African Private Equity

The Abraaj Group agrees to acquire significant stake in Algeria’s CEPRO

Dubai, UAE, Capital Markets in Africa — The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced the acquisition, through its second generation North Africa Fund (‘ANAF II’), of a significant minority stake in Cellulose Processing (‘CEPRO’ or the ‘Company’), a manufacturer and distributor of baby diapers and feminine sanitary pads in Algeria. Founded in 2003 by Djamel Mehri of the Mehri Family – a prominent diversified family conglomerate…

IFC invests in Hygeia Nigeria Limited

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Lagos, Nigeria, Capital Markets in Africa — IFC, a member of the World Bank Group; together with IFHA-II Cooperatief, a private equity fund focused on investing in the healthcare sector in Sub-Saharan Africa; Swiss Re, the reinsurance company; and CIEL Healthcare Africa Limited, a pan-African healthcare company, today announced an investment of $66.8 million in Hygeia Nigeria Limited, Nigeria’s leading private healthcare company. The new investment aims to improve healthcare infrastructure and increase access to quality…

IFC Invests in Egypt-based Sphinx Glass to Boost Manufacturing Sector

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Cairo, Egypt, Capital Markets in Africa — The International Finance Corporation (IFC), a member of the World Bank Group, is investing in a 20 percent equity stake in Egypt-based Sphinx Glass, to boost the glass manufacturing sector in the region, support the company’s expansion, and spur job creation and growth. Sphinx Glass is a subsidiary of Saudi-based Construction Products Holding Company (CPC). The IFC investment will enable Sphinx Glass to optimize production, improve its energy…

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…

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”,…

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…

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…

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