SPE Capital Acquires Majority Stake in Tunisia’s Vital
SPE Capital, through its Africa Industrialization Fund I, acquired a majority stake in Vital, a Tunisia-based nutritional supplements producer. Read more… Read More
SPE Capital, through its Africa Industrialization Fund I, acquired a majority stake in Vital, a Tunisia-based nutritional supplements producer. Read more… Read More
Amethis fully exited wholesale computer hardware and software distributor Disway Tunisia to its Morocco-listed parent company Disway. Capital North Africa Venture II first invested in Disway Tunisie in 2015, and Amethis took over management of the fund from Capital Invest in 2018. Read more… Read More
Amethis exited CIEL Finance, the banking and financial services division of Mauritius-listed CIEL Group, through a share buyback. Read more… Read More
Verod Capital Management, through its Verod Capital Growth Fund II, fully exited Daystar Power Group, a hybrid solar power developer operating in West Africa, via a sale to Shell. Verod first invested in Daystar in 2019. Read More… Read More
Akdital, a Morocco-based medical clinic operator, raised MAD1.2b (~USD113m) through an IPO on the Casablanca Stock Exchange. Mediterrania Capital Partners, which invested in Akdital in March 2020 through its third fund, sold part of its stake in the listing. Read more here and… Read More
Old Mutual Alternative Investments (OMAI), through its Hybrid Equity fund, invested ZAR420m (~USD24m) to increase its stake in Mulilo, a South Africa-based renewable energy independent power producer. Hybrid Equity has been a shareholder in Mulilo since 2015. Read more… Read More
Global Ventures’ Nclude fund led a USD3m seed round for OneOrder, an Egypt-based restaurant supply chain platform, with participation from A15 and Delivery Hero Ventures. Read More… Read More
Quona Capital and FinTech Collective led a USD3m seed round for Orda, a Nigeria-based provider of software solutions for small and medium-sized restaurants, with participation from Outside VC and Far Out Ventures, and follow-on from LoftyInc Capital, Enza Capital and Norrsken Foundation. Read more… Read More
African Infrastructure Investment Managers (AIIM), through its South African IDEAS Fund and AIIF4, agreed to invest USD90m in NOA Group, a South Africa-based developer of large-scale energy generation utilizing wind, solar and storage technologies. Read more… Read More
Amethis exited Morocco-based commercial bank CFG Bank, selling a majority of its shares to current shareholders. Read more… Read More
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