Private Equity |

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

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”,…

Abraaj Group partners with Egyptian education provider Tiba

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Cairo, Egypt, Capital Markets in Africa — The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced a partnership, through its second generation North Africa Fund (‘ANAF II’), with Tiba Group (‘Tiba’ or the ‘Company’), an education service provider in Egypt. Tiba operates across three verticals and through seven educational institutions in Egypt, serving approximately 20,000 students. The Group also announced the formation of an Education Management Company that…

African Guarantee Fund Aquires GARI Fund

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Nairobi, Kenya, Capital Markets in Africa — The African Guarantee Fund for Small and Medium Enterprises (AGF) has today completed its USD 35million acquisition of Guarantee Fund for Private Investments in Africa (GARI). The process that began in April 2014 has been approved by the Central Bank of West African Economic and Monetary Union (WAEMU) and will culminate in AGF’s acquisition of 80.56% of the outstanding shares of GARI. GARI was incorporated as an initiative…

Investisseurs & Partenaires takes minority stakes in Enval and PEG Africa

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — The €54 million I&P Afrique Entrepreneurs (IPAE) fund, managed by Investisseurs & Partenaires, has recently invested, as minority stakeholders, in two companies based in West Africa. Both of them demonstrate the great innovation capacity of African SMEs, as they play a pioneering role in their respective domains of activity. ENVAL LABORATOIRE, located in Ivory Coast, is one of the most important laboratories of physico- chemical and microbiological…

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