Global growth markets investor The Abraaj Group has acquired a majority stake in Nigeria-based mattress manufacturer Mouka from pan-emerging markets private equity firm Actis and the company’s founding Moukarim family, which will retain a minority stake. Actis originally invested in the company in 2007. Abraaj and the Moukarim family will… Read More
Kibo Capital Partners, a fund manager focused on Eastern and Southern Africa and the islands of the Indian Ocean, has sold its 40 percent stake in Uganda-based healthcare company International Medical Group (IMG). Kibo sold its stake to Ciel Group, a Mauritius-based conglomerate, and Fortis, an India-based healthcare company. Kibo… Read More
Private investment fund manager One Thousand & One Voices has proposed to invest in South Africa-based red meat producer Beefmaster for a minority stake in the company. The transaction will support Beefmaster’s domestic and international product growth. Financial details of the transaction, which has been approved by the Competition Commission… Read More
TPG Growth, the global middle market and growth equity platform of TPG, and Satya Capital, an Africa-focused independent investment firm, have established Satya-TPG, a special purpose vehicle focused on new investments in Africa. TPG Growth has committed up to US$1 billion to the vehicle, while Satya intends to commit between… Read More
Africa-focused private investment firm Helios Investment Partners and Netherlands-based energy trader The Vitol Group have agreed to acquire a 60 percent stake and 51 percent of the voting rights in the downstream business of Oando, a Nigeria-based oil and gas company, for US$276 million. The new downstream and retail business… Read More
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of Congo-based Ets Lejack, which operates three business lines—printing shops, production of toilet paper and production of candles. Lejack will use the investment to expand its toilet paper production. Financial details of the transaction, which was structured through… Read More
South Africa-focused fund manager Ethos Private Equity has agreed to sell Plumblink, a South Africa-based specialist plumbing and bathroom supplies retailer, to South Africa-based international holding company The Bidvest Group. Ethos originally acquired Plumblink in 2006. The transaction is subject to the fulfillment of certain conditions. Financial details of the… Read More
American Capital Energy & Infrastructure (ACEI), an investor in global energy infrastructure assets, has committed to invest an estimated EUR76 million (approximately US$84 million) in a wind power project in Senegal. The total cost of the project is estimated to be EUR305 million (approximately US$339 million), with undisclosed senior debt… Read More
International Housing Solutions (IHS), an investment firm focused on residential housing, has invested in Ravenswood, a South Africa-based 188 unit residential rental development in the suburbs of Johannesburg. The investment was structured through IHS Fund II. Financial details of the transaction were not disclosed. Read More
Nigeria-based hotel booking website Hotels.ng has secured a US$1.2 million investment from philanthropic investment firm Omidyar Network and EchoVC Partners, a seed and early stage venture capital firm focused on North America, Africa and Southeast Asia. EchoVC’s investment was structured through its EchoVC Pan-Africa Fund. The fresh investment will be… Read More
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