Tuesday 09 February 2016

TLcom Capital Hire Omobola Johnston to Head New Lagos Office

VC firm TLcom have announced the appointment of Omobola Johnson as general partner. She will also open and head their new Lagos office, after Nairobi the company’s second Africa office. Johnson served as Nigeria’s Minister of Communications from 2011 to...

Synergy Announce Final Close of SPEF at Over USD100m

Synergy have announced the final close of their Synergy Private Equity Fund (SPEF) I at above USD100m. When the fund manager started fundraising for their Nigeria/Ghana fund two years ago, they had aimed to raise USD75m. Among the twelve backers of the...

Cauris Exit Benin Bottling Company to Moroccan Firm

Cauris Management have announced the sale of their stake in Beninese mineral water bottling and distribution company Eau Technologie Environnement (ETE), trading under the brand name FIFA Ste Luce, to a strategic investor, Moroccan Les Eaux Minérales d’...

Amethis-Led Consortium Invests in Nigerian Manufacturer

Amethis, in a consortium with EuroMena Fund III and others, have extended a convertible loan, with the aim to convert it into a minority equity investment, to Nigerian Elephant Africa Holdings. Elephant is a holding company that owns 100% of Bel Papyrus...

KTH Announce Healthcare Deal in Nigeria

South African Kagiso Tiso Holdings (KTH) have announced the acquisition of a ‘substantial shareholding’ in Nigerian Me Cure Healthcare Ltd, a healthcare diagnostics company. Me Cure, founded in 2009, provides diagnostic, eye care and dental services. It...

ECP Complete NSIA Exit to Amethis and National Bank of Canada

First announced in March 2015, ECP’s exist from West and Central African banking group Nouvelle Societé Interafricaine d’Assurance Participations SA (NSIA) to Amethis Finance and National Bank of Canada has been completed. For National Bank, this is the...

Injaro Invests in Ghanaian Animal Feeds Producer

Impact investor Injaro Agricultural Capital Holdings (IACHL) have announced an investment in Ghana’s Agricare, a Ghanaian animal feeds producer in Kumasi. The investment was made through Injaro’s local subsidiary, Injaro Agricultural Venture Capital Ltd (...

Actis Exit Nigerian Mouka to Abraaj Group

Two of the emerging markets PE investors trading amongst themselves: Abraaj Group have announced the acquisition of a majority stake in Nigerian mattress manufacturer Mouka from the founding family, UK PE firm Actis and other shareholders for an...

Helios, Vitol Team up Again for USD276m Investment in Nigerian Oando

PE fund manager Helios Investments Partners have teamed up with global oil trader Vitol to acquire a majority stake in Oando, Nigeria,’s second largest fuel distributor. Oando will be paid USD76m and USD184.5m in preference shares in the new vehicle that...

Former Central Bank of Nigeria Governor Sanusi to Chair Blackstone Development Company

Blackstone and Black Rhino have announced the appointment of Lamido Sanusi, the former governor of the Central Bank of Nigeria, as the chairman of Black Rhino. Infrastructure development firm Black Rhino was set up in early 2014 and fund manager...

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