Belelani Capital, a Broad Based Black Economic Empowerment (BEE) company, has acquired a 24% shareholding in Pareto (Pareto Limited and Business Venture Investments No. 1360) from the Government Employees Pension Fund (GEPF).
The Abraaj Group has successfully exited its investment in a Tunisian pharmaceutical company Unité de fabrication de médicaments (Unimed), through an IPO on the Tunis Stock Exchange.
Fusion Capital has successfully exited its residential development in Athi River, Machakos County, realizing 2x return for investors.
MENA Infrastructure, an infrastructure fund manager focused on the Middle East, North Africa and Turkey region, has sold its 30% stake in Egypt-based port terminal operator Alexandria International Container Terminal (AICT) to global port investor Hutchison Port Holdings.
Helios Investment Partners, Pembani Group, First City Monument Bank and other minority shareholders have agreed the sale of Helios Towers Nigeria (HTN), a tower company in Nigeria, to IHS Towers (IHS), the largest telecommunications infrastructure provider in Africa, Europe and the Middle East.
Actis, a growth markets investor, has confirmed an agreement to sell Emerging Markets Payments (EMP), Africa and the Middle East payments business, to Network International, a provider of payment solutions in the Middle East.
Qalaa Holdings’ Finance Unlimited subsidiary has announced plans to divest its 70% ownership stake in Tanmeyah Microenterprise Services, a private-sector provider of microfinance solutions in the Egyptian market, to EFG Hermes.
Helios Investment Partners has partially exited its stake in Equity Group Holdings, Kenya’s banking group, to the Norwegian Investment Fund for Developing Countries (Norfund) and NorFinance, a joint venture investment company between Norfund and Norwegian private investors.
Ethos, a South African private equity investor, has sold its entire stake in a niche technology company, CQS Investment Holdings (CQS) to JSE-listed Adapt IT, an information technology services and specialised solutions provider, for R216.81m.
Mediterrania Capital Partners, a private equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, has fully exited its investment in CEPRO (Cellulose Processing), a manufacturer and distributor of baby diapers and feminine sanitary pads in Algeria.
Vantage Capital, Africa’s predominant mezzanine fund manager with approximately R8bn ($478m) of assets under management, has fully exited its investment in TrenStar, one of Southern Africa’s leading returnable packaging companies.
Abraaj and Proparco have exited 83% of their combined stake in Tunisian pharmaceutical company Unité de fabrication de medicaments to a consortium of investors including Washington-based SQM, Blakeney Asset Management, the Tunisian-Kuwaiti Consortium of Development (CTKD), and two local investors.
Warburg Pincus and General Atlantic have agreed to acquire a 49% stake in Network International, a payment solutions provider in the Middle East and Africa, from The Abraaj Group.
The Abraaj Group has fully exited its shareholding in African insurer, Saham Finances, to Sanlam Group and the Saham Group, a diversified Moroccan-based conglomerate operating in the insurance, offshoring and real estate sectors in the Middle East and Africa, and the parent company of Saham Finances.
