Rockwood Fund I, a R4.5bn South African leveraged buyout fund managed by Rockwood Private Equity, and Thebe Investment Corporation have exited Safripol to KAP Industrial Holdings for an equity value of R4.1bn ($310m).
The Emerging Africa Infrastructure Fund (EAIF) has loaned $20m to Helios Towers Africa (HTA) to partly finance the purchase of approximately 950 telecommunications towers in the Democratic Republic of Congo (DRC).
Ethos Capital has successfully listed as an investment entity in the “Financials – Speciality Finance” sector of the main board of the securities exchange operated by the JSE.
Africa Special Opportunities Capital has launched ASOC Fund I, a special opportunities private equity fund focused on providing funding and turnaround services to South African companies in various states of distress.
The majority of African deals since 2013 have been for energy infrastructure (60%) as the emphasis on electricity generation and transmission in Africa intensifies, according to Preqin’s report.
FAFIN, an agribusiness‐focused private equity fund managed by Sahel Capital, has invested an undisclosed sum in Dayntee Farms, a commercial poultry farm located in Kwara State, in the North Central region of Nigeria.
Investisseurs & Partenaires, an impact investment group dedicated to African Small and Medium Enterprises, has announced three investments with its I&P Afrique Entrepreneurs (IPAE), which entered its last year of investment.
Grovest Tech (GroTech) has re-opened its fund to raise an additional R38m by way of an issue of 38,000 no par value ordinary shares at an issue price of R1,000 per ordinary share.
There is an anticipation that deal making in the oil & gas sector will grow in Africa, Claire Lawrie, EY Africa Energy Lead, has said.
South Africa’s current market conditions and the compelling value offering of infrastructure assets will further encourage pension funds to consider allocation to this asset class, according to Mark van Wyk, Head of Unlisted Investments at Mergence Investment Managers.
Development Partners International (DPI) has invested through its ADP II fund, EGP300m ($33.77m) in B.TECH, Egypt’s household appliances and consumer electronics retailer.
The Carlyle Group is working on a number of interesting opportunities for its African fund, according to Marlon Chigwende, Managing Director and Co-Head of the Carlyle Sub-Saharan Africa Fund.
Silvertree Internet Holdings, an operating and holding company for early and mid-stage tech businesses targeting African consumers, has invested in South African online pet food and accessory store Pet Heaven.
Ethos Capital is looking to raise up to R2bn ($139.17m) through a private placement on the main board of the Johannesburg Stock Exchange (JSE) in August.
