Private Equity |

African Guarantee Fund Aquires GARI Fund

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…

Emerging Capital Partners exits Continental Reinsurance Plc

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Lagos, Nigeria, Capital Markets in Africa — Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, along with its investment partners, announces the sale of C-Re Holding Limited (“C-Re Holding”) to Saham Finances S.A (“Saham”), the insurance arm of Saham Group. C-Re Holding holds a 53.6% stake in Continental Reinsurance Plc (“Continental Re”), a private reinsurance company in Africa, excluding South Africa. Under ECP’s ownership, Continental Re has…

AfricInvest to exit investment in Alios Finance S.A.

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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…

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…

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