South Africa-based Lereko Metier Capital Growth Fund (LMCGF), which focuses on mid-cap buyout and growth opportunities in Southern Africa, has acquired South Africa-based Institute of Marketing Management (IMM) Group. In partnership with Dutch development bank FMO and South African investment manager Ke Nako Capital, LMCGF has agreed to commit ZAR200 million (approximately US$22 million) to the company as part of an initiative to create a private tertiary education group of scale, with operations covering South Africa and Sub-Saharan Africa.