Private Equity |

Private Equity | Helios scores first for Africa fund with Crown Agents deal

LONDON, Capital Markets in Africa: Helios, the pan-African investment firm, is set to deliver a postcolonial turnround with a deal for key divisions of Crown Agents — a company which was once a pillar of the British empire. The deal for Crown Agents Bank and its sister asset management company, for an undisclosed sum, marks the first time an African-managed fund has won approval from regulators to acquire a UK financial institution. Helios is one…

Private Equity | AfricInvest invests in Outsourcia

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Casablanca, Morocco, Capital Markets in Africa — AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce that its Maghreb Private Equity Fund III has invested in Outsourcia Group (“Outsourcia”), a Moroccan leading contact centre and business process outsourcing (BPO) provider. Through its investment, AfricInvest aims to support Outsourcia in bringing its corporate development initiative, “Acquire and Migrate,” to other regions of Africa, while at the same time reinforcing the strong growth that the…

Private Equity | Synergy Capital invests in Suburban Fiber, Nigeria

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LAGOS, Nigeria, Capital Markets in Africa — Synergy Capital Managers (Synergy) has announced the completion of its investment in Suburban Fiber Company Limited (Suburban), a Next Generation Broadband company focused on delivering home content solutions to retail end customers in Abuja and Lagos. This is the sixth investment from the Synergy Private Equity Fund I (SPEF). Suburban operates an Internet Protocol (IP) Next Generation Network (NGN) which, at its core, takes advantage of the technology…

Private Equity | Africinvest invests in MicroKing Finance Zimbabwe

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Harare, Zimbabwe, Capital Markets in Africa — Microcred Group (Microcred) and AfricInvest Financial Sector Fund (AfricInvest) are pleased to announce they have reached an agreement to acquire a 100% ownership stake in MicroKing Finance (Private) Limited (MicroKing), a leading provider of microfinance products and services in Zimbabwe. The transaction is pending final regulatory approval. Microcred, a leading innovative financial institution focused on financial inclusion in Africa & Asia, and AfricInvest, a pan-African private equity fund manager,…

Infrastructure | The Abraaj Group launches energy development arm dedicated to Global Growth

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London, United Kingdom, Capital Markets in Africa — The Abraaj Group (“Abraaj”), a leading investor operating in global growth markets, today announced the formation of a dedicated project development arm to further extend its investment capabilities in the energy infrastructure space. As a member of The Abraaj Group, Themis Energy (“Themis”) will leverage the Group’s local teams, global network, execution capabilities and existing infrastructure team to originate, develop and manage projects from concept stage to operations….

Private Equity | Agri-Vie founders & STANLIB launches independent Private Equity business

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Johannesburg, South Africa, Capital Markets in Africa — The founders of Agri-Vie Investment Fund, the African private equity fund focused on the food and agribusiness sector, and pan-African asset manager STANLIB, are proud to announce the formation of EXEO Capital – an Africa-focused private equity partnership – which will allow both parties the opportunity to expand their alternative investment offerings. STANLIB has taken a partnership stake in EXEO Capital. Following the success of the first…

Actis agrees to sell Emerging Markets Payments

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CAIRO, Egypt, Capital Markets in Africa — Actis, a leading growth markets investor, today confirmed an agreement to sell Emerging Markets Payments (‘EMP’), the leading Africa and Middle East payments business, to Network International. The transaction is subject to regulatory approvals. Actis established EMP in July 2010 as a ‘buy and build’ platform, to capitalise on increasing demand for payments infrastructure in Africa and the Middle East. EMP today has the broadest footprint of any…

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