Private Equity |

Actis Buys Majority Stake in Nigeria’s Sigma Pensions Operator

LAGOS, Nigeria, Capital Markets in Africa — Actis LLP, a private equity investor in emerging markets, today completed an investment of $62 million for a majority stake in Sigma Pensions (“Sigma”), a leading Pension Fund Administrator (“PFA”) in Nigeria. Actis is partnering with Sigma’s founder and Chief Executive Officer, Mr Umaru Modibbo and the current management team. Founded in 2004 and headquartered in Abuja, Sigma was one of Nigeria’s first PFAs and now has over…

Actis, RMB Westport and Paragon sell Nigeria’s Ikeja City Mall to Hyprop and Attacq

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LAGOS, Nigeria, Capital Markets in Africa — Actis, an emerging markets investor, RMB Westport, a notable sub-Saharan Africa real estate investment management and development group and Paragon Holdings, a leading Nigerian investor group today confirm the sale of Ikeja City Mall to South African Real Estate Investment Trust (REIT), Hyprop Investments Limited (Hyprop) and Attacq Limited (Attacq), a JSE-listed real estate capital growth fund. Hyprop acquired a 75% interest in Ikeja City Mall and Attacq…

Lekela Power signs MoU for US$350m wind power station in Egypt, following meeting with President Al-Sisi

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CAIRO, Egypt, Capital Markets in Africa —– Actis controlled Lekela Power, a $1.9bn pan-African renewable power generation company has signed a Memorandum of Understanding with the Egyptian Electricity Transmission Company for a 250 MW wind power station in Egypt’s Gulf of Suez area. Lekela Power is owned 60% by Actis, a leading emerging markets investor and 40% Mainstream Renewable Power, a global wind and solar company. This latest power station is Lekela Power’s third project…

The Abraaj Group acquires majority stakes in Al Kindy and Menara to create the largest private oncology and imaging diagnostics network in Morocco

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Casablanca, Morocco, Capital Markets in Africa — The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, announced the acquisition, through its second generation North Africa Fund, of a majority stake in Centre de Traitement Al Kindy (‘Al Kindy’), Casablanca’s private oncology clinic, and Clinique Spécialisée Menara (‘Menara’), an oncology and imaging diagnostics center in Marrakech. Al Kindy and Menara together form the largest private integrated network of imaging diagnostics and…

Adenia Partners exits Hôtel du Louvre investment and Newpack

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Port Louis, Mauritius, Capital Markers in Africa — Adenia Partners, a private equity firm investing in Sub-Saharan Africa, has exited its investment in Hôtel du Louvre, a flagship business hotel located in Antananarivo, the capital city of Madagascar, to a group of local investors. During the life of this investment, Adenia Partners transformed the formerly 2-star hotel into a 4-star hotel with 78 rooms and a solid international corporate client base. With significant upgrades to…

Bamboo Finance and Louis Dreyfus Holding Launch Impact Investment Fund NISABA, Focusing on Agribusiness in Sub-Saharan Africa

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Lagos, Nigeria, Capital Markets in Africa — Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in developing economies and Louis Dreyfus Holding, which owns a controlling stake in leading global agribusiness Louis Dreyfus Commodities, announced today a partnership to launch and jointly manage NISABA, a US$50 million impact investment fund project with a focus on small- and medium-sized agribusiness enterprises (SMEs) in Sub-Saharan Africa. As project sponsor, Louis Dreyfus Holding…

Mediterrania Capital Partners in Société Meunière Tunisienne acquisiton

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Tunis, Tunisia, Capital Markets in Africa — Mediterrania Capital Partners, the regional Private Equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, announces the acquisition of a 23% stake in Société Meunière Tunisienne through its second fund Mediterrania Capital II (“MC II”). Mediterrania Capital II has acquired a 23% stake in Société Meunière Tunisienne (SMT), a Tunisian company specialising in wheat collection, transformation and distribution. SMT, with its brand “Randa”,…

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