South Africa-based food, beverage and household products manufacturer Libstar Holdings has raised ZAR3 billion (approximately US$237 million) in its initial public offering on the Johannesburg Stock Exchange. The offering, which priced at ZAR12.50 (approximately US$1) per share, included a ZAR1.5 billion (approximately US$119 million) primary offering and a ZAR1.5 billion… Read More
By Hayley Brady, Senior Associate and Clare Hubert, Associate at Herbert Smith Freehills Introduction Booking your latest holiday? Ordering a pizza? Selecting your new sofa? The chances are you will be using an online platform. The growth of online platforms, as part of the on-demand economy, is on a constant… Read More
Africa-focused mezzanine fund manager Vantage Capital has invested US$8 million in Rosslyn Riviera Shopping Mall, a retail center located in Nairobi, Kenya. Rosslyn Riviera’s tenants include Chandarana Supermarkets, Java House, News Café and Nairobi Hospital. Vantage invested through Vantage Mezzanine III. Read More
Telecom, media and technology-focused venture capital fund manager TLcom Capital has led a US$3.5 million Series A funding round for Kenya-based consumer research company mSurvey. Additional participants in the round include technology-focused impact investment firms Social Capital and Kapor Capital, Africa-focused impact investment holding company Golden Palm and Net Promoter… Read More
Pan-African food and agriculture-focused private equity fund manager EXEO Capital and Norwegian development finance institution Norfund have invested US$17 million in East Africa-based flower producer Marginpar Flower Group Holdings. EXEO Capital invested through Agri-Vie Fund II. The new capital has helped to finance the Marginpar Flower Group’s acquisition of Kenya-based… Read More
Senegal-based classified advertisement platform CoinAfrique has raised EUR2.5 million (approximately US$3 million) in a Series A funding round. Investors in the round include Sub-Saharan Africa-focused impact investment firm Investisseurs & Partenaires, as well as a pool of investors represented by co-investment platform French Partners and Francophone Africa-focused retailer Mercure International. Read More
Africa-focused corporate information platform Asoko Insight has raised US$3.6 million in a Series A funding round from new and existing investors. Previous backers North Base Media, Singularity Investments, CRE Venture Capital and Lateral Capital, as well as new investors LC Partners, Spice Fund, Outlierz Ventures and Zephyr Management, contributed to… Read More
South Africa-based drink manufacturer The Beverage Company, which is backed by Sub-Saharan Africa-focused private equity fund managers Ethos and Nedbank Private Equity, has agreed to acquire SoftBev, a South Africa-based beverage company. Through the acquisition, The Beverage Company will take over production of SoftBev’s original brands, as well as its… Read More
Global technology-focused venture capital firm Trinity Ventures has led a US$70 Million Series B round comprising both equity and debt for emerging markets-focused mobile financial services provider Branch International. Alternative credit provider Victory Park, International Finance Corporation and venture capital investors Andreessen Horowitz and CreditEase FinTech Investment Fund also participated… Read More
Telecom, media and technology-focused venture capital fund manager TLcom Capital has led a US$5 million funding round for Nigeria-based mobile marketing start-up Terragon. TLcom invested through the TIDE Africa Fund, which aims to invest in early- and growth-stage digital enterprises in Africa. Terragon will use the new funds to hire… Read More
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