Ethos Private Equity has acquired a 65% stake in The Eazi Group, Africa's market leader in the rental, sale and servicing of work-at-height and material handling solutions, in a deal valued at R1.6bn.
The West Africa Emerging Markets Growth Fund (WAEMGF), managed by PCM Capital Partners, has invested in First Atlantic Bank Ghana, a full-scale commercial bank with over 20 years’ experience in the Ghanaian banking industry.
Old Mutual Private Equity (OMPE), a division within Old Mutual Alternative Investments, has acquired a significant minority stake in In2food, a South African convenience food manufacturing business.
54 Capital, an Africa focused private equity firm, has invested $42m into Addis Pharmaceutical Factory (APF), Ethiopia’s leading pharmaceutical manufacturer.
The Abraaj Group has acquired through its second generation North Africa Fund (ANAF II), a stake in Société d’Articles Hygiéniques (SAH), a leading producer of disposable household and personal care products for babies, women and adults in Tunisia.
I&P; Afrique Entrepreneurs (IPAE), an impact fund dedicated to small and medium enterprises based in Sub-Saharan Africa, has acquired 48% of the capital in Tincy Boulangerie, a bakery based in Benin.
The Abraaj Group has acquired through its second generation North Africa Fund (ANAF II), a significant minority stake in Cellulose Processing (CEPRO), a leading manufacturer and distributor of baby diapers and feminine sanitary pads in Algeria.
Venture capital firm Nest has invested in Kenya’s Ongair, a web-based dashboard that enables businesses to engage with their customers on instant messaging platforms like WhatsApp, Messenger, Telegram and WeChat.
The Emerging Africa Infrastructure Fund (EAIF) is to lend $5m to help finance the rehabilitation, repair and development of three ‘brownfield’ palm oil plantations in the Democratic Republic of Congo.
Synergy Capital Managers has made an investment in Darl Pharmaceuticals, a fast growing pharmaceutical integrated value chain business in Ghana, via its Synergy Private Equity Fund (SPEF).
PCM Capital Partners, managers of the West Africa Emerging Markets Growth Fund (WAEMGF) has invested €4.1m in Ubipharm SA to part fund its African expansion.
M-KOPA Solar, the world’s leading pay-as-you-go energy provider to off-grid homes, has announced the closing of a $19m financing round led by London-based Generation Investment Management.
Duet Private Equity Group has acquired an Ivory Coast-based Societe Africaine des Produits Laitiers et Derives (SAPLED) from the Sifaoui Group through the creation of Duet Consumer Ivory Coast Holdings (DCICH).
AfricInvest Fund III has acquired a significant minority interest position (over 35%) in Salvador Caetano Auto Africa, the holding company of the Group dedicated to auto distribution and retail business in Africa.
