Tana Africa Capital has exited its investment in IEG, a network of schools with more than 4,500 students across three schools in Morocco and one school in the Netherlands, to Globeducate, one of the world’s leading K12 education groups.
AfricInvest has exited from Promamec, a Moroccan producer and distributer of medical devices for the public and private sectors.
Carlyle has agreed to sell its majority stake in Tessara, a provider of post-harvest solutions in South Africa, to AgroFresh Solutions.
Vantage Capital has fully exited its investment in Cap Tamarin, a smart city development located in the town of Tamarin on the west coast of Mauritius, managed by Trimetys Group.
Apis Growth Fund I, a private equity fund managed by Apis Partners, has exited Efficient Group to the Apex Group, a global financial services provider.
Vantage Capital has announced that in December 2022 it fully exited its investment in Pétro Ivoire, the most established locally-owned distributor of petroleum and gas products in Côte d’Ivoire.
Verod Capital Management via its Verod Capital Growth Fund II has fully exited from its investment in Daystar Power Group to Shell.
Mediterrania Capital Partners has sold part of its stake at Akdital through an IPO at the Casablanca Stock Exchange.
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 announced that AMMC, the Moroccan Capital Market Authority, has approved Akdital’s IPO in December 2022.
Actis, through its holding company Actis Golf Nigeria (AGN), has received regulatory approval to exit its investment in Sigma Pensions, a Nigerian Pension Fund Administrator (PFA) to First Ally Asset Management, a Lagos-headquartered asset manager and First Guarantee Pensions (FGP), a subsidiary of Access Holdings.
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 exited Groupe Scolaire René Descartes (GSRD), a private educational group headquartered in Tunis and specialising in providing international accredited and homologated teaching programmesfrom pre-primary school to high school.
Development Partners International (DPI) has sold ADP II’s 33.4% stake in Egyptian retailer B.TECH to the Saudi Egyptian Investment Company (SEIC), a wholly-owned subsidiary of the Saudi Public Investment Fund (PIF).
OVH Energy BV, a joint venture between Vitol and Helios, has completed the sale of its 100% share in OVH Energy Marketing Limited and ASPM Limited to Nueoil Energy Limited, a local Nigerian company. OVH Energy Marketing Limited and ASPM Limited are now wholly owned by Nueoil Energy Limited, marking OVH Energy BV’s exit from Nigeria.
Apis Growth Fund I, a private equity fund managed by Apis Partners, has agreed to sell the whole of its interest in South African SME Financing company Retail Capital to TymeBank.
