InfraCo Africa has agreed to sell its 25% stake in Golomoti JCM Solar Corporation to Old Mutual Infrastructure Investment Trust Fund (Malawi), which sits within Old Mutual Investment Group’s Alternative Investments capability.
Apis Growth Fund I, a private equity fund managed by UK-based asset manager Apis Partners Group (UK), has signed binding agreements to sell its full stake in Baobab, an African financial services provider specialising in supporting small and medium-sized enterprises (SMEs).
Amethis has announced its exit from the capital of Merec Industries to Invictus’ Investment.
The Saham Group and Tana Africa Capital have exited its 100% stake in Flipper International School in Addis Ababa, Ethiopia to the ADvTECH Group (ADvTECH).
Phatisa, through Phatisa Food Fund 2, Masimong through Masimong Chemicals and Sabvest through Sabvest Finance and Guarantee Corporation have agreed to sell their collective 100% interest in Rolfes Holdings, a South African based food ingredients and diversified chemicals provider to Solevo. a pan-African speciality chemicals distributor.
The EuroMena Funds has exited two portfolio companies: a pharmaceutical firm in Algeria and a retail holding in Morocco.
Adenia, a private equity firm focused on growth opportunities in Africa, has finalized the sale of its 100% equity stake in OMOA Group (OMOA) to SPE Capital, a private equity firm focused on the Middle East and Africa.
Kasada, an independent real estate private equity platform dedicated to delivering attractive sustainable value across the hospitality sector in Africa, has sold the Ibis Douala located in Bonanjo, a key business district of the city of Douala, in Cameroon to Christina Hotel, part of the Bocom Group.
Development Partners International (DPI) has sold 100% of International Facilities Services (IFS) to a consortium comprising of ES-KO, a global provider of integrated facility support services, Phatisa, a Mauritius-based private equity firm, and IFS’s management.
British International Investment (BII), the UK’s development finance institution and impact investor, has sold its 10.1% stake in I&M Group, the Eastern African banking group, to AfricInvest, a Pan-African Asset Management platform.
Adenia Partners, a private equity firm focused on growth opportunities in Africa has successfully exited its entire stake in Cresta Paints to Uhuru Investment Partners, a middle-market private equity firm focused on investing in West Africa.
Apis Growth Fund I, a private equity fund managed by Apis Partners, has fully exited its position in South African merchant acquirer Adumo to Lesaka Technologies.
Mediterrania Capital Partners (MCP), a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, has completed its exit from TGCC, a leading construction and civil engineering company based in Morocco.
Development Partners International (DPI), British International Investment (BII), the UK government’s Development Finance Institution, and the European Bank for Reconstruction and Development (EBRD), have sold 100% of the shares in KELIX bio, an emerging markets biopharmaceuticals platform, to Mubadala Investment Company (Mubadala), the Abu Dhabi investor with over $276bn in assets under management.
