By Cindy Valentine and Ravi Chopra, King & Wood Mallesons Although permanent capital structures have been used in Europe and the US for many years in various forms, emerging markets have trailed developed markets when it comes to alternative structures. While managers in emerging markets have been talking about,… Read More
South Africa-focused private equity fund manager Kleoss Capital has acquired a minority stake in South Africa-based multi-brand food group Real Foods. Kleoss Capital invested through Kleoss Capital Fund I. Real Foods will use the new capital to execute its acquisition strategy in the natural foods industry. Financial details of the… Read More
South Africa-focused fund manager Rockwood Private Equity has agreed to sell its stake in South Africa-based polypropylene and high-density polyethylene manufacturer Safripol as part of a ZAR4.1 billion (approximately US$307 million) acquisition by Johannesburg-listed conglomerate KAP Industrial Holdings. The management of Safripol and South Africa-based investment holding company Thebe Investment… Read More
The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Investec Asset Management, has provided US$20 million to telecommunications infrastructure platform Helios Towers Africa (HTA) as part of a syndicated loan totaling US$105 million. HTA will use… Read More
Tanzania-based solar electricity provider Off Grid Electric has raised a total of US$18 million from Africa-focused private investment firm Helios Investment Partners and impact investment firm responsAbility Investments. Helios committed US$10 million and responsAbility provided US$8 million in debt financing. The firms’ investments will be used to support the rollout… Read More
Sub-Saharan Africa-focused impact investment group Investisseurs & Partenaires (I&P) and development finance institution Proparco have participated in a US$2.2 million Series A round for South Africa-based private school network Enko Education. Each investor committed US$1.1 million. Enko will use the new capital to fund the operation of its existing schools,… Read More
Pan-African mezzanine fund manager Vantage Capital has provided a ZAR200 million (approximately US$13.6 million) expansion capital facility to South Africa-based investment company New GX Capital. The transaction was structured through Vantage Mezzanine Fund III. New GX Capital will use the new financing for additional investments in the telecommunications infrastructure, energy,… Read More
WDB Investment Holdings, a South Africa-focused private investor focused on women’s empowerment, and Grovest, a South Africa-focused venture capital company, have acquired a 57.5 percent stake in South Africa-based Seed Engine, a company that offers training, support and funding mechanisms to startups. WDB and Grovest acquired 30 percent and 27.5… Read More
Metier, a private equity and alternative asset fund manager, has completed additional closes for Metier Capital Growth Fund II with more than ZAR2.5 billion (approximately US$170 million) in capital commitments. Investors in the fund included development finance institutions DEG, FMO, IFC and Proparco; frontier market investor Sarona Asset Management; Averroès… Read More
Infrastructure investment firm African Infrastructure Investment Managers has exited three toll road projects in Southern Africa: N3 Toll Concession, Trans African Concessions and the South African Toll Road Company. AIIM originally invested in the projects through South Africa Infrastructure Fund (SAIF). The buying consortium included South African investment manager Public… Read More
(default archive template)