NBK Capital Partners has held a first close for NBK Capital Partners Mezzanine Fund II at $110m, driven by strong demand from institutional investors and family offices.
Helios Investment Partners has announced the acquisition of a 60% shareholding in Telkom Kenya by Jamhuri Holdings Limited (JHL), a company owned 100% by HeIios Investors III, a fund advised by Helios Investment Partners.
Hotel markets in Cairo and Cape Town have experienced strong performances over the past five years, according to figures from data and analytics specialist STR. Despite political turmoil, Cairo is starting to recover and the compound of annual growth rate (CAGR) for revenue per available room (RevPAR) was up 14.9% for the 2011 to 2015 time period.
South African venture capital firm 4Di Capital has announced the first closing of R256m ($16.96m) in initial commitments for a new technology venture capital fund.
Algebra Ventures, a Egyptian venture capital firm, has raised $40m of its $50m target for the Algebra Capital, a tech-focused venture capital fund.
Mergence Investment Managers, an independent majority black-owned boutique asset management company, has made its first investment into the South African social housing sector.
Mediterrania Capital Partners has announced the acquisition through its second fund, Mediterrania Capital II, of a stake in MedTech Group, Morocco’s IT business system integrator incorporating solutions from corporations such as Oracle, Microsoft, NCR, Alcatel-Lucent, Cisco, EMC and IBM.
Convergence Partners, an investment management firm focused on the telecommunications, media and technology sector in Africa, has invested $1m in a South African technology start-up, Snapt.
Actis has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (ARE3) with commitments totalling more than $500m, exceeding its original $400m target.
Kipeto Energy has signed a 20-year Purchase Power Agreement (PPA) with Kenya Power (KPLC), representing a significant milestone for the development of the 100-megawatt (MW) wind power project in Kenya.
MCB Equity Fund has successfully exited Speedy, an automotive fast-fit services in France to Bridgestone EMEA, a subsidiary of the Tokyo-based Bridgestone Corporation.
Belelani Capital, a Broad Based Black Economic Empowerment (BEE) company, has acquired a 24% shareholding in Pareto (Pareto Limited and Business Venture Investments No. 1360) from the Government Employees Pension Fund (GEPF).
BUSINESS/PARTNERS, a risk financier for SMEs in South Africa and selected African countries, seeks to invest in excess of R1.2bn in SMEs during the 2016/2017 financial year.
Tembo Capital, a mining-focused private equity fund group, has agreed to invest $6.6m in Strandline Resources to ensure that the firm is fully funded to advance its portfolio of high value Tanzanian mineral sands projects over the next two years.
