Pan-African private investment firm Helios Investment Partners has agreed to invest US$100 million for a 12.4 percent stake in Stockholm- and Toronto-listed Africa Oil, an oil and gas company with assets in Kenya, Ethiopia and Somalia. Africa Oil intends to use the capital to help finance its ongoing appraisal and… Read More
Key findings from the 2015 LP Survey: Over the next two years, 33% of LPs* plan to increase the percentage of their total PE allocation targeted at emerging markets (versus 41% in the 2014 survey), and 47% of LPs* anticipate increasing the dollar value of new commitments to EM… Read More
Advanced Finance & Investment Group (AFIG Funds), a Sub-Saharan Africa-focused investment fund management company, has completed an investment in real estate development company Primrose Properties Ghana. Primrose will use the investment to fund a pipeline of commercial, residential and mixed-use property development projects. Financial details of the transaction, which was… Read More
Nigeria-focused private equity firm Verod Capital has acquired trust and asset management services company Union Trustees, a fully-owned subsidiary of Union Bank of Nigeria, in partnership with company management. Financial details of the transaction, which was structured through Verod Capital’s Fund II, were not disclosed. Read More
Vital Capital, an impact investing firm primarily focused on Sub-Saharan Africa, has exited two Angola-based infrastructure projects: Sumbe-Gabela-Waku Kungo, an electricity transmission line project, and Water For All, a potable water distribution project. Cumulatively, the two exits yielded a reported IRR of over 24 percent. Financial details of the transactions,… Read More
East Africa Capital Partners (EACP), a venture capital fund manager focused on the technology, media and telecommunications sectors in the greater Eastern Africa region, is deploying KES4.6 billion (approximately US$48.4 million) to set up data centers in Kenya and Tanzania. EACP expects the projects in Mombasa and Dar es Salaam… Read More
Cordiant Capital, a fund manager specializing in emerging markets investments, has closed a US$15 million loan to SA Taxi Development Finance, a South Africa-based mini-bus taxi finance provider. The loan was structured through Cordiant Emerging Loan Fund IV and is part of a six-year, US$36 million multi-currency loan facility with… Read More
East Africa-focused private equity and venture capital investor Fanisi Capital has invested US$2.1 million in European Foods Africa, a Kenya-based food distribution and processing firm that sells pizzas, berries and fresh juice. The company intends to use the new investment to expand its business within Kenya. Read More
Pan-African mezzanine fund manager Vantage Capital and Dutch development bank FMO have exited their ZAR220 million (approximately US$31 million) investment in Safripol, a South Africa-based plastic polymer manufacturer. In 2007, Vantage Capital and FMO funded Thebe Investment Corporation, a South Africa-based black economic empowerment investment company, to acquire a stake… Read More
Private equity firm Development Partners International (DPI) has closed its second pan-Africa-focused fund, ADP II, with approximately US$725 million in capital commitments. Investors in the fund include corporate and public pension funds, endowments and foundations, funds of funds, family offices and development finance institutions from the United States, Europe, the… Read More
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