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
Africa-focused private investment firm Helios Investment Partners and Netherlands-based energy trader The Vitol Group have acquired a 49 percent stake in OVH Energy, the downstream business of Nigeria-based oil and gas company Oando. The transaction was structured as a US$210 million recapitalization through HV Investments II, a joint venture owned… Read More
Private equity fund manager Phatisa has invested in South Africa-based equipment distributer Torre Equipment Africa (TEA). With Phatisa’s support, TEA intends to expand its product offering and sales within the agricultural sector. TEA operates in Côte d’Ivoire, Ghana, Liberia, Sierra Leone, Cameroon and Botswana, among others. Financial details of the… Read More
Global renewable energy developer Mainstream Renewable Power has signed a US$117.5 million equity investment from development finance institution International Finance Corporation (IFC); IFC Asset Management Company (IFC AMC), a wholly-owned subsidiary of IFC; Ascension Investment Management, an asset manager for faith-based organizations; and South Africa-based financial services group Sanlam. IFC… Read More
Energy-focused private equity firm Denham Capital has agreed to partner with Sub-Saharan Africa-focused renewable energy investment company GreenWish Partners to develop, build and finance a portfolio of 600 megawatts of renewable energy assets across Sub-Saharan Africa by 2020. The capital commitment will allow the new African renewables platform to carry… Read More
South Africa-focused private equity fund manager Ethos Private Equity has agreed to sell South Africa-based consumer and industrial products distributor Brandcorp Holdings to Johannesburg Stock Exchange-listed conglomerate The Bidvest Group. Ethos Private Equity originally acquired Brandcorp in 2007 through Ethos Fund V. Financial details of the transaction, which is subject… Read More
Venture capital firm Energy Access Ventures (EAV) has led a US$4.3 million Series A round for Ghana-based pay-as-you-go financing company PEG with participation from impact investment group Investisseurs & Partenaires (I&P). Other investors included family office Blue Haven Initiative and Engie Rassembleurs d’Energie, the sustainable energy initiative of power generation… Read More
South African venture capital firm 4Di Capital has reached a first close for its new technology venture capital fund with ZAR256 million (approximately US$16.8 million) in capital commitments. Investors in the fund included Exponential Ventures, the investment arm of Johannesburg Stock Exchange-listed financial services group MMI Holdings. The fund will… Read More
Africa-focused private investment firm Helios Investment Partners has acquired a 60 percent stake in landline phone service provider Telkom Kenya from France-based telecommunications company Orange. The transaction was structured through Helios Investors III. The Government of Kenya also increased its stake in Telkom Kenya from 30 percent to 40 percent. … Read More
Frontier markets-focused private equity firm Schulze Global Investments has acquired a 43 percent stake in Ethiopia-based water bottling company Origin Investment. With Schulze’s support, Origin intends to increase production and create employment opportunities. Financial details of the transaction were not disclosed. Read More
(default archive template)
