Monday 03 August 2015

Carlyle Acquire 18% Stake in Nigerian Bank

Global private equity firm Carlyle Group will invest USD147m for an 18% stake in Nigerian Diamond Bank Plc, subject to regulatory approval. This acquisition will be made through the bank’s USD300 rights issue. According to the FT, Carlyle ‘said it was...

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...

Omidyar Network and EchoVC Invest USD1.2m in Nigerian Hotel Booking Website

Omidyar Network and EchoVC’s Pan Africa Fund have teamed up to invest USD1.2m in Hotels.ng, the hotel booking site founded by Mark Essien. The website currently lists more than 7,000 hotels across Nigeria, targeting both business and leisure travelers....

AFIG Acquire Stake in Ghanaian Real Estate Firm

Through their Atlantic Coast Regional Fund (ACRG), AFIG have acquired a stake in Primrose Properties Ghana Ltd (PPG), a real estate development company in Ghana’s capital Accra. PPG develop both residential and commercial properties and have become one of...

ECP Exit NSIA Participations to Amethis and National Bank of Canada

Amethis Finance and National Bank of Canada, an integrated financial services group, have announced the acquisition of ECP’s 26.24% stake (through their Africa Fund III PCC) in Cote d’Ivoire’s NSIA Participations. Amethis will acquire 5.4% of the overall...

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