Private equity fund manager Phatisa has acquired a majority stake in Malawi-based agricultural engineering and equipment distribution company Farming and Engineering Services (FES). The transaction was structured through Phatisa’s African Agriculture Fund. FES intends to use the new capital to expand services to Malawi’s agricultural sector. Financial details of… Read More
Global growth markets investor The Abraaj Group and Swedish development finance institution Swedfund have invested US$6.5 million in The Nairobi Women’s Hospital, a Kenya-based provider of private healthcare for women and their families. The transaction was structured through The Abraaj Group’s Africa Health Fund, which previously invested US$2.7 million… Read More
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based transportation service provider Cotrama. The transaction was structured through XSML’s Central Africa SME Fund. Cotrama operates a fleet of around 40 trucks, and intends to use the capital injection to expand and modernize its… Read More
Jacana Partners, a pan-African private equity firm that focuses on small- and medium-sized enterprises (SMEs), has invested in Process and Plant Sales (PPS) Ghana, a supplier of industrial products and services to the mining, construction and processing industries in Ghana. The investment will support the growth of PPS Ghana’s… Read More
South Africa-based alternative asset management firm Capitalworks has led a consortium of investors to acquire a 100 percent stake in Much Asphalt, a South Africa-based supplier of hot mix asphalt to the construction industry. The consortium, which includes Mineworkers Investment Company (MIC) and senior executives of Much Asphalt, purchased… Read More
Pan-emerging markets private equity firm Actis has signed an agreement with United States-based energy company AES to acquire the majority interest in three power assets in Cameroon for US$220 million. The investment will give Actis a 56 percent stake in Cameroon’s national integrated utility, Société Nationale d’Electricité (SONEL), and… Read More
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
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