Private Equity |

AfricInvest to exit investment in Alios Finance S.A.

Tunis, Tunisia, Capital Markets in Africa — AfricInvest is pleased to announce that its fund AfricInvest Ltd., acting as lead investor, alongside FMO (the Dutch development bank), Finnfund (Finnish Fund for Industrial Cooperation Ltd.), Bank of Africa Group (a pan-African bank majority-owned by BMCE bank of Morocco) and Gras Savoye (a French insurance broker), has completed the sale of its 59.34% equity stake in Alios Finance S.A. to TLG Finance, a holding company controlled by…

Synergy Capital Private Equity Fund closes at US$00 million

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Lagos, Nigeria, Capital Markets in Africa — Synergy Private Equity Fund I (SPEF) LP is pleased to announce the final close of its fund. The fund closed above its initial hard cap of $100m on September 9, 2015 ahead of the first anniversary of its first close, which was on September 12, 2014. Fundraising for SPEF, a Mauritius domiciled fund focused on mid- sized investments in high growth sectors in Nigeria and Ghana commenced in…

Actis announces exit of Globeleq Africa to CDC and Norfund consortium

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London, Capital Markets in Africa — Globeleq, a company owned by Actis, the pan-emerging market investor, has completed the sale and transfer of Globeleq Africa, the power generation platform in Africa, to a company owned by Norfund, the Norwegian investment fund for developing countries and CDC Group (“CDC”), the UK government’s development finance institution. Norfund acquired a significant minority stake (30%) in Globeleq Africa for a final cash consideration of US$227 million. CDC, which…

Injaro invests in Mali’s Seed Sector

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Bamako, Mali, Capital Markets in Africa — Injaro Agricultural Capital Holdings Limited (“IACHL”), the impact investment fund managed by Injaro Investments, announces its second investment in Mali’s agricultural sector. IACHL has signed an agreement to invest in Comptoir 2000 SA (“Comptoir 2000”), an indigenous producer of seeds in Mali. Founded in 1990 as a sole proprietorship, Comptoir 2000 started as a distributor of agro‐inputs such as herbicides and pesticides. Since 2000, the Company decided to expand…

Investisseurs & Partenaires announces investment in SCRIMAD Group

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Madagascar,Capital Markets in Africa —- Investisseurs & Partenaires welcomes a new company in its portfolio IPAE: the agribusiness company SCRIMAD Group, located in Madagascar. This is the third investment of the Fund I&P Afrique Entrepreneurs in Madagascar, after IOT (aquaculture) et ACEP Madagascar (Microfinance). Founded in 1993 and managed by Simon Rakotondrahova, SCRIMAD is specialized in the collect and export of litchi production, among other fruits and spices (vanilla, black pepper, cinnamon, etc.). The partnership with…

Helios Investment Partners Satisfies US$50 Million OPIC’s Loan

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Lagos, Nigeria, Capital Markets in Africa — Helios Investment Partners (“Helios”) has repaid in full a $50 million loan to the Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution. The OPIC loan, which was issued in 2006, helped capitalize Helios Investors, L.P. (the “Fund”) a $305 million growth equity fund that invested across various sectors in sub-Saharan Africa. With a focused investment strategy to build market-leading companies operating in core economic sectors of…

AfricInvest exits investment in Brookhouse

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Tunis, Tunisia, Capital Markets in Africa — AfricInvest, a pan-African SME-focused private equity firm, is pleased to announce that its AfricInvest Fund II, along with other shareholders, has successfully concluded its exit from Brookhouse Schools Ltd (“Brookhouse”) to UK-based Educas LLC in August 2015. Brookhouse is a private school in East Africa, providing British national curriculum co-educational day and boarding programs to pupils aged 2-19. It is based in Karen, Kenya, a suburb of the capital…

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