The Private Equity team at Nedbank Corporate and Investment Banking (CIB) has become a 25% shareholder in Comsol Networks, alongside existing shareholders Convergence Partners and the management team of Comsol.
Development Partners International (DPI), a $1.1bn Africa-focused private equity firm, has committed around 36% of its second private equity fund, ADP II, according to Runa Alam, CEO and co-founder.
Phatisa has invested in Torre Equipment Africa (TEA), a pan-African equipment distributor with operations in Côte d’Ivoire, Ghana, Liberia, Sierra Leone, Cameroon and Botswana, among others.
PEG, an off-grid solar company in Ghana, has closed a $4.3m A-2 round, led by Energy Access Ventures, that also includes Blue Haven Initiative, as well as follow-on investment from existing investors, Investisseurs & Partenaires (I&P) and Engie Rassembleurs d’Energies.
Yellowwoods Capital Holdings has acquired a significant shareholding in DataProphet, a Cape Town-based machine learning startup.
Injaro Agricultural Capital Holdings (IACH), through its Ghanaian subsidiary Injaro Agricultural Venture Capital (IAVC), has invested in Gold Coast Fruits (GCF), a Ghanaian pineapple exporter based in Accra.
InfraMed, a €385m long-term investment vehicle dedicated to infrastructure, has agreed to acquire a 21% stake in ‘Broadband for Africa’, the venture set up by Eutelsat Communications to provide satellite broadband services on the African continent.
Accel Partners, an early and growth-stage venture capital firm, powering a global community of entrepreneurs, has led a $1.7m seed financing round for Instabug, Egypt-based provider of software bug reporting tools.
InVenfin, a venture capital arm of Remgro Group, has acquired a stake in De Villiers Artisan Chocolate (DV Chocolate), a South African bean-to-bar artisan chocolate maker.
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.
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.
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.
