In 2020, Africa recorded its highest level of project financing in a decade in terms of investment value with 28 deals, totalling $30.07bn, reaching financial close, according to Linklaters.
PE Industry News
GroFin, a specialist, impact-driven SME financier, has become a signatory of the Operating Principles for Impact Management led by IFC.
Ethos Private Equity has announced an agreement with JSE and LSE-listed investment manager Ninety One, to take on an advisory contract for Ninety One’s Africa Private Equity funds, effective as at December 15, 2020.
Fairfax Africa and Helios Holdings have announced the completion of the strategic transaction signed on July 10, 2020.
Harith General Partners, one of Africa’s largest infrastructure-focused private equity fund managers, has announced that the $296m Zimbabwe Beitbridge border post complex BOT Public Private Partnership has reached financial close.
Development Partners International (DPI) through its ADP III fund, CDC Group, and the European Bank for Reconstruction and Development (EBRD) have joined forces to create a a new pan-African biopharmaceutical platform.
Mediterrania Capital Partners’ portfolio company Akdital Holding has opened a new oncology department providing diagnostic and treatment services at the Casablanca Ain Sbaâ private hospital in the Hay Mohammadi Ain Sbaâ prefecture.
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.
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.