The Carlyle Group has acquired a majority stake in Tessara, a South African manufacturer of preservation technologies for use in the marketing and export of fresh produce.
Duet Private Equity, a principal investor in emerging- and frontier markets, has acquired a majority stake in AJEAST Nigeria, the Sub-Saharan Africa subsidiary of AJE Group, one of the largest global multinational beverage companies.
Amethis Fund II, alongside Kibo Fund II and Proparco have acquired a minority equity stake in Merec Industries, a fully integrated miller and packaged food manufacturer in Mozambique.
The Rise Fund, a global investment fund managed by TPG Growth, has acquired a 34% stake in Wilderness Holdings, an ecotourism group with operations in seven African countries.
Futuregrowth Development Equity Fund has acquired an undisclosed equity stake in commercial and industrial technology group Symion.
Franklin Templeton Investments, a global investment management firm, has led a $3m Series A funding round in Bambu, a global provider of robo-advisory technology.
Alta Semper, a private equity manager investing flexible and strategic capital across select African frontier markets, has partnered with Oncologie & Diagnostic du Maroc (ODM), Morocco’s oncology, radiology and diagnostics platform.
XSML, a fund manager active in Central and East Africa, has made its seventh investment in Uganda with TMR International Hospital (TMR), a general hospital that specializes in maternity healthcare, emergency relief and ENT.
African Infrastructure Investment Managers (AIIM), Africa’s largest infrastructure-focused private equity fund manager, has acquired a 50% stake in Société d’Exploitation et de Gestion Aéroportuaires (SEGAP), a holding company with an established portfolio of airport investments across West and Central Africa.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided $10m of mezzanine funding to Cap Tamarin, a mixed-used, residentially-focused “Smart & Happy” Village in Mauritius.
Kuramo Capital, a Pan-African independent investment management group, has completed a Series A financing round in Green Africa Airways, a value airline headquartered in Lagos, Nigeria.
Colony Capital, a global investment management firm, has agreed to acquire the Abraaj Group’s Sub-Saharan Africa fund management business and the Group’s Limited Partnership interests in the underlying Funds. In addition, Colony will acquire Latin America, North Africa and Turkey Funds, along with staff in the eight offices being transferred under the terms of the deal.
Futuregrowth Asset Management has committed R250m of senior debt to the Gauteng Partnership Fund (GPF), which will be used to fund developments in the student housing market in Johannesburg.
EFG Hermes’s Private Equity Division’s K-12 education vehicle has entered into definite agreements with TMG to acquire a portfolio of schools in an EGP1bn investment.
