Private Equity |

IFC and banks close $653 mln in funding for Egypt solar plants

CAIRO (Capital Markets in Africa) – International Finance Corporation (IFC), a member of the World Bank Group, on Sunday said it had completed a $653 million debt package to finance building 13 solar power plants near Aswan in Egypt, planned to be part of the largest solar park in the world. Generating up to 752 megawatts of solar power, the Nubian Suns Feed-in-Tariff Financing Program is targeted to provide power to more than 350,000 residents…

RMB Ventures and Investec Asset Management complete largest-ever Botswana private equity transaction

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Kamoso, a Botswana-based retailer, and consumer goods company, was acquired by a consortium that includes Investec Asset Management Private Equity, RMB Ventures, local partners, and Kamoso’s senior management team. The transaction is believed to be Botswana’s largest ever private-equity investment. Kamoso is a leading manufacturer and supplier of consumer goods and healthcare products to retailers in Botswana, South Africa, Zimbabwe, and Zambia. The Company operates from facilities in Botswana…

HelloFresh Targets $1.8 Billion IPO Valuation Amid Food Wars

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – HelloFresh, the meal-kit start-up backed by Rocket Internet SE, is targeting a market valuation of as much as 1.5 billion euros ($1.8 billion) in an initial public offering this week, the company said in a statement Sunday. The company, which sells meal kits in 10 markets and remains unprofitable, set a price range of 9 to 11.50 euros a share. It’s looking to raise 243 million to 311 million euros to…

Spire Rejects Bid From Holder Mediclinic for Rest of Shares

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Spire Healthcare Group Plc rejected a takeover proposal from its biggest shareholder Mediclinic International Plc, saying an offer that values the U.K. private hospital operator at 1.2 billion pounds ($1.6 billion) “significantly undervalues Spire and its prospects.” South Africa’s Mediclinic, which owns almost a third of Spire, approached the company with an offer that valued its shares at 298.6 pence apiece in cash and stock, Spire said in a statement on Monday. That…

Alexander Forbes Weighs Deals Involving 22 African Targets

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Alexander Forbes Group Holdings Limited, a South African provider of retirement, investment and insurance services, said it is sifting through 22 potential targets for deals on the continent as part of an expansion drive to accelerate profit growth. The deals range from small acquisitions and partnerships to “meaningful game changers,” mainly in South Africa, Nigeria, Ghana, Kenya and Morocco, Chief Executive Officer Andrew Darfoor said in an interview at Bloomberg’s Johannesburg offices…

Former Cargill Manager Buys Dutch Cocoa Factory With Partners

Posted on by The Editorial Team

ABIDJAN (Capital Markets in Africa) – Pieter Schulting, a former manager at Cargill Incorporation, and two partners have bought Dutch cocoa processor Jan Schoemaker BV. A deal for the 94-year-old company, the last independent cocoa factory in the Netherlands, was signed in late September, according to Schulting. The partners, Daan Reitsma and Paul Silva da Cruz, are managers at Jan Schoemaker. He didn’t disclose the value of the deal. The new management is now operating the…

Africa’s Contemporary Art Finds a Home in Cape Town Museum

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Overlooking the harbour in Cape Town, the Zeitz Museum of Contemporary Art Africa, known as Zeitz Mocaa, opened last month in a former corn silo complex that was renovated for 500 million rand ($37 million). It displays strictly 21st century works by a range of young and established artists from across the continent, including South Africa’s Simphiwe Ndzube and William Kentridge and Kenyan-born Wangechi Mutu, as well as African-American and Afro-Caribbean pieces….

« 1 … 20 21 22 23 24 … 58 »