Private equity firm Catalyst Principal Partners has announced its acquisition of a majority stake in Tanzania-based heavy equipment rental and logistics company EFFCO Tanzania through a management-backed buyout. The investment will allow the company to scale up operations and expand the business in Tanzania and across East Africa. Financial… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, and Edmond de Rothschild Europportunities Management II (ERES), a subsidiary of private banking and asset management group Edmond de Rothschild Group, have agreed to invest US$35 million in Ghana-based commercial bank Fidelity Bank Ghana… Read More
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
Sub-Saharan Africa-focused private equity fund Agri-Vie, which targets food and agribusiness investments, has made a US$5 million investment in Kenya-based flower exporting business Kariki Group. The funding will allow Kariki to expand its business and explore growth opportunities in European, Japanese, Middle-Eastern and Australasian markets. Read More
Verod Capital Management, a Nigeria-based private equity firm, has acquired a minority stake in South Africa-based upstream oil and gas business SacOil Holdings. SacOil intends to acquire and develop near production assets across Africa, building a portfolio while seeking partnerships with local and international oil and gas companies. Financial… Read More
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
Private equity fund manager Advanced Finance and Investment Group (AFIG Funds) has announced the December 2013 close of a US$50 million recapitalization of its Atlantic Coast Regional Fund (ACRF), bringing its assets under management to US$122 million. Development finance institutions CDC Group and African Development Bank participated in the… Read More
Pan-emerging markets private equity firm Actis has acquired a 36 percent stake in Kenya-based tire wholesaler and retailer AutoXpress Group. AutoXpress operates 20 company-owned stores in Kenya and Rwanda, distributing tire, battery and suspension brands to both corporate customers and the local retail market. The company intends to use… Read More
Lereko Metier, a private equity fund manager focused on mid-cap buyout and growth opportunities in Southern Africa, has exited its stake in South Africa-based medical device distributor Surgical Innovations after healthcare group Ascendis Health, newly listed on the Johannesburg Stock Exchange, acquired Surgical Innovations for a total consideration of… Read More
In 2009, Helios Investment Partners led a consortium of investors in the formation of Helios Towers Africa. Company Headquarters: Ghana, Tanzania, DRC Business focus: Telecom Infrastructure Impact Highlights Since its founding, HTA has grown rapidly— more than doubling revenues each year since 2010—to become a leading independent telecom infrastructure company… Read More
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