Private Equity |

South Africa: Nisela Capital Purchases GENREC for $13million

JOHANNESBURG (Capital Markets in Africa) – Nisela Capital, a private equity and advisory firm based in South Africa, has purchased GENREC Engineering from JSE-listed Murry and Roberts Holdings (an engineering and construction group) for R185 million, (approximately about $13.3 million). Murray & Roberts notes that the transaction with Nisela Capital, is still subject to certain conditions precedent and regulatory approvals. The transaction is not classified as a categorised transaction according to section 9 of the…

Ghanaian microfinance institution attracts investment from Goodwell Investment

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ACCRA (Capital Markets in Africa) – Goodwell Investments, through its fund Goodwell MDC III, has invested in Innovative Microfinance Ltd. (IML), a microfinance institution operating in Northern Ghana. The investment will help IML extend its reach with 5 additional branches in the Northern, the Upper East and the Upper West Regions. IML aims to become the leading microfinance organization supporting micro enterprises in these poor, rural areas, where financial inclusion rates are very low. IML…

Abraaj acquires stake in Sub-Saharan African urea fertiliser manufacturer

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LAGOS (Capital Markets in Africa) – The Abraaj Group (Abraaj or the Group), a leading investor operating in global growth markets, today announced that it has acquired a minority stake in Indorama Fertilizers B.V. (Indorama Fertilizers), the largest urea fertilizer manufacturer in Sub-Saharan Africa, through its Funds. The stake was purchased from Indorama Holdings B.V. Netherlands, a wholly owned subsidiary of Indorama Corporation (Indorama), one of the world’s fastest growing petrochemical companies with operations in…

Kenyan private equity firm Fanisi Capital launches second fund

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NAIROBI (Capital Markets in ) – Kenyan private equity house Fanisi Capital is looking to raise $75-100 million for its second fund to invest in firms in East Africa, it said on Wednesday. Fanisi, which has already invested its first fund worth $50 million in healthcare, food processing and education, said up to $40 million of the new fund will be raised locally. “Several leading pension funds have already committed to putting money into the…

Synergy Capital Managers invests in Ghanaian multiproduct company

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ACCRA (Capital Markets in Africa) – Synergy Capital Managers (Synergy), through its Synergy Private Equity Fund (SPEF), has completed an equity investment in Vester Oil Mill Limited Ghana (Vester), a multiproduct company producing oilseed meals and oilseed crude oils including soybean, palm kernel nut and Copra (dried coconut kernel). Vester is one of the top five seed oil mill operators in Ghana evolving from a small scale processing plant in 2002 to a 50MT daily…

Catalyst Principal Partners acquires stake in Tanzanian pharmaceutical manufacturer

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NAIROBI (Capital Markets in Africa) – Catalyst Principal Partners (Catalyst), a leading East African focused private equity firm, has acquired a controlling stake in Zenufa Laboratories Ltd. in Tanzania. Zenufa is one of the leading pharmaceutical manufacturers in Tanzania with its factory recognised by the Tanzania Food and Drug Administration (TFDA) as being fully compliant with Good Manufacturing Practices (cGMP) conforming with international guidelines and systems that ensure high standards in design, monitoring and control…

Africa Is Still One of the World’s Most Attractive Markets for Private Equity—for Investors Open to New Approaches

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CASABLANCA (Capital Markets in Africa) – Africa remains one of the world’s growth opportunities for private equity investors, even though the market has already surged dramatically over the past decade and several economies face serious challenges. To generate the high returns that investors expect, however, funds should consider more flexible investment strategies and new types of corporate targets. These are among the findings of a new report released today by The Boston Consulting Group (BCG)….

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