DPI-Backed Dolidol Acquires Nigeria’s Mouka from Actis for USD60m
Dolidol, a Morocco-based bedding and mattress manufacturer and distributor backed by DPI, acquired Mouka, a Nigeria-based mattress maker, from Actis for USD60m. Read more… Read More
Dolidol, a Morocco-based bedding and mattress manufacturer and distributor backed by DPI, acquired Mouka, a Nigeria-based mattress maker, from Actis for USD60m. Read more… Read More
Investisseurs & Partenaires exited its investment in Kenya-based food flavors company Afribon via a sale to the Kerry Group for an undisclosed amount. Read more… Read More
Old Mutual Alternative Investments, Sanlam Private Equity, Brait and Sphere agreed to exit South Africa-based glass packaging manufacturer Consol Holdings via a ZAR10.1b (~USD635m) sale to Ardagh Group. Read more here and here… Read More
Algeria-based logistics and last-mile delivery startup Yassir raised a USD30m Series A led by WndrCo, DN Capital, Kismet Capital, Spike Ventures and Quiet Capital, with participation from Endeavor Catalyst, FJ Labs, VentureSouq, Nellore Capital, Moving Capital and angel investors. Read more… Read More
Adenia and Proparco acquired Overseas Catering Services, a Morocco-based corporate catering services provider active in Africa and the Middle East, for an undisclosed amount. Read more… Read More
Vitol Group agreed to acquire Vivo Energy, a UK-based retailer and distributor of fuels and lubricants in Africa, for USD2.3b, providing an exit for Helios Investment Partners and other shareholders. Read more… Read More
African Capital Alliance, through its CAPE IV fund, invested USD75m in equity in Mauritius-based infrastructure provider WIOCC as part of the company’s USD200m debt and equity round. Read more… Read More
A consortium of investors led by Ethos Private Equity and including African Rainbow Capital acquired South Africa-based fintech Crossfin Technology for ZAR1.5b (~USD95m), providing an exit for Capital Eye Investments and the Multiply Group. Read more… Read More
Tencent led a USD48m Series B for South Africa-based fintech Ozow, with participation from Endeavor Catalyst and Endeavor Harvest Fund. Read more… Read More
VestedWorld led a USD1.6m seed round for Shuttlers, a Nigeria-based, tech-enabled scheduled bus sharing company, with participation from EchoVC, Interswitch, Rising Tide Africa, Launch Africa, CMC 21 & Alsa, ShEquity, Five35, Consonance Investment, CcHub Syndicate, Sakore and Nikky Taurus. Read more… Read More
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