Investec Equity Partners, the principal investments division of Investec Asset Management, has acquired South Africa-based industrial lime producer iDwala Industrial Holdings from South Africa-based investors Ethos Private Equity, Kagiso Tiso Holdings and Old Mutual Private Equity. Investec reportedly completed the acquisition in December 2016. Financial details of the transaction were… Read More
Global private equity firm Capital Group Private Markets will partner with France-based investment company Wendel to acquire South Africa-based facilities services provider Tsebo Solutions Group from a consortium led by South Africa-focused fund manager Rockwood Private Equity. Capital Group will acquire a 35 percent stake and invest through CIPEF VI,… Read More
Download the full report here. The Big Picture: An Introduction to Health Care and Private Equity in Emerging Markets When TMG Capital invested in Brazil-based insulin producer Biomm Technology in 2013, the private equity fund manager saw an opportunity to address growing domestic demand for pharmaceutical products by… Read More
Amandi Energy, a project development platform backed by Endeavor Energy and Aldwych International, has arranged US$552 million in financing for the construction of a 200 megawatt combined-cycle, dual-fuel power plant in Ghana. Endeavor and Aldwych are in turn backed by energy and infrastructure-focused private equity firms Denham Capital and Harith… Read More
Impact investment fund manager Equator Capital Partners has acquired a 15 percent stake in Kenya-based financial institution Jamii Bora Bank for US$5.9 million. Equator Capital Partners invested through ShoreCap II. Jamii Bora reportedly serves more than 400,000 customers through 26 branches located across Kenya. Read More
Global infrastructure investment firm Meridiam has invested EUR8.5 million (approximately US$9 million) in Senegal-based 30 megawatt photovoltaic solar power plant Ten Marina. Meridiam’s investment, which was completed through Meridiam Africa Infrastructure Fund, forms part of an EUR43 million (approximately US$45 million) financing package, which also includes an EUR34.5 million (approximately… Read More
Nigeria- and Ghana-focused private equity firm Synergy Capital Managers has invested in Nigeria-based MSY Analytics Group, a technology-driven professional services and data analytics company focused on organizational productivity. MSY will use Synergy’s investment, which was made through Synergy Private Equity Fund, to expand geographically across the continent and to deepen… Read More
Nigeria-based off-grid solar firm Lumos Global has raised US$90 million from development finance institution Overseas Private Investment Corporation (OPIC), Sub-Saharan Africa-focused investment firm Pembani Remgro Infrastructure Managers, VLTCM and Israeli cleantech venture specialist ICV. The new funding comprises US$50 million in debt provided by OPIC and US$40 million in equity… Read More
Download the full report here. Recent reforms across Africa have created private pension systems that are rapidly accumulating assets under management (AUM) in line with the continent’s explosive demographics. A number of dynamics currently underway on the continent – expanding populations, increasing urbanisation, rising per capita incomes, and… Read More
Emerging markets-focused specialist investor LeapFrog Investments has acquired a majority stake in Kenya-based pharmaceutical retailer Goodlife Pharmacy for US$22 million. As part of the acquisition, East Africa-focused private equity firm Catalyst Principal Partners has fully exited its stake in the company. Catalyst originally invested in Goodlife in 2014 through Catalyst… Read More
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