EMPEA Members log in to receive exclusive access to the detailed report (PDF) and underlying data (Excel). Download the Year-End 2017 Statistics (PDF) » Fundraising highlights from EMPEA’s Year-End 2017 Industry Statistics: The composition of fundraising by strategy has shifted as venture capital, infrastructure and private credit… Read More
Investec Asset Management’s African private equity arm and development finance institutions International Finance Corporation and FMO have completed a follow-on equity investment in Germany-based Mobisol, a provider of off-grid solar home systems in Africa. The follow-on equity investment, along with new debt facilities secured during the last six months, will… Read More
Inspired Evolution Investment Management, an Africa-focused investment manager specializing in clean energy infrastructure and resource efficiency, has agreed to invest up to US$36 million in Alten RE Developments Africa (Alten Africa), the Sub-Saharan Africa-focused subsidiary of developer Alten Energías Renovables. Alten Africa is currently developing construction-ready and advanced projects with… Read More
Global private equity fund manager Advent International has reportedly sold its stake in Brazil-based education company Faculdade da Serra Gaúcha to Brazil-based Cruzeiro do Sul Educacional in a transaction valuing the company at BRL340 million (approximately US$104 million). Advent originally invested in the company in March 2015. Read More
Pan-African private equity fund manager EXEO Capital has invested in South Africa-based aquaculture company TerraSan through Agri-Vie Fund II. With EXEO’s support, TerraSan plans to expand its abalone and mussel production facilities, improve the quality of bulk fishmeal it produces and expand its fish processing business. Financial details of the… Read More
Growth markets investor Actis has agreed to sell its 80 percent stake in Kenya-based project management company Mentor Management to global construction and management consultant Turner & Townsend. Mentor Management’s services include project management, construction management, programming and planning and quality control. Actis originally acquired a controlling stake in the… Read More
Africa-focused alternative investment firms African Infrastructure Investment Managers (AIIM) and Helios Investment Partners have invested US$30 million in Nigeria-based energy services company Starsight Power Utility. Starsight offers solar-diesel-battery hybrid and cooling and lighting solutions to commercial and industrial clients. AIIM invested through African Infrastructure Investment Fund 3 (AIIF3). Read More
Ethiopia-focused fund manager Cepheus Growth Capital Partners has reached a first close for Cepheus Growth Capital Fund with US$51 million in capital commitments. Investors in the fund include development finance institutions CDC, Norfund and the European Investment Bank, family offices and high-net worth individuals. The fund will invest across Ethiopia’s… Read More
African Infrastructure Investment Managers (AIIM) has acquired a minority stake in the Amandi power plant in Ghana from Rontom Trust, a vehicle affiliated with the project founders. The dual-fuel combined cycle power plant achieved financial close in December 2016 and is currently under construction. The project is also owned by… Read More
The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Investec Asset Management, has backed a US$189 million refinancing of Mozambique-based thermoelectric power plant developer Central Termica de Ressano Garcia (CTRG). EAIF provided a B loan totaling… Read More
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