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
Andrew Brown is the Managing Director and Chief Investment Officer of Emerging Capital Partners (ECP), an Africa-focused growth capital investor. In this interview, Andrew compares and contrasts the private equity opportunity in North Africa and Sub-Saharan Africa, highlights exit routes and strategies to mitigate risk,… Read More
Pembani Remgro Infrastructure Fund—a joint initiative established by investment holding company Remgro and Pembani Group chairman Phuthuma Nhleko—has reached a first close with US$245 million in capital commitments. In addition, the fund has received a further commitment equal to 20 percent of the fund size, capped at US$100 million, from… Read More
Infrastructure investment firm African Infrastructure Investment Managers (AIIM) and Africa-focused power developer Joule Africa have entered into an agreed framework that provides AIIM the opportunity to become a major equity investor in power projects being developed by Joule Africa. Joule Africa’s current development interests include Bumbuna II, a hydro-electric project… Read More
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