Impact Case Study: Main One Cable Company

In 2009, Harith invested US$30 million for a 25% stake in Main One Cable Company. Company Headquarters: Nigeria, Ghana, Benin, Burkina Faso, Togo Business focus: Infrastructure Impact Highlights Main One built an undersea 1.92 terabitper- second fiber-optic cable linking landing sites in Accra and Lagos with Portugal for onward connection… Read More

Pearl Capital Partners Invests KES200 Million in Eldoville Dairies (Sub-Saharan Africa)

Pearl Capital Partners, an East Africa-focused agriculture investment firm, has acquired a minority stake in Kenya-based dairy processing company Eldoville Dairies for KES200 million (approximately US$2.3 million). The transaction was structured through Pearl Capital Partners’ African Agricultural Capital Fund. Eldoville produces yogurts, cheeses, butter and cream, and intends to… Read More

Private Equity-backed IHS Holding Secures US$490 Million in Equity and Debt Financing (Sub-Saharan Africa)

IHS Holding, a Nigeria-based pan-African telecommunications infrastructure company, has secured US$420 million in equity and US$70 million in debt in its latest financing round. Investors include existing shareholders pan-African fund manager Emerging Capital Partners, International Finance Corporation and Euronext Paris-listed telecom company Wendel. Also participating in the transaction were… Read More

Convergence Partners Invests in 4Di Capital Fund 1, Transfers the Management of Several Portfolio Companies to 4Di Capital (Sub-Saharan Africa)

Africa-focused investment management firm Convergence Partners will join early-stage technology venture capital firm 4Di Capital’s 4Di Capital Fund 1 as a limited partner and transfer management of its current portfolio of technology venture investments to 4Di. The portfolio companies, all based in South Africa, include mobile aggregator Integrat, location… Read More

Adenia Capital (II) Exits Textile Manufacturing Company CTL (Sub-Saharan Africa)

Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in the West Africa and Indian Ocean regions, has exited its investment in Mauritius-listed Ciel Textile (CTL), a textile manufacturing company active in Mauritius, Madagascar, India and Bangladesh. Adenia Partners, structured through Adenia Capital (II),… Read More

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