Convergence Partners, Google, IFC and Mitsui & Co. have agreed to invest up to $100m in CSquared, a broadband infrastructure company focused on building wholesale metro fibre optic networks and enabling internet access in Africa.
The Sweden-listed investment firm Vostok New Ventures has invested $1.5m in CarZar.co.za, an online car buying service for the secondhand auto-trade industry in South Africa.
Synergy Private Equity Fund (SPEF) has acquired an undisclosed stake in Dimension Data Nigeria and Dimension Data Ghana via the acquisition of the Nigerian and Ghanaian subsidiaries of Dimension Data.
Accion Frontier Inclusion Fund, managed by Quona Capital, has invested an undisclosed amount in AllLife, a South Africa-based life insurance company.
DOB Equity, a Dutch family office, will invest up to $4m in Africa Logistics Properties Holding (ALP), a developer and manager of modern grade-A warehousing in Kenya.
Moringa, an impact investment fund specialising in agroforestry projects in sub-Saharan Africa and Latin America, has finalised its second investment in Africa.
Mergence, a R32bn black-owned financial services group, has acquired a majority stake in Riparian, the largest independent trade commodity finance firm in South Africa, now rebranded as Mergence Commodity Finance.
Vumela, a fund managed by FNB and Edge Growth, has recently acquired stakes in Nova Pioneer, an independent school network, and in Mobenzi, a mobile first technology company in South Africa.
Catalyst Principal Partners, an Eastern Africa focused private equity firm, has acquired through a newly established firm, Britania Foods, the business and operations of Jambo Biscuits, a biscuits manufacturer in Kenya.
Helios Investment Partners has partnered with GBfoods, a multinational food company headquartered in Barcelona, to create one of Africa’s largest fast moving consumer goods (FMCG) businesses.
Ethos Fund VI has acquired a majority shareholding in Little Green Beverages (LGB), a South African carbonated drinks business, in partnership with management and Nedbank Private Equity.
Village Capital, a global venture capital firm that discovers, develops, and invests in entrepreneurs solving real-world problems, has announced a $100k investment in two African financial inclusion-focused startups.
BHR Newwood, an affiliate of BHR Partners, a Chinese private equity firm, has acquired an indirect interest in TF Holdings from Lundin Mining Corporation for $1.136bn in cash.
Oasis Capital Ghana has invested an undisclosed amount in Everpure Holdings, a water bottling company operating in Ghana.
