Tuesday 23 May 2017

Carlyle to Acquire Stake in South African Amrod

Global PE firm Carlyle Group have announced the acquisition of a majority stake in South African Amrod, a supplier of promotional products and clothing, through their USD698m Sub Saharan Africa Fund. The transaction value was not disclosed. The three...

Actis Acquire Minority Stake in Food Lover’s Market

Emerging markets private equity firm Actis have acquired a minority stake in food retail group Food Lover’s Market for ZAR760m (USD54m). The company, with operations in 11 countries in Africa, has over 120 Food Lover’s Market stores and over 200 FreshStop...

Old Mutual Private Equity Acquire Majority Stake in Golf Equipment Retailer

Old Mutual Private Equity have announced the acquisition of a 70% stake in South Africa’s largest golf equipment retailer Morecorp for ZAR300m (USD20.9m) from founder Rhys Hughes and other shareholders. The investment was made through their Fund IV....

Actis Invest in South African Coricraft Group

Emerging markets investor Actis have acquired a significant minority stake in South African Coricraft Group, a home furnishing retailer. Majority shareholder Westbrooke, a local investment group, and management also invested alongside Actis. This...

SIlvertree Capital Invest USD0.8m in Organic E-Commerce Start Up

South African VC firm Silvertree Capital have announced an investment of ZAR10m (USD800,000) for an undisclosed stake in start up online retailer Faithful to Nature. The company, founded in 2007, offers natural and organic food, household, kitchen and...

M-KOPA Solar Raise USD12.45m in Fourth Funding Round

Kenya-incorporated solar light distributor M-KOPA have announced that they have raised USD12.45m in debt and equity in their fourth funding round. This round was led by LGT Venture Philanthropy who first invested in M-KOPA in 2011. Lundin...

Ethos Acquire Controlling Stake in South African AutoZone

PE fund manager Ethos have acquired an undislosed controlling stake in South African AutoZone, a car-parts vendor founded in 1999, from Rand Merchant Bank’s private equity arm RMB Corvest and Zico Capital. Barclays Africa Group provided debt financing for...

DPI Invest in South African Online Retailer

Development Partners International (DIP), through their USD450m ADP II fund, have acquired an undisclosed minority stake in South African online retailer HomeChoice International PLC. The transaction was announced just before HomeChoice’s planned listing...

Actis Acquire 36% Stake in East African Tyre Company

Emerging markets private equity firm Actis have announced the acquisition of a 36% stake in AutoXpress, one of East Africa’s leading tyre wholesale and retails firms, for an undisclosed amount. With the funding, AutoXpress plan to expand their Kenyan...

TBL Mirror Fund Invest in Kenyan Salon Chain

SME fund manager TBL have acquired a minority stake in Neo Amadiva, a new Nairobi beauty salon chain. Amadiva currently has two outlets in the capital, but hopes to use the funding to set up new branches as well as franchise branded stores across the...

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