The Abraaj Group, a private equity investor operating in global growth markets, has exited through one of its Funds, an investment in ECCO Outsourcing, a business process outsourcing (BPO) and contact center outsourcing (CCO) company in Egypt.
Qalaa Holdings is considering an exit of remaining Egyptian food businesses to accelerate group deleveraging and de-risking.
AfricInvest, The Abraaj Group and Swedfund, will sell their 37.3% collective stake in UAP Holdings to Old Mutual Holdings, a wholly-owned subsidiary of Old Mutual, for KES 14.2bn ($155.5m).
The Abraaj Group has exited its investment in Moulin d’Or, a leading producer of baked goods in Tunisia, through one of its Funds.
Qalaa Holdings (formerly Citadel Capital) is planing to sell two metallurgy companies to United Foundries Company SAE for around EGP260m ($36.33m) at the current rate of exchange.
DPI, an Africa-focused private equity firm, has announced its intention to sell Assur Africa Holding (AAH), which holds a 77% stake in Nigeria’s Mansard Insurance, to the AXA Group (AXA) for a total consideration of approximately €198m ($245.27m).
Ethos Private Equity is set to exit its investment, the Tiger Automotive Group (TiAuto), subject to the fulfillment of certain conditions, including competition approval.
ADC African Development Corporation AG has sold its 38.74% stake in Resolution Health East Africa to Peter Nduati, CEO and founder of RHEAL, backed by LeapFrog Investments.
LeapFrog Investments has sold its minority stake in Apollo Investments to Swiss Re.
