XSML Supports the Education Sector in Congo

Netherlands-based private equity fund manager XSML has invested in Le Palmier, an education institution operating three schools in the Democratic Republic of the Congo (DRC). XSML made the investment through its Central Africa SME Fund, which provides capital and managerial support to entrepreneurs in DRC and the Central African… Read More

Capitalworks Exits Pronto Holdings (Sub-Saharan Africa)

Pretoria Portland Cement Company Limited (PPC) has acquired Pronto Holdings from South Africa-based independent alternative asset manager Capitalworks for a minimum value of ZAR280 million (approximately US$33 million). Capitalworks first invested in Pronto, a ready-mix concrete business based in Johannesburg, in 2008. Read More

UAP Raises KES4.7 Billion from Private Equity Investors Aureos, AfricInvest-TunInvest Group, and Swedfund International AB (Sub-Saharan Africa)

UAP Holdings, a Kenya-based financial services group, has raised KES4.7 billion (US$53.5 million) from three international private equity investors to support its regional and pan-African expansion plans. Aureos Capital’s Aureos Africa Fund, AfricInvest Fund II and AfricInvest Financial Sector Fund, both managed by Tunisia-based AfricInvest-TunInvest Group, and Swedish development… Read More

CDC Launches Ethiopia Private Equity Fund (Sub-Saharan Africa)

CDC, the U.K.’s development finance institution, has announced a cornerstone investment of US$15 million in the Schulze Global Ethiopia Growth and Transformation Fund I. The fund has a target of US$100 million and will seek to invest between US$1 million and US$10 million per transaction in small-… Read More

(default archive template)