DPI’s African Development Partners III Fund (ADP III) has been chosen as the first 2X Flagship Fund, committed to investing with a gender lens.
PE Industry News
Mediterrania Capital Partners’ portfolio company Groupe Scolaire René Descartes (GSRD) has established a financial partnership with Banque Zitouna to support students’ families.
With the COVID-19 crisis hitting South Africa in March, the impact of the pandemic on the market and asset prices is evident in the first quarter performance for both public and private markets.
LionPride, a South African venture capital fund manager, has launched a joint venture (JV) with ETS PLATFORM to bring a preventative care telemedicine platform to Africa.
Vital Capital, an impact investment private equity fund focused on companies in Sub-Saharan Africa, has joined forces with the US Government’s Kenya Investment Mechanism (KIM), to provide financing to Kenyan businesses affected by COVID-19.
Fairfax Africa, an investment holding company traded on the Toronto Stock Exchange, has entered into a definitive agreement with Helios for the combination of their complementary businesses on one unified platform.
Carlyle Group is spinning out its Sub-Saharan African team to Alterra Capital, a new company formed by the managers of its $700m regional fund, Bloomberg reported.
Nigerian investment firm Àrgentil Capital Partners has provided support to a number of initiatives to help with the healthcare emergency created by the COVID-19 pandemic.
Emerging Africa Infrastructure Fund (EAIF) has been appointed joint mandated lead arranger (JMDA) of the $30m debt finance package being raised by Tembo Power to build the Kaptis hydro-electric power plant in Western Kenya.
The Southern African Venture Capital and Private Equity Association (SAVCA) has launched a small, medium and micro enterprise (SMME) support platform in collaboration with is membership network, which consist of professionals who manage over R175bn in assets.
The majority of investors (82%) surveyed by the African Private Equity and Venture Capital Association plan to increase or maintain their African private equity (PE) allocation over the next three years.
The impact investment fund I&P Afrique Entrepreneurs, the Belgian Investment Company for Developing Countries (BIO) and ACEP-International have joined forces to create ACEP Group, a new microfinance group with a goal of empowering African entrepreneurs.
Mediterrania Capital Partners has announced that its portfolio companies managed by MC II and MC III funds achieved 25% EBITDA year-on-year growth up to the end of 2019, reaching over €1bn in aggregated annual revenues.
In 2019, 243 African tech start-ups raised a total of $2.02bn in equity through 250 rounds, representing a 74% growth year-on-year, according to Partech Africa.