Private Equity |

Kenyan private equity firm Fanisi Capital launches second fund

NAIROBI (Capital Markets in ) – Kenyan private equity house Fanisi Capital is looking to raise $75-100 million for its second fund to invest in firms in East Africa, it said on Wednesday. Fanisi, which has already invested its first fund worth $50 million in healthcare, food processing and education, said up to $40 million of the new fund will be raised locally. “Several leading pension funds have already committed to putting money into the…

Synergy Capital Managers invests in Ghanaian multiproduct company

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ACCRA (Capital Markets in Africa) – Synergy Capital Managers (Synergy), through its Synergy Private Equity Fund (SPEF), has completed an equity investment in Vester Oil Mill Limited Ghana (Vester), a multiproduct company producing oilseed meals and oilseed crude oils including soybean, palm kernel nut and Copra (dried coconut kernel). Vester is one of the top five seed oil mill operators in Ghana evolving from a small scale processing plant in 2002 to a 50MT daily…

Catalyst Principal Partners acquires stake in Tanzanian pharmaceutical manufacturer

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NAIROBI (Capital Markets in Africa) – Catalyst Principal Partners (Catalyst), a leading East African focused private equity firm, has acquired a controlling stake in Zenufa Laboratories Ltd. in Tanzania. Zenufa is one of the leading pharmaceutical manufacturers in Tanzania with its factory recognised by the Tanzania Food and Drug Administration (TFDA) as being fully compliant with Good Manufacturing Practices (cGMP) conforming with international guidelines and systems that ensure high standards in design, monitoring and control…

Africa Is Still One of the World’s Most Attractive Markets for Private Equity—for Investors Open to New Approaches

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CASABLANCA (Capital Markets in Africa) – Africa remains one of the world’s growth opportunities for private equity investors, even though the market has already surged dramatically over the past decade and several economies face serious challenges. To generate the high returns that investors expect, however, funds should consider more flexible investment strategies and new types of corporate targets. These are among the findings of a new report released today by The Boston Consulting Group (BCG)….

Investec acquires stake in off-grid solar home system company

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JOHANNESBURG (Capital Markets in Africa) – Investec Asset Management, through its Africa Private Equity capability, has acquired a significant shareholding in Mobisol, a leading provider of off-grid solar home systems (SHS) in Africa. Investec Asset Management will partner with Mobisol’s founder management with the aim of accelerating the company’s growth in its existing markets and to support its expansion into new markets in Africa. The Berlin-headquartered company offers low-income African households quality solar home systems…

DPI acquires stake in Général Emballage, an Algerian packaging business

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ALGIERS (Capital Markets in Africa) – Development Partners International (DPI), one of the leading African private equity specialists with US$1.1bn under management, has acquired through its ADP II fund a stake in Général Emballage, the leading packaging business in Algeria, which specialises in the manufacturing and processing of corrugated cardboard. ADP II closed in March 2015, at US$725mn, significantly above its target and is DPI’s second successfully closed fund. Under the agreement, a consortium comprising…

Motsepe’s ARC to Buy 10% Stake in Alexander Forbes Business

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JOHANNESBURG (Capital Markets in Africa) – African Rainbow Capital (Pty) Ltd., chaired by billionaire Patrice Motsepe, agreed to buy 10 percent in the main operating unit of Alexander Forbes Group Holdings Ltd. for 753.5 million rand ($56 million). African Rainbow Capital, known as ARC, will pay 14.69 rand a share for the stake in Alexander Forbes Ltd., which houses the company’s African and international operations, Johannesburg-based Alexander Forbes said in a statement on Thursday. Motsepe,…

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