Sub-Saharan Africa-focused private equity firm Capitalworks has reached a ~USD275m final close for Capitalworks Private Equity Fund III, according to Africa Capital Digest. Morgan Stanley Alternative Investment Partners is among the fund’s institutional investors, along with a mix of domestic and international investors, high-net-worth families, and large foundations. Read More
Africa-focused private credit fund manager Vantage Capital has fully exited South Africa-based optical network operator Vumatel. Vantage Capital originally provided financing to the company in 2016 and recently achieved the exit through the refinancing of Vumatel’s debt by a consortium of South African banks. Read more… Read More
African Infrastructure Investment Managers (AIIM) has successfully divested AIIF2’s 14% stake in Cookhouse, a 139MW wind farm, and 34% stake in REISA, a 75MW solar PV facility, via sales to via sales to the firm’s IDEAS Fund. Read more… Read More
EBRD has made a USD4m follow-on investment in Egypt-based online platform and marketplace developer BasharSoft. EBRD previously led the company’s USD6m Series B in 2018. Read more… Read More
Zimbabwe-based private equity firm Mangwana Capital has agreed to invest in Australian oil & gas exploration company Invictus Energy to develop the Muzarabani Project, an oil & gas exploration project in Zimbabwe. The deal, awaiting approval by the Reserve Bank of Zimbabwe Exchange Control, will see… Read More
UAE-based VC Global Ventures and Africa-focused asset manager AAIC Japan led a USD7m investment in Nigeria-based electronic medical records provider Helium Health. Read more… Read More
Development finance institution Proparco has invested USD20m in SPE AIF I, a fund managed by Africa- and Middle East-focused private equity firm SPE Capital Partners. The fund targets investments in Egypt, Morocco, and Tunisia. Read more… Read More
TMT-focused VC Crystal Stream Capital, also known as Qingliu Capital, has invested in a multi-million dollar pre-Series A for Egypt-based B2B e-commerce platform MaxAB. Read more… Read More
Telecom, media, and technology-focused venture capital fund manager TLcom Capital has invested USD1m in a pre-seed round for Nigeria-based fintech and API developer Okra. Read more… Read More
Old Mutual Private Equity, a division of South Africa-focused asset manager Old Mutual Alternative Investments, has received approval from the Competition Commission of South Africa to acquire footwear and apparel distributor Crick through Old Mutual Private Equity V. Read more… Read More
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