Sunday 11 December 2016

Catalyst Announce Pharmacy Exit to LeapFrog

East Africa private equity fund manager Catalyst Principal Partners have announced their exit from Goodlife Pharmacies (Mimosa Pharmacies) to LeapFrog Investments for an undisclosed amount. Catalyst and Africa Chemist and Beauty Care (ACBC) had acquired a...

EAIF, FMO Team up for USD14.7m Solar Farm Financing

The Emerging Africa Infrastructure Fund (EAIF) is participating in a syndicate led by Dutch DFI FMO that will provide a USD14.7m loan for the construction of a 10MW solar farm and its connection to the grid near Tororo in Eastern Uganda. EAIF will finance...

EAVCA’s Executive Director Joins ECP

Nonnie Wanjihia Burbidge, who has served as the executive director of the East Africa Private Equity and Venture Capital Association (EAVCA), will leave the organisation at the end of October 2016. She joins private equity firm Emerging Capital Partners...

Fanisi Launch Second SME Fund With IFC Backing

East Africa SME PE fund managers Fanisi Capital have announced the launch of their second fund, Fanisi Capital Fund II LLC, targeting a fund size of USD75m to USD100m, up to double the amount of their first, USD50m fund.  Fanisi plan to raise USD30m...

Catalyst Capital Partners Acquire Stake in Tanzanian Pharma Manufacturer

Catalyst Capital Partners have announced the acquisition of a controlling stake in Tanzanian Zenufa Laboratories, one of the leading pharmaceuticals manufacturers, for an undisclosed amount. Zenufa produces over the counter and prescription medications...

OPIC to Open Nairobi Office

The US Overseas Private Investment Corporation (OPIC) will open an office in Kenya’s capital Nairobi to serve the East African region. This will be OPIC’s third office in sub Saharan Africa, adding to their presence in South Africa and Côte d’Ivoire....

Adenia Partners Announce Majority Investment in Ivorian Ademat

Adenia Partners have announced the acquisition of a majority stake in Côte d’Ivoire’s Ademat, a local market leader in distributing, installing and maintaining power devices, inverters, and other electrical and IT products. Ademat services corporate...

D.Light Raises USD15m in Series D Equity

D.Light, an East African vendor of solar lights and solar home systems, raised USD15m in Series D equity from KawiSafi Ventures Fund and Energy Access Ventures, NewQuest Capital Partners and Omidyar Network. Additional debt financing came from...

Helios, ResponsAbility Team up for USD18m Investment in Off Grid Electric

PE firm Helios Investment Partners have teamed up with impact investors ResponsAibility to invest USD18m in Tanzania incorporated Off Grid Electric. Helios will commit USD10m for an undisclosed stake, and ResponsAbility are leading a group of lenders to...

Catalyst Add to Manufacturing Portfolio with Orbit Investment

Kenyan Catalyst Principal Partners have announced the acquisition of an undisclosed stake in Kenyan Orbit Chemical Industries, a family-owned business founded in 1972 as a trader of chemicals. Today, the company provides domestic and commercial cleaning...

Pages