Horizon Equity Partners, provider of growth and buyout capital to small and medium-sized enterprises in South Africa, has made a minority investment in South Africa-based software developer and Microsoft partner Qorus Software. The transaction was structured through Horizon Fund III. Qorus Software’s technology adds document automation functionality to Microsoft… Read More
Global growth markets investor The Abraaj Group has announced a partnership agreement whereby French food-products corporation Danone will join in the acquisition of Fan Milk International (FMI), a manufacturer and distributor of frozen dairy products and juices in West Africa. The Abraaj Group and Danone will respectively acquire a… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has agreed to provide a US$10 million subordinated loan to Ghana-listed banking institution UT Bank. UT Bank intends to use the capital injection to grow its lending to the SME sector and extend the… Read More
Pan-African private equity firm Helios Investment Partners will invest US$100 million in Mauritius-listed Bayport Management (BML), provider of unsecured credit and other financial solutions in Africa and Latin America. BML will use the funding to partially finance its acquisition of Bayport Financial Services South Africa (BFS) from financial services… Read More
Global growth markets investor The Abraaj Group has acquired a majority stake in Ghana Home Loans, provider of residential mortgages in Ghana. The company intends to use the new financing to scale and consolidate the business’ market position, increase operational efficiency and broaden its portfolio. Financial details of the… Read More
Sub-Saharan Africa-focused private equity fund Agri-Vie, which targets food and agribusiness investments, has acquired a 63 percent stake in South Africa-based table olive supplier Cape Olive Holdings. The company intends to use the new capital to increase its penetration in the food services sector and exports into Africa. Financial… Read More
Global growth markets investor The Abraaj Group has invested in Cote d’Ivoire-based engineering services and component manufacturing and distribution company African Industrial Services Group (AIS). AIS intends to use the capital injection to accelerate its next phase of expansion across West Africa. Financial details of the transaction were not… Read More
Pan-African SME private equity firm Jacana Partners and non-profit private foundation Soros Economic Development Fund have invested a reported US$ 1 million in Tanzania-based dry bulk cargo handling company DSM Corridor Group (DCG). DCG intends to use the capital injection to finance the expansion of its storage capacity with… Read More
Medu Capital has partnered with former Exclusive Books chief executive officer Benjamin Trisk and private investor Marke Barnes to buy two entities, South Africa-based book retailer Exclusive Books and academic book distributer Van Schaik Bookstores, from South Africa’s Times Media Group (TMG). The consortium will pay ZAR325 million (approximately… Read More
Private equity fund manager Phatisa has concluded fundraising for its African Agriculture Fund (AAF), with US$243 million in total capital commitments. The fund will target agriculture and food production in Africa. Investors in the fund include development finance institutions, government agencies, commercial banks, fund-of-funds and private investors. Phatisa has… Read More
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