Friday 06 May 2016

Vantage Capital Finance Nigerian Landmark Africa with USD20m

South African Vantage Capital have announced an investment of USD20m in Nigerian property developer Landmark Africa. Landmark manage over 130,000 square metres of serviced office space for international and local corporate across the continent, provide...

Ringier Africa Deals Group Acquire Nigerian E-Commerce Site DealDey

Ringier Africa Deals Group have announced the acquisition of DealDey, one of Nigeria’s largest online shopping platforms. DealDey, founded in 2011 by entrepreneur Simdul Shagaya and Investment AB Kinnevik, now has over 1m users, 15,000 active merchants,...

LeapFrog Announce Investment in Ghanaian UT Life Insurance

Emerging markets impact investor LeapFrog Investments have announced the acquisition of a majority stake in Ghana’s UT Life Insurance Company Ltd. UT Life holds a significant market share in funeral and educational savings policies, with currently nine...

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 (...

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