STOA, DFC and Proparco have joined FMO and other existing investors in a $43m equity investment in mini-grid leader Husk Power Systems.
Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, and its fund manager, Ninety One, have committed a $31m debt facility to Paratus Group Holdings to finance the expansion of its fibre and data centre business over the next three years.
Inspired Evolution’s Evolution III Fund, in partnership with Dutch Development Bank FMO and STOA Infra and Energy, has successfully closed the 75% acquisition of the Red Rocket Group.
Exeo Capital’s Agri-Vie II Fund has invested $10m in Amos Dairies, a Ugandan dairy production firm.
Verod Capital and AfricInvest have acquired a majority stake in iSON Xperiences, an ICT solutions provider across Africa, the United Arab Emirates, and India.
The Fund for Export Development in Africa (FEDA), Afreximbank’s impact investment subsidiary, has invested in Cabinda Oil Refinery, an integrated modular oil refining platform in Angola being developed by Gemcorp in Joint Venture with Sonangol.
Alitheia IDF, the first dedicated gender focused investing Private Equity Fund in Africa, has invested $5m in a South African woman-owned textile company, IVILI Group.
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, has invested €57m in Moroccan financial services provider CASH PLUS together with FMO, the Dutch entrepreneurial development bank, and IFC, a member of the World Bank Group.
Harith General Partners, a Pan-African investor and developer of infrastructure projects across the continent, has agreed to acquire a significant stake (46%) in Mergence Investment Managers, an institutional fund manager with a strong 19-year track record and capability across both Private and Public markets within SADC.
Adenia Partners, a private markets investment firm committed to responsible investing and a sustainable Africa, has completed a majority investment in Enfin, a solar financing solutions provider serving commercial and industrial clients across South Africa.
The Vumela Enterprise Development Fund has invested R18m in Rentoza, South Africa’s first pure play subscription model for digital goods and appliances.
Kasada, an independent real estate private equity platform dedicated to the hospitality industry in Africa, has acquired the former Radisson Blu Hotel & Residence, the 214-room hotel in the center of Cape Town from a local real estate investment company.
Camco has announced commitments of nearly $25m in equity and debt funding for Spark Energy Services (Spark), its innovative financing platform supporting energy efficiency and captive solar initiatives in Sub-Saharan Africa’s commercial and industrial (C&I) sector.
Rand Merchant Bank (RMB) has acted as the sole arranger and lender to the GZ Industries Limited group (GZI) on a $47m and NGN5bn funding package, offering a tailored solution that positions the company favourably for growth and expansion in the future. GZI is a manufacturer and producer of premium-quality aluminium cans for several leading global blue chip beverage brands in Africa and the largest pure play beverage packaging solutions provider in Africa.
