Private Equity |

8 Miles acquires 20% stake in Blue Skies

LONDON (Capital Markets in Africa) – 8 Miles LLP, the pan-African Private Equity firm, today announces an investment in Blue Skies, a UK-incorporated business with operations in several African countries that is the leader in the production of fresh-cut tropical fruit for UK and Western European supermarkets. The investment gives 8 Miles a significant minority stake alongside the founder investors and management team. Financial details of the transaction have not been disclosed. Blue Skies produces…

Private Equity in Africa: Emerging Trends

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Private equity in Africa has come a long way since the early 1990s, which saw development financial institutions (DFIs) investing in government initiated development projects across the continent. The period that followed was characterised by the emergence of a limited number of South African focused PE funds, which over the next decade started to invest more widely across the continent. By 1997, there were 12 private equity funds that…

Investec Asset Management invests in SJL Group

Posted on by The Editorial Team

RABAT (Capital Markets in Africa) – Investec Asset Management (IAM), through its Africa Private Equity capability, has completed the management buy-out of 100% of SJL Group. SJL is the market-leading transport and logistics operator providing fully integrated cross-border services on the Morocco-EU corridor, as well as in Tunisia and domestically in Morocco. Together with its co-investors, DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH and Avanz Capital, IAM is backing an experienced senior management team, led…

Synergy Capital Managers invests in Northstar

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LAGOS (Capital Markets in Africa) – Synergy Private Equity Fund (SPEF) is pleased to announce the completion of its investment in Northstar Finance Services Limited (Northstar), a financial services platform providing solutions across the financial service value chain in select countries across West Africa. Northstar is building a portfolio of assets in key segments of the financial sector with the aim to be the leading personal finance brand in West Africa. The investment in Northstar…

Mediterrania Capital Partners and AfricInvest exit Grupo San Jose & Lopez (SJL)

Posted on by The Editorial Team

RABAT (Capital Markets in Africa) – Mediterrania Capital Partners, a regional private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, and AfricInvest, a leading pan-African SME-focused private equity firm with more than $1bn under management, are together pleased to announce the sale of Grupo San Jose & Lopez (SJL), a logistics and international road freight transport company with operations in the Maghreb and Europe. Under the ownership of Mediterrania…

Private equity a bright light in Africa’s economic future

Posted on by The Editorial Team

Global, 10 April 2017 – New research shows private equity activity in Africa will inject billions of US dollars of sustainable investment over the next five years. Private equity deals in Africa are growing from a low base equivalent to 0.18% of Africa’s GDP in 2016. Every 0.01% increase will mean $200 million more investment and could easily reach $1.1 billion over the next five years. A growth engine: Trends and outcomes of private equity…

Actis exits Edita Food Industries After Four Years

Posted on by The Editorial Team

CAIRO (Capital Markets in Africa) – Actis, a leading growth markets investor, has announced the sale of its remaining 7.5% stake in Edita Food Industries (Edita) to 42 blue-chip international investors from the USA, UK, Germany, South Africa, and the UAE through an accelerated book build on the Egyptian Stock Exchange. Actis originally became a 30% shareholder in 2013, and with this final sale of 7.5% has now fully exited. Edita was founded in 1996…

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