Pan-emerging markets private equity firm Actis, Sub-Saharan Africa real estate investment management and development group RMB Westport and Nigeria-focused investor group Paragon Holdings have sold Nigeria-based retail mall Ikeja City Mall to South Africa-focused real estate investment trust Hyprop Investments and Johannesburg Stock Exchange-listed real estate capital growth fund Attacq. Read More
Sub-Saharan Africa-focused private equity firm Adenia Partners has exited Hôtel du Louvre, a business hotel located in Antananarivo, Madagascar, to a group of undisclosed local investors. The transaction was structured through Adenia Capital I. Adenia originally invested in the company in 2006. Financial details of the transaction were not disclosed. Read More
Introduction Across the emerging markets, private companies face two persistent growth constraints: expansion capital and expertise. Frequently, small and mid-size businesses are unable to secure bank lending to finance their aspirations for growth, particularly if they lack hard assets that can serve as collateral. Local banks often tend to prefer… Read More
Introduction Across the emerging markets, private companies face two persistent growth constraints: expansion capital and expertise. Frequently, small and mid-size businesses are unable to secure bank lending to finance their aspirations for growth, particularly if they lack hard assets that can serve as collateral. Local banks often tend to prefer… Read More
Private equity fund manager Phatisa has entered into an agreement with Rwanda-based real estate developer Kigali Batsinda Estate to develop Izuba City, a 300-unit housing complex in Rwanda. The investment will be structured through the Pan African Housing Fund, a real estate fund managed by Phatisa. Financial details of the… Read More
East Africa-focused private equity firm Ascent Capital Africa has reached a final close for Ascent Rift Valley Fund with more than KES8 billion (approximately US$76 million) in capital commitments, exceeding the initial target of KES6 billion (approximately US$57 million). The fund invests in Kenya, Uganda and Ethiopia. Local pension funds… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, and development finance institutions DEG, Swedfund and FMO have provided a US$75 million syndicated subordinated term loan to commercial bank Ecobank Nigeria. Amethis invested US$15 million, while DEG and Swedfund invested US$20 million and US$10… Read More
Africa-focused private investment firm Helios Investment Partners has provided a debt facility to Nigeria-based marine logistics company Starzs Investments Company. Starzs has made an initial drawdown of the debt facility to acquire MV Varada Queen, a terminal tugboat that Starzs has been operating on a lease-purchase agreement since 2013. Financial… Read More
Sub-Saharan Africa-focused alternative asset management firm Capitalworks has acquired a majority stake in South Africa-based boat manufacturer Robertson and Caine for US$25 million. The investment was made alongside Robertson and Caine co-founder John Robertson. The transaction was structured through Capitalworks Private Equity Fund II. … Read More
Sub-Saharan Africa-focused impact investment group Investisseurs & Partenaires (I&P) has led minority stake investments in two companies: Enval Laboratoire, a Côte d'Ivoire-based physic-chemical and microbiological analysis company, and PEG Africa, a Ghana-based asset finance company selling solar energy products to off-grid customers. Financial details of the Enval transaction, in which… Read More
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