Private Equity |

Smaller deals in focus as big private equity fades in Africa

JOHANNESBURG (Capital Markets in Africa) – A family-owned grocery chain selling lychees and almond milk would have been an unlikely target when giant private equity funds were spending big in Africa. But as times have got tougher for investors, small and midsize businesses like Food Lover’s Market are making up the bulk of deals on the continent. Two years ago, an $8.1 billion investment spree by some of the world’s biggest private equity funds led…

Flint Atlantic invests in Africa Healthcare Network

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Flint Atlantic Capital Partners (Flint Atlantic), a Nigerian based healthcare impact investment firm, has announced an investment into Africa Healthcare Network (AHN), the largest dialysis and kidney care services chain in Rwanda. The investment was made jointly with US-based Polaris Partners (Polaris), a leading global healthcare venture capital firm and will help to fund AHN’s expansion in Rwanda and across Africa over the next two years. AHN operates dialysis units…

Scatec Solar and Norfund sign Power Purchase Agreement for Mozambique’s Solar Plant

Posted on by The Editorial Team

MAPUTO (Capital Markets in Africa) – Scatec Solar and Norfund have signed the Power Purchase Agreement securing the sale of solar power over a 25 year period to the state owned utility Electricidade de Mozambique (EDM). The agreement was signed at a ceremony in Maputo yesterday in the presence of the Norwegian Minister of Foreign Affairs, Mr Børge Brende, the Mozambican Minister of Mineral Resources and Energy, Mrs Letícia Klemens as well as Dr Mateus…

South Africa’s M&R exits infrastructure sector with $23 million sale

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South Africa’s Murray and Roberts (M&R) has sold its infrastructure and building business for 314 million rand ($23 million) as part of its drive to focus on projects for the global natural resources sector, it said on Tuesday. The engineering and construction group said in a statement it sold the business to Firefly Investments, which represents a consortium led by Southern Palace Group of Companies Proprietary Limited, a black-owned…

AfricInvest exits Tunisia’s Cotugrain Hortimag

Posted on by The Editorial Team

TUNIS (Capital Markets in Africa) – AfricInvest, a Pan-African midcap private equity firms, announced that its Maghreb Private Equity Fund II (MPEF II) has successfully sold its 20.06% stake in the Group Cotugrain Hortimag (Cotugrain Hortimag) to a consortium composed of BIAT Capital Risque (the private equity fund of BIAT, a leading private-sector bank in Tunisia) and the company’s owner, Mr. Adel Ghariani. Cotugrain Hortimag is a Tunisia-based leader in the production of seeds, fresh…

EGYPT: QALAA’S to sell 100% stake in DJELFA for $60million

Posted on by The Editorial Team

CAIRO (Capital Markets in Africa) – Qalaa Holdings, an African leader in energy and infrastructure, announced that its subsidiaries ASEC Cement and ASEC Cement Djelfa Offshore have signed a preliminary Share Purchase Framework Agreement (subject to certain terms and conditions) to sell 100% of ASEC Ciment Algérie “AACC” (Djelfa) for consideration of US$ 60 million in DZD equivalent. The acquiring party is a consortium of Algerian investors. AACC has a license to build a 3…

EAIF and Dutch development bank FMO in US$14.7 million loan

Posted on by The Editorial Team

KAMPALA (Capital Markets in Africa) – The Emerging Africa Infrastructure Fund (EAIF) has participated in a syndicate led by the Dutch development bank, FMO, to provide a US$14.7 million loan to enable the construction of a 10MW solar farm in the Tororo area of Eastern Uganda. EAIF has provided 50% of the loan. The Tororo Solar North PV project will serve an area heavily dependent on subsistence farming and with high unemployment. The development includes…

« 1 … 33 34 35 36 37 … 58 »