Private Equity | Harith, Africa Finance Merge $3.3 Billion Assets to Boost Growth

Private Equity | Harith, Africa Finance Merge $3.3 Billion Assets to Boost Growth

LAGOS, Nigeria, Capital Markets in Africa: Africa Finance Corp. and Harith General Partners Pty Limited. merged their African power assets in a bid to promote growth across the continent. The new entity’s portfolio will be valued at $3.3 billion and have 1.3 gigawatts of capacity in operation and under development, according to a joint e-mailed statement from the development institution and private equity company. The joint venture, which provides energy to 30 million people in 10…

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Private Equity | Injaro invests in Gold Coast Fruits

Private Equity | Injaro invests in Gold Coast Fruits

ACCRA, Ghana, Capital Markets in Africa: Injaro Agricultural Capital Holdings Limited (IACHL), the impact investment fund managed by Injaro Investments, announces an investment in Ghana’s pineapple sector. IACHL, through its Ghanaian subsidiary Injaro Agricultural Venture Capital Limited (IAVCL), has signed an agreement to invest in Gold Coast Fruits Limited (GCF), a Ghanaian pineapple exporter based in Accra. Founded in 2005, GCF is one of Ghana’s leading exporters of ‘Golden Sweet’ (MD2) pineapple with customers in…

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Private Equity | Helios closes sale of HTN Towers to IHS

Private Equity | Helios closes sale of HTN Towers to IHS

London, Capital Markets in Africa: Helios Investment Partners (acting on behalf of Helios Investors, L.P.) and including The Pembani Group, First City Monument Bank and IFC, announced today the completion of the sale of HTN Towers (“HTN”), the pioneer of tower infrastructure sharing in Africa, to IHS Holding Limited, the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East. Founded by Helios in 2006, HTN was the first independent telecom tower company…

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Investment | Helios acquires majority stake in Telkom Kenya

Investment |  Helios acquires majority stake in Telkom Kenya

Nairobi, Kenya, Capital Markets in Africa: UK private equity firm, Helios Investment Partners, today announced the acquisition of a 60% shareholding in Telkom Kenya by Jamhuri Holdings Limited (JHL), a company owned 100% by HeIios Investors III, L.P. (a fund advised by Helios Investment Partners LLP) following receipt of regulatory approval. The transaction also included an increase in the shareholding of the Government of Kenya (GoK) in Telkom Kenya from 30% to 40%. Babatunde Soyoye,…

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Investment | Mediterrania Capital Partners invests in MedTech Group, Morocco

Investment | Mediterrania Capital Partners invests in MedTech Group, Morocco

Casablanca, Morocco, Capital Markets in Africa: Mediterrania Capital Partners, the regional private equity firm focusing on growth investments for companies in North African and sub-Saharan countries, announces the acquisition through its second fund, Mediterrania Capital II, of a stake in MedTech Group, Morocco’s leading IT business system integrator incorporating solutions from corporations such as Oracle, Microsoft, NCR, Alcatel-Lucent, Cisco, EMC and IBM. With 25 years of experience in the IT industry, nowadays MedTech is operating…

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Fund Raising | Actis raises over $500m for new African real estate fund

Fund Raising | Actis raises over $500m for new African real estate fund

LONDON, Capital Markets in Africa: Actis, a leading growth markets investor, is pleased to announce that it has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (“ARE3”) with commitments totalling more than $500m, comfortably exceeding its original $400m target. ARE3 is the largest opportunistic private real estate fund targeting sub-Saharan Africa raised in the market to date. ARE3 has a diverse investor base, including pension funds,…

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Old Mutual Alternative Investments to manage R380mn investment deal

Old Mutual Alternative Investments to manage R380mn investment deal

Johannesburg, South Africa, Capital Markets in Africa: Barnstone Education and the Schools and Education Investment Impact Fund South Africa have announced an additional investment as part of the second phase of the Prestige School project, a multi-million rand deal, which will fund the development and operations of six Prestige College affordable independent schools. This brings the total finance allocated to the project to R380 million. The deal is the latest of its kind for the…

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