Saturday 21 October 2017

8 Miles Acquire Minority Stake In British Blue Skies

PE fund 8 Miles have announced the acquisition of a minority stake in UK incorporated Blue Skies. Other shareholders include the founder investors and the management team. Financial details were not disclosed. Blue Skies, founded in 1997, is a producer...

Carlyle Become Largest Shareholder in SA’s Global Credit Ratings

Off to an interesting 2017 start: Carlyle Group have acquired an undisclosed stake in South African credit rating agency Global Credit Ratings (GCR). Speaking to the media, Carlyle said the firm would ‘buy around half of the equity in GCR from its...

Carlyle Acquire Majority Stake in CMC Networks

Carlyle Group have announced the acquisition of a majority stake in CMC Networks, a pan-African provider of telecoms connectivity solutions. CMC’s founder and management will invest alongside Carlyle. Details of the transaction were not disclosed. CMC,...

EAIF, FMO Team up for USD14.7m Solar Farm Financing

The Emerging Africa Infrastructure Fund (EAIF) is participating in a syndicate led by Dutch DFI FMO that will provide a USD14.7m loan for the construction of a 10MW solar farm and its connection to the grid near Tororo in Eastern Uganda. EAIF will finance...

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...

Investec Announce Mobisol Investment

Investec Asset Management have acquired a significant stake in Berlin-headquartered Mobisol, a provider of off-grid solar home systems (SHS). Investec will invest alongside Mobisol’s founder-managers, existing shareholders and German development finance...

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...

Adenia Partners Announce Majority Investment in Ivorian Ademat

Adenia Partners have announced the acquisition of a majority stake in Côte d’Ivoire’s Ademat, a local market leader in distributing, installing and maintaining power devices, inverters, and other electrical and IT products. Ademat services corporate...

D.Light Raises USD15m in Series D Equity

D.Light, an East African vendor of solar lights and solar home systems, raised USD15m in Series D equity from KawiSafi Ventures Fund and Energy Access Ventures, NewQuest Capital Partners and Omidyar Network. Additional debt financing came from...

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