Ugandan electrical distribution company Umeme, a portfolio company of pan-emerging markets private equity investor Actis, has raised US$66 million through an initial public offering of 38 percent of the company’s total shares. Actis, which acquired 100 percent of Umeme in 2005, retains a post-IPO stake of 60… Read More
Metier co-founded Libstar in 2005 and has since acquired controlling stakes in more than 20 South African business in the fast-moving consumer goods (FMCG) manufacturing and distribution sector. Company Headquarters: South Africa Business focus: Fast-moving consumer goods Revenue: ZAR3.5 billion Impact Highlights Since 2006, Libstar has provided more than 20 manufacturing… Read More
Catalyst Principal Partners, an East Africa-focused private equity firm, has secured US$125 million in commitments for its first private equity fund. Catalyst Fund 1, which was targeting US$100 million in commitments, will invest in the consumer goods, retail, technology, services, manufacturing and engineering sectors in Kenya, Uganda,… Read More
Africa-focused private equity group Databank Agrifund Manager Limited (DAFML) has invested in Cameroonian commercial farm West End Farms (WEF) through the AAF SME Fund. AAF SME Fund, a sub-fund of the African Agribusiness Fund (AAF) managed by private equity firm Phatisa, is focused on African food production… Read More
This is Africa's Lanre Akinola spoke with Jen Choi, Vice President of Industry and External Affairs at EMPEA, at the Private Equity in Africa 2012 Leadership Summit. Read More
Union Global Partners, a consortium of Nigerian and international investors, has invested US$500 million in Union Bank of Nigeria for 65 percent of the bank’s outstanding common shares. Union Global Partners was formed to recapitalize the bank and is comprised of six core investors: private equity firms African Capital… Read More
Global emerging markets investor Actis has confirmed the final close of its second Africa-focused real estate fund, Actis Africa Real Estate 2, with total commitments of US$278 million. The fund will focus on retail and office developments in East Africa, West Africa and Southern Africa, excluding South Africa. Actis’s… Read More
South African alternative asset management firm Capitalworks Equity Partners is acquiring a majority stake in Rhodes Food Group, a South African diversified foods producer. Rhodes Food Group produces prepared meals, dairy products, pies and canned foods, and operates its own agricultural and processing facilities. Financial details of the transaction… Read More
Sub-Saharan Africa-focused private equity fund manager XSML has invested in SOGETRA, a river and road transportation company in the Democratic Republic of the Congo, through its Central Africa SME Fund, which is targeting US$25 million in commitments. SOGETRA plans to use the investment to construct new barges and tugboats… Read More
South African asset management and advisory firm Marlow Capital has acquired an indirect holding in Waste Giant, a South African supplier of commercial and industrial waste solutions, through its portfolio company Wasteman Holdings, a South African waste management company. The investment will allow Wasteman to develop waste treatment assets,… Read More
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