Tuesday 23 May 2017

Abraaj Acquire Minority Stake in Fertiliser Company

Emerging markets private equity firm Abraaj have announced the acquisition of a minority stake in Indorama Fertilizers B.V., the largest urea fertilizer manufacturer in Sub-Saharan Africa, for an undisclosed amount. The stake was purchased from Indorama...

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...

8 Miles, Consortium Invest USD80m in Minority Stake in Nigerian Beloxxi

PE fund manager 8 Miles have teamed up with, amongst others, Nigerian African Capital Alliance and German DFI DEG to acquire a minority stake in Nigerian biscuit manufacturer for USD80m. The funding will enable Beloxxi to expand its domestic production...

Duet Team up With AMCON for Distressed Assets Fund

British private equity group Duet have reportedly signed an public private partnership agreement with the Asset Management Corporation of Nigeria (AMCON) to set up a fund for investments in turnaround or distressed assets in Nigeria’s fast...

Ethos Announce Brandcorp Exit to Bidvest Group

South African private equity firm Ethos have announced the planned exit of their 59% stake in luggage and hardware Brandcorp to Bidvest Group, a listed services, trading, and distribution group. The amount was not disclosed. Ethos had acquired...

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...

AfricInvest Aquire Stake in Silafrica Plastics and Packaging

AfricInvest have announced the acquisition of an undisclosed stake in Tanzanian Silafrica Plastics and Packaging International Ltd, an East Africa plastics and packaging group previously wholly owned by Sumaria Group. The company had been founded in the...

Old Mutual Acquire Minority Stake in Food Producer In2Food

Old Mutual Private Equity have acquired a ‘significant minority stake’ in In2Food, a South African manufacturer of ready-made meals and snacks, for a value between ZAR200m-ZAR600m – Old Mutual cited confidentiality agreements that prevented the company...

54 Capital Announce New Ethiopia Investment in Pharmaceuticals Firm

54 Capital have announced a USD30m investment in Addis Pharmaceutical Factory (APF), with the option to invest another USD12m. The company is headquartered in Adigrat, in the north of the country, and has factories in both Adigrat and Addis Ababa. It...

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’...

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