Africa Private Equity

RMB Ventures and Investec Asset Management complete largest-ever Botswana private equity transaction

JOHANNESBURG (Capital Markets in Africa) – Kamoso, a Botswana-based retailer, and consumer goods company, was acquired by a consortium that includes Investec Asset Management Private Equity, RMB Ventures, local partners, and Kamoso’s senior management team. The transaction is believed to be Botswana’s largest ever private-equity investment. Kamoso is a leading manufacturer and supplier of consumer goods and healthcare products to retailers in Botswana, South Africa, Zimbabwe, and Zambia. The Company operates from facilities in Botswana…

Spire Rejects Bid From Holder Mediclinic for Rest of Shares

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JOHANNESBURG (Capital Markets in Africa) – Spire Healthcare Group Plc rejected a takeover proposal from its biggest shareholder Mediclinic International Plc, saying an offer that values the U.K. private hospital operator at 1.2 billion pounds ($1.6 billion) “significantly undervalues Spire and its prospects.” South Africa’s Mediclinic, which owns almost a third of Spire, approached the company with an offer that valued its shares at 298.6 pence apiece in cash and stock, Spire said in a statement on Monday. That…

Gabon Seeks Private Partnerships to Boost Processing of Minerals

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Libreville (Capital Markets in Africa) – Gabon, Africa’s second-biggest manganese producer, wants to partner with private companies to process most its minerals locally before exporting them, Mining Minister Christian Magnagna said. Local processing will boost the mining industry’s contribution to gross domestic product from the current 2.1 percent to at least 4 percent as the central African nation seeks to make its economy less dependent on oil, Magnagna said in an interview in the capital, Libreville….

Kibo Capital invests in Blowplast Limited

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NAIROBI (Capital Markets in Africa) – Africa-focused private equity fund manager Kibo Capital Partners is backing Blowplast Ltd, a plastic packaging company based in Kenya. As part of the deal, Christoph Evard, who led the deal for Kibo, will take a seat on the company’s board. Financial terms of the deal were not disclosed. The capital will be used to fund Blowpast’s expansion plans for East Africa and beyond. The company, which was founded in…

AfricInvest invests in International Community School, Ghana

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ACCRA (Capital Markets in Africa) – AfricInvest, a leading pan-African mid-cap-focused Private Equity firm, is pleased to announce that its AfricInvest Private Equity Fund III has invested in International Community School Limited (ICS), a leading private K-12 school in Ghana. Through its investment, AfricInvest aims to support the growth of ICS by upgrading its facilities and funding its other expansion plans to re-enforce the success of the school in both its Kumasi and Accra locations….

Catalyst acquires strategic interest in Kensta Group

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NAIROBI (Capital Markets in Africa) – Catalyst Principal Partners LLC (Catalyst) has announced its acquisition of a significant minority interest in Kensta Group (Kensta). Kensta Group is a 52-year-old third generation family business, with headquarters in Kenya and operations in five East African countries. Since inception, Kensta, through its various investments has played a pivotal role in the east African printing and packaging Industry and has been instrumental in changing the face of office automation…

INTO AFRICA March 2017 Edition: Africa’s Lions: Trust in Fundamentals

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LAGOS, Nigeria, Capital Markets in Africa: Welcome to March edition of INTO AFRICA, the publication with fresh insight into Africa’s emerging capital markets. Please download by clicking: INTO AFRICA PUBLICATION: MARCH 2017 EDITION. Recent years have been challenging for Africa: so is the honeymoon over or did the wedding even take place? The oil price crash has had a serious impact on several African countries; the strength of the dollar is causing financing and FX issues; incidences of terrorism…

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