Thursday 05 May 2016

Helios to Acquire Orange’s Stake in Telkom Kenya

Helios Investment Partners and telecoms multinational Orange Group have signed a binding agreement under which Orange would sell their 70% stake in Telkom Kenya to the private equity firm, subject to regulatory approvals. The deal size was not disclosed....

Silvertree Acquire Naspers’ PriceCheck Alongside Founder

Silvertree Internet Holdings acquired PriceCheck, an online price comparison platform, from media firm Naspers together with PriceCheck’s founder Kevin Tucker. Tucker had started the firm in 2006 and sold it to Naspers in 2010. PriceCheck lists over 5m...

With Uganda Investment, Ascent Capital Announce Second Deal

Ascent Capital have announced their second deal, an investment of an undisclosed value, in Ugandan Chims Africa (U), the largest mobile money agent operator in MTN’s mobile money network. The company has 130 outlets across the country and currently has...

Apis Partners Raise USD157m for New Africa/Asia Fintech Fund

Leapfrog, watch out: British private equity firm Apis Partners have announced that they have raised USD157m in commitments for their first fund, the Apis Growth Fund, launched in mid 2014. The fund will focus on fintec investments, i.e. companies...

Investec Make Additional Investment in IHS

South African Investec Asset Management have made an additional private equity investment in tower firm IHS Towers, following their first investment in 2011. The company did not disclose the terms of the deals. Tower firm IHS has been popular with PE and...

Convergence Partners Announce Final Close of ICT Infrastructure Fund

Convergence Partners have announced the final close of their Convergence Partners Communication Infrastructure Fund (CPCIF) at ‘over USD200m’, according to their press release the largest fund dedicated exclusively to ICT infrastructure in sub Saharan...

TBL-Managed Venture Fund Receives Over 200 Applications

SME fund manager TBL Mirror Fund, also managers of the new USD1m Spark Venture Fund set up by Kenya’s largest mobile operator Safaricom, have received more than 200 applications for the first funding round. Start ups will receive between KES7m (USD68,000...

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....

Ethos and Standard Chartered PE Invest in Tower Operator Eaton

Ethos Private Equity and Standard Chartered Private Equity have teamed up for an investment in tower operator Eaton. They join existing shareholders Equity Capital Group Private Markets, the leading shareholder, and Eaton management. Eaton currently have...

Permira Make Africa Entrance with Teraco Investment

European private equity firm Permira Advisors LLP have made their Africa market entry with the acquisition of a controlling stake in South African data centre group Teraco Data Environments. The value of the transaction was not disclosed. Permira’s...

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