Egypt-focused private equity fund manager Ezdehar Management has partially exited Egypt-based aluminum and glass fabricator AluNile to Ekuity Holding, an Egypt-based investment holding company wholly owned by the Kuwait Investment Authority, disposing of a 30 percent stake. AluNile designs, manufactures, and installs curtain walls, doors, window frames, facades, and processed… Read More
Pan-African private equity fund manager EXEO Capital has exited South Africa-based abalone farming business HIK Abalone Farm to South Africa-focused agriculture-, food products- and energy-focused investor African Pioneer Group. EXEO Capital held its investment in HIK for eight years, developing a second farm and enabling production improvements. Financial details of… Read More
Morocco-based holding company Equity Invest has raised EUR8 million (approximately USD8.9 million) in mezzanine financing from Africa-focused private credit fund manager Vantage Capital. Equity Invest owns six Morocco-based companies operating in safety and security systems, audio and visual multimedia systems, photovoltaic business solutions, payments, and virtual health information systems. Proceeds… Read More
Kenya-based agribusiness technology company Twiga Foods has raised USD23.75 million in a Series B funding round led by global asset manager Goldman Sachs. Additional participants in the round include Twiga’s existing investors, such as venture capital firms Wamda Capital and TLcom Capital, evergreen investment company Creadev, and International Finance Corporation. Read More
Francophone West Africa-focused growth equity fund manager Adiwale Partners has reached a first close for Adiwale Fund I with EUR50 million (approximately USD56 million) in capital commitments. Investors in the fund include the African Development Bank, which committed EUR12.5 million (USD14 million), and other development finance intuitions and commercial investors… Read More
Egypt-focused private equity fund manager Ezdehar Management has agreed to acquire a 30 percent stake in Family Group, an Egypt-based logistics and automotive services company. Family Group, which was formed through the consolidation of five Egypt-based companies across the logistics value chain, plans to use the new partnership with Ezdehar… Read More
Impact investing is a powerful tool to eradicate poverty, promote economic development and address climate change. Equally, impact is now winning growing acceptance as an asset class among investors. However, many investment managers charged with a fiduciary duty to pension plans or other institutions continue to assume that impact is… Read More
In the world of private equity, the success of an investor’s deployment of capital depends greatly on the investor’s ability to earn a return on investments through dividends and distributions and/or to sell the investments for a profit within a finite period of time. In a mature market such as… Read More
Industry analysts had predicted that factors such as macroeconomic recovery in oil production and prices and relative political stability following the April elections would result in concomitant boosts in GDP growth, business confidence, and M&A and IPO deal-making (including cross-border private equity (PE) transactions) in Nigeria in 2019. Available deal data… Read More
Impact Investing is the act of investing with the intent to measurably contribute positive social, economic, and/or environmental impacts while still achieving financial returns. The underlying concepts to Impact Investing have been part of investment ethos for over one hundred years, and socially responsible investing for even longer. Socially responsible… Read More
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