Private Equity |

AIIM continues to serve Africa’s growing energy demands through investment in hydro power

Cape Town, South Africa, Capital Markets in Africa — African Infrastructure Investment Managers (AIIM), an African infrastructure equity investment manager, has announced its industrial partnership with Hydroneo Afrique, a wholly-owned subsidiary of MECAMIDI, an established global manufacturer and developer of small and medium hydro power plant equipment, to develop a pipeline of hydro power plants across Africa. The partnership will facilitate the development of a pipeline of small and medium hydro power plants in Cameroon,…

Actis acquires stake in Coricraft group to propel expansion

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Johannesburg, South Africa Capital Markets in Africa — Actis today announced the acquisition of a significant minority stake in Coricraft Group, a South African home furnishings retailer. Actis’ investment affirms the strength of Coricraft Group’s cash value home retail model and will act as a substantial enabler of future growth. The firm is investing alongside majority shareholders Westbrooke a local investment group – and Coricraft Group management. Actis focuses exclusively on investments in emerging markets…

CDC-backed businesses in Africa and Asia create nearly 1.3 million new jobs

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LONDON, United-Kingdom (Capital Markets in Africa) — CDC Group plc, the UK’s government-owned development finance institution, has today announced its 2014 annual results. The organisation, which invests to support the growth of businesses and create jobs in developing countries in Africa and South Asia, made 19 new investment commitments totalling £296.5m and reported a total return after tax of £420.2m (2013: £117.3m). New analysis also showed that CDC-backed businesses contributed to the creation of nearly 1.3…

Africa Private Equity Group raises US$1.4 billion for the African continent

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Dubai, UAE Capital Markets in Africa: The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced the final close of its second dedicated North Africa private equity Fund at US$ 375 million. The new Fund brings the total amount closed by Abraaj for the African continent in 2015 to US$ 1.37 billion, having raised US$ 990 million in April for its third Sub-Saharan Africa Fund. Abraaj North Africa…

Cauris Management sells stake in Eau Technologie Environnement

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Cotonou, Benin, Capital Markets in Africa — Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund manager, confirmed the sale of its stake in Eau Technologie Environnement (ETE) to the Moroccan company “Les Eaux Minérales d’Oulmès” (LEMO). The investment was made in 2007 and the exit represented 3.4x the fund’s initial investment. ETE is a Beninese company bottling and distributing mineral water under the brand name of FIFA Ste…

Nigeria: Helios and Vitol acquire equity stake in Oando’s downstream businesses

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LAGOS, Nigeria (Capitla Markets in Africa) — A consortium comprising Helios Investment Partners (“Helios”, acting on behalf of funds it advises) and The Vitol Group (“Vitol”) (together, the “Consortium”) today announced it has reached an agreement to acquire 60 per cent of the economic rights and 51 per cent of the voting rights in the West African downstream business of Oando Plc, an integrated oil and gas company headquartered in Nigeria, for a sum of…

Buyout Firm Vital Plans $500 Million Africa Fund as Demand Booms

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Accra, Ghana (Capital Markets in Africa) — Private Equity firm Vital Capital Investments LP is planning a $500 million investment fund that will focus on African industries overlooked by competitors. Vital Capital Fund II is weighing opportunities in Mozambique, Tanzania, Rwanda, Angola, Ethiopia, Uganda, Cameroon, Ghana and the Ivory Coast, managing partner Eytan Stibbe said in an interview with Bloomberg Brief Sub-Saharan Africa. The firm’s second Africa-focused fund will make as many as 20 investments…

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