Nedbank Capital, the investment banking business of the Nedbank Group, has concluded a private equity transaction for a 32,9% stake in the GloCell Group.
The Ascent Rift Valley Fund (ARVF), managed by Ascent Capital Africa, has made its inaugural investment in Medpharm Holdings Africa, a leading medical diagnostic laboratory with operations in Ethiopia and expansion ambitions in the Greater East Africa region.
One Thousand & One Voices (1K1V), a private family capital fund focused on Sub-Saharan Africa, has made its first investment in the South African agribusiness sector via its $300m One Thousand & One Voices Africa Fund I.
The African Agriculture Fund (AAF), managed by Phatisa, has invested in General Plastics, a manufacturer of packaging products servicing food, beverage and agro-chemical sectors in Kenya and the broader East Africa region.
Ethos Private Equity has invested an undisclosed amount into AutoZone, the largest and fast growing, privately-owned automotive parts aftermarket retailer and wholesaler in Southern Africa.
Advanced Finance and Investment Group (AFIG Funds), manager of the Atlantic Coast Regional Fund, will invest up to $14m in Nigerian-German Chemicals (NGC), a Nigerian producer and distributor of pharmaceutical products and bottled beverages.
Amethis Finance has acquired one third of Ramco Plexus in order to foster the Group expansion in Kenya and across the region.
Actis, a pan-emerging markets private equity firm, has acquired a 21% stake in Integrated Diagnostics Holdings (IDH), the largest private sector healthcare diagnostics service provider in Egypt, from The Abraaj Group.
Vantage Capital, Africa’s leading mezzanine debt provider, has provided $10m of funding to Simba Properties Investment Company, the property investment arm of Simba Group in Uganda.
Amethis Finance and Retail Holding (the parent company of Label’Vie Group) have jointly invested in CDCI, a food distribution company in Côte d’Ivoire.
Actis has announced a significant investment in Université Centrale Group (Université Centrale), a leading provider of private tertiary education in Tunisia.
Permira, an international private equity firm, has acquired Teraco Data Environments, the largest provider of carrier neutral datacentre services in Sub-Saharan Africa.
ADP II, a pan-African private equity fund advised by DPI, has acquired a strategic minority stake in HomeChoice International, an omni-channel home shopping retailer in southern Africa, from the majority shareholder in HomeChoice. Eduardo Gutierrez Garcia, Partner at DPI, said: “HomeChoice is a top quality business with a unique and flexible operating model coupled with an experienced and impressive management team.”
DOB Equity, a Dutch investor, has completed an equity investment in Joseph Initiative, an Ugandan agricultural trading company.
