann Holding International Investment, have invested in South Africa-based online lending platform Lulalend.
The impact investing group Investisseurs & Partenaires (I&P) has partnered with the US Agency for International Development (USAID) to launch an innovative acceleration program in Niger, Burkina Faso and Senegal.
Investec Asset Management, through its African private equity capability, has acquired a significant shareholding in Mobisol, a leading and rapidly-growing provider of off-grid solar home systems (SHS) in Africa.
Swicorp Private Equity has completed its spin-out from Swicorp to become SPE Capital Partners (SPE Capital), an independent private equity firm focusing on the Middle East and Africa, excluding the GCC.
Capital Seven, a Botswana based private equity firm, has announced its plans to acquire a 75% stake in Trust Holdings, a financial services group in Zimbabwe.
Mara Delta (formerly Delta Africa) has acquired the Tamassa Resort in Mauritius for a purchase consideration of the euro equivalent of $40m on a cash free, debt free basis.
AfricInvest’s Maghreb Private Equity Fund II (MPEF II) has successfully concluded its exit from Général Emballage, a leader in the manufacturing and processing of corrugated cardboard based in Algeria, to a consortium of Development Partners International (DPI) and DEG.
Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund manager, has confirmed the sale of its stake in Sodigaz, to the sponsors and majority shareholders of the company.
I&P Développement 1 (IPDEV1), Investisseurs & Partenaires’ fund launched in 2002, has realized two new exits in Mauritania and in Senegal.
The Carlyle Group has agreed to acquire a majority share of Amrod, a fast-growing supplier of promotional products and clothing, serving distributors in South Africa and neighboring countries.
Fonds de Co-Localisation Franco-Tunisien (FCFT), the €20m cross-border midcap fund established in July 2016 to invest in growth transactions in France and Tunisia, has announced its first investments.
