Private Equity |

South Africa’s Key growth areas for Private Equity in 2017

JOHANNESBURG (Capital Markets in Africa) – With the International Monetary Fund predicting 0.8% GDP growth for South Africa in 2017, it is clear that there is a critical need to find an effective model outside of the public and listed company sectors to fund the projects required to stimulate growth. According to Paul Boynton, CEO of Old Mutual Alternative Investments, one of the most underutilised opportunities to drive economic growth in South Africa is through…

Futuregrowth invests R300m in South Africa’s SA Taxi

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JOHANNESBURG (Capital Markets in Africa) – SA Taxi today announced that it has secured R300-million in funding from Futuregrowth Asset Management, which will be used to provide financing to the company’s Zebra Cabs owner-driver scheme. SA Taxi, South Africa’s largest financier of minibus taxis, acquired Zebra Cabs metered taxis in 2015 as the certified developmental credit provider sought to expand its business activities into relevant adjacent markets. Mark Herskovits, SA Taxi Capital Markets Director, explains…

LeapFrog secures a majority stake in GoodLife Pharmacy, Kenya

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NAIROBI (Capital Markets in Africa) – LeapFrog Investments, a leading specialist investor in emerging markets, today announced its acquisition of a US$22mn majority stake in Kenya’s GoodLife Pharmacy, the largest direct investment in the East African retail pharmacy sector to date. LeapFrog will now build on its financial services specialism by diversifying its private equity investments into a closely linked sector – healthcare. This will develop a platform that combines both payers and providers, thereby…

Catalyst Principal Partners sells GoodLife Pharmacy, Kenya

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NAIROBI (Capital Markets in Africa) – East Africa focused private equity firm Catalyst Principal Partners (Catalyst) has announced its exit from pharmaceutical retailer Goodlife Pharmacy where it held a controlling stake. Catalyst sold its stake to LeapFrog Investments, a private equity investment company focusing on investments for emerging consumers in Africa and Asia. Catalyst, along with strategic partners Africa Chemist and Beauty Care and a seasoned management team, acquired a controlling stake in Mimosa Pharmacy…

Smaller deals in focus as big private equity fades in Africa

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JOHANNESBURG (Capital Markets in Africa) – A family-owned grocery chain selling lychees and almond milk would have been an unlikely target when giant private equity funds were spending big in Africa. But as times have got tougher for investors, small and midsize businesses like Food Lover’s Market are making up the bulk of deals on the continent. Two years ago, an $8.1 billion investment spree by some of the world’s biggest private equity funds led…

Flint Atlantic invests in Africa Healthcare Network

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LAGOS (Capital Markets in Africa) – Flint Atlantic Capital Partners (Flint Atlantic), a Nigerian based healthcare impact investment firm, has announced an investment into Africa Healthcare Network (AHN), the largest dialysis and kidney care services chain in Rwanda. The investment was made jointly with US-based Polaris Partners (Polaris), a leading global healthcare venture capital firm and will help to fund AHN’s expansion in Rwanda and across Africa over the next two years. AHN operates dialysis units…

Scatec Solar and Norfund sign Power Purchase Agreement for Mozambique’s Solar Plant

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MAPUTO (Capital Markets in Africa) – Scatec Solar and Norfund have signed the Power Purchase Agreement securing the sale of solar power over a 25 year period to the state owned utility Electricidade de Mozambique (EDM). The agreement was signed at a ceremony in Maputo yesterday in the presence of the Norwegian Minister of Foreign Affairs, Mr Børge Brende, the Mozambican Minister of Mineral Resources and Energy, Mrs Letícia Klemens as well as Dr Mateus…

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