South Africa-focused private equity firm PAPE Fund Managers has reached a final close for PAPE Fund III with ZAR950 million (approximately USD62 million) in commitments. Investors in the fund include South African asset manager Public Investment Corporation, development finance institution FMO, funds of funds 27four Investment Managers and SA SME… Read More
African Infrastructure Investment Managers (AIIM), a subsidiary of Africa-focused asset manager Old Mutual Alternative Investments, and Nedbank Energy Finance have agreed to invest ZAR400 million (approximately USD26 million) in SOLA Group, a South-Africa based renewable energy provider. The company, which develops and operates solar photovoltaic (PV) projects, will use the… Read More
Egypt-based electronic payments platform Fawry has raised EGP1.6 billion (approximately USD96 million) in its initial public offering (IPO) on The Egyptian Exchange. As part of the IPO, Africa-focused private investment firm Helios Investment Partners and impact investment fund manager responsAbility Investments, which respectively invested in Fawry in 2015 and 2017,… Read More
South Africa-focused private equity fund manager Ethos and global private equity investment group Apex Partners have acquired two separate parts of Torre Industries, a South Africa-based industrial equipment producer. Following the company’s delisting from the Johannesburg Stock Exchange in April, the company was separated into Torre Analytical Service, which Ethos… Read More
West Africa-focused private equity firm Verod Capital Management has reached an interim close for Verod Fund III with USD150 million in commitments. Investors in the fund include the European Investment Bank and African Development Bank, as well as other development finance institutions, international funds of funds, asset managers, foundations, sovereign… Read More
Growthpoint Investec African Properties (GIAP), a pan-African real estate investment trust managed by Africa-focused investors Investec Asset Management and Growthpoint Properties, has acquired a 100 percent stake in Zambia-based Manda Hill shopping center from local property investment company AttAfrica. Manda Hill comprises 42,000 square meters of retail space. Financial details… Read More
Global growth markets investor Actis has acquired South Africa-based renewable energy provider BioTherm Energy from Denham Capital, a global energy-focused private equity firm. BioTherm, which currently manages a 288-megawatt portfolio of wind, solar, and biogas projects in operation and under development, plans to partner with Actis to grow its operations… Read More
African Infrastructure Investment Managers (AIIM), a subsidiary of Africa-focused asset manager Old Mutual Alternative Investments, has reached a final close for African Infrastructure Investment Fund 3 (AIIF3) with USD320 million in capital commitments. The fund received commitments from investors in AIIM’s previous fund, AIIF2, and new investors from Africa, Europe,… Read More
Africa-focused growth equity fund manager Mediterrania Capital Partners and Ekuity Capital, an investment firm backed by the governments of Tunisia and Kuwait, have invested in Tunisia-based supermarket chain Aziza. Mediterrania reportedly acquired a 20 percent stake in the company through its third fund. Aziza plans to partner with Mediterrania and… Read More
Africa-focused growth equity fund manager Mediterrania Capital Partners and Ekuity Capital, an investment firm backed by the governments of Tunisia and Kuwait, have invested in Tunisia-based supermarket chain Aziza. Mediterrania reportedly acquired a 20 percent stake in the company through its third fund. Aziza plans to partner with Mediterrania and… Read More
(default archive template)