Actis fully exits Edita via IPO
Actis has sold its remaining 7.5% stake in Edita Food Industries (Edita) to 42 blue-chip international investors from the USA, UK, Germany, South Africa, and the UAE.
Actis has sold its remaining 7.5% stake in Edita Food Industries (Edita) to 42 blue-chip international investors from the USA, UK, Germany, South Africa, and the UAE.
AfricInvest and Mediterrania Capital Partners have sold their stakes in Grupo San Jose & Lopez (SJL), a logistics and international road freight transport company with operations in the Maghreb and Europe.
Centum has sold its 26.43% stake in KWA Holding East Africa (KWA), one of the foremost manufacturers and distributors of spirits and wines in Kenya, to Distell International Holdings, a subsidiary of Distell Group.
Injaro Investments, the manager of the agricultural impact fund IACHL, has sold its 30% stake in seed producer Nafaso to the founders and other shareholders.
ADP I Fund has successfully sold its 27.7% shareholding in CAL Bank in Ghana to Arise BV, a financial services investment company whose major shareholders are Norfund, Rabobank and FMO.
FlightScope, a developer of 3D Doppler ball-tracking radar for sports, has bought out its venture capital partner, HBD Venture Capital.
Inspired Evolution, a South African clean energy and resource efficiency specialised fund manager, has exited a number of its renewable energy investments held in its Evolution One Fund portfolio.
CDG Capital Private Equity, a private investment fund based in Morocco, has sold its stake in regional outsourcing company Intelcia to Altice Group, a multinational group operating in telecommunications, content and media.
Actis has fully exited its remaining 14.3% stake in Uganda’s principal electricity distribution and supply business, Umeme via the Ugandan and Kenyan capital markets.
Ajinomoto has acquired a 33.33% stake in Promasidor Holdings, a major processed foods manufacturer in Africa, for $532m from Tana Africa Capital and the company’s founding partners.
Hermes-Sojitz, an international direct investments fund, has sold its 60.3% stake in Sinopac, a company involved in exploration and mining of rare earth metals in Africa, for $340m.
Catalyst Principal Partners, East Africa focused private equity firm, has sold its controlling stake in Kenya’s pharmaceutical retailer Goodlife Pharmacy to LeapFrog Investments.
Cauris Management, a private equity fund manager in Francophone West Africa, has sold its shares in Atlantic Business International (ABI) and Bridge Bank Group Côte d'Ivoire.
Absa Bank, a wholly owned subsidiary of Barclays Africa Group, has announced that it will sell its 49% stake in RainFin to the company’s founders and management.