EMPEA Members log in to receive exclusive access to the detailed report (PDF) and underlying data (Excel). Subdued investment in Asia’s largest market, as well as fewer large-cap pan-Asia funds raising capital, rein in total EM activity levels despite bright spots in other regions, including Africa, other countries,… Read More
West Africa-focused private equity fund manager Verod Capital Management has agreed to acquire a 100 percent stake in Nigeria-based life insurance company Metropolitan Life Insurance Nigeria from South Africa- and Namibia-listed financial services group Momentum Metropolitan Holdings. Verod will acquire the company through Verod Capital Growth Fund II. Financial details… Read More
Global growth markets investor Actis has acquired the management rights to two funds previously managed by emerging markets-focused private equity fund manager The Abraaj Group. Actis will take over management of Abraaj Africa Fund II and Abraaj South East Asia Fund II. Actis had previously secured management rights to two… Read More
Africa-focused private equity fund manager Adenia Partners has been approved to acquire Kenya-based supermarket chain Quick Mart by the Competition Authority of Kenya. Investing through Adenia Fund IV, the firm previously acquired another Kenyan supermarket chain, Tumaini Self Service, in December 2018. Adenia plans to merge the operations of Quick… Read More
Africa-focused private investment fund manager Amethis has invested in VLH, the hospitality subsidiary of Mauritius-listed holding company Rogers Group. VLH operates seven hotels in Mauritius under the brands Heritage Resorts and Veranda Resorts with an emphasis on sustainable tourism. Amethis’ investment will support further development of the Bel Ombre region… Read More
Africa-focused energy infrastructure investor Inspired Evolution has attained a final close with USD216 million in commitments for its Evolution II Fund. The fund’s twelve investors include CDC Group, Cyane Holdings, the European Investment Bank, KLP Norfund Investments, and Morgan Stanley Alternative Investment Partners, among others. Evolution II Fund will invest… Read More
Shareholders in South Africa-based fiber network operator Vox Telecom, including private equity fund manager Metier, have agreed to participate in a ZAR2 billion (approximately USD131 million) recapitalization of the business in partnership with company management. As part of the transaction, Metier, South Africa-based Rand Merchant Bank, and others will buy… Read More
Africa-focused private investment fund manager Tamela Capital Partners has reached a ZAR420 million (approximately USD27 million) first close for Tamela Mezzanine Debt Fund 1. The fund seeks to finance mid-market companies with ticket sizes between ZAR50 million (USD3 million) and ZAR150 million (USD10 million). Tamela will primarily invest in South… Read More
Frontier markets-focused asset manager Silk Invest has partially exited Nigeria-based food services company Sundry Foods to Norwegian development finance institution Norfund. Sundry Foods, which operates quick service restaurants, bakeries, and catering units, plans to leverage its new partnership with Norfund and existing relationship with Silk Invest to expand its product… Read More
Global alternative asset manager The Carlyle Group has acquired a majority stake in IsoMetrix, a South Africa-based environmental, health, and safety software provider. IsoMetrix plans to collaborate with another recent Carlyle acquisition, the South Africa-based occupational health and safety solutions provider NOSA, though the companies will continue to operate independently. Read More
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