4 Jan
News > Private Equity > Exits
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.
26 Nov
News > Private Equity > Exits
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.
25 Nov
News > Private Equity > Exits
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.
17 Nov
News > Private Equity > Exits
Actis, RMB Westport and Paragon Holdings, have sold their stakes in Ikeja City Mall to South African real estate investment trust, Hyprop Investments, and Attacq, a JSE-listed real estate capital growth fund.
6 Nov
News > Private Equity > Exits
Qalaa Holdings has sold its stakes in cement subsidiaries ASEC Minya Cement and ASEC Ready Mix, representing 46.5% and 55%, respectively, to Misr Cement Qena for approximately EGP1bn ($124.6m).
2 Nov
News > Private Equity > Exits
Adenia Partners has exited its investment in Hôtel du Louvre, a flagship business hotel located in Antananarivo, Madagascar, to a group of local investors.
24 Sep
News > Private Equity > Exits
Ethos Private Equity has confirmed the intention to partially exit its stake in Waco, a South African industrial services company, through a listing on the Johannesburg Stock Exchange (JSE) later this year.
22 Sep
News > Private Equity > Exits
AfricInvest alongside FMO, Finnfund, Bank of Africa Group and Gras Savoye, have completed the sale of its 59.34% equity stake in Alios Finance to TLG Finance, a holding company controlled by Tunisie Leasing.
22 Sep
News > Private Equity > Exits
Emerging Capital Partners (ECP) along with its investment partners, have announced the sale of a 53.6% share of the Nigerian reinsurance company, Continental Reinsurance, to Saham Finances, the insurance arm of Saham Group.
15 Sep
News > Private Equity > Exits
AfricInvest, a pan-African SME-focused private equity firm, has announced that its AfricInvest Fund II, along with other shareholders, has successfully exited its investment from Brookhouse Schools to UK-based Educas.
14 Sep
News > Private Equity > Exits
Actis has exited its investment in a power generation platform Globeleq Africa to a company owned by Norfund, the Norwegian investment fund for developing countries and CDC Group, the UK government’s development finance institution.
4 Sep
News > Private Equity > Exits
The West African private equity fund manager Cauris Management has confirmed the sale of its stake in Eau Technologie Environnement (ETE) to the Moroccan company Les Eaux Minérales d’Oulmès (LEMO), delivering 3.4x returns on the fund’s initial investment.
27 Jul
News > Private Equity > Exits
The Carlyle Group, a global alternative asset manager with $193bn of assets under management, has announced plans to sell its current minority stake in Export Trading Group (ETG), an African agricultural commodities supply chain manager, to the company management team/founders.
16 Jul
News > Private Equity > Exits
Emerging Capital Partners (ECP) has exited la Nouvelle Societé Interafricaine d’Assurance Participations SA (NSIA) through the sale of its 26.3% equity stake to the National Bank of Canada (National Bank) and Amethis Africa Finance (Amethis Finance).
