Saturday 19 April 2014

TransCentury Exit Rift Valley Railways Investment to Citadel

This ends a few weeks of (probably not very heated) speculation after TransCentury issued their cautionary statement in late January 2014 that they were considering selling their stake in the Kenya-Uganda Rift Valley Railways (RVR): They announced today...

TransCentury to Acquire Kenyan Cable Holdings Stake from Aureos in Share Swap

  Kenyan listed investment firm TransCentury are seeking to consolidate their shareholding in Cable Holdings (Kenya) Ltd (CHK) through a share swap with Aureos East Africa Fund (now owned by Abraaj Capital). CHK controls 68.38% of the voting shares...

Lereko Metier Complete Exit from Medical Device Distributor to Healthcare Group

PE fund manager Lereko Metier have completed their exit from high-tech surgical device distributor Surgical Innovations to healthcare group Ascendis Health. Ascendis acquired the firm for a total of ZAR336m. Surgical Innovations had been founded in 2006,...

LeapFrog Exit Ghanaian Express Life

LeapFrog Investments will exit Express Life Insurance Company (Express Life) in Ghana to British insurer Prudential plc who will acquire 100% of the company for an undisclosed sum. The transaction is Prudential’s first insurance investment in sub Saharan...

AfriCap Exit Cameroon’s La Regionale

After a five-year holding period, AfriCap Microfinance Investment Company (AfriCap), a USD42m Mauritius-incorporated microfinance investment company, announced its exit of La Regionale d’Epargne et de Credit, a financial services company in Cameroon....

Ethos to Exit Alexander Forbes

After a six-year holding period, South African private equity firm Ethos Private Equity is preparing to sell its stake in pension fund manager Alexander Forbes, according to Bloomberg. As South Africa’s oldest buyout firm, Ethos have a proven track...

Abraaj Exit Ghanaian HFC Bank

Emerging-markets private equity investor Abraaj Group have sold their stake in Ghanaian HFC Bank to Caribbean Republic Bank Limited (RepBank). Abraaj’s initial investment in HFC Bank had been made in 2010, with a follow-up investment in 2012. In their...

ADC Exit Banco Nacional de Guinea Equatorial (BANGE)

  ADC African Development Corporation (ADC) have exited their 25% shareholding in Banco Nacional de Guinea Ecuatorial (BANGE) in Equatorial Guinea to co-shareholders in the bank. After a four-year investment period, ADC handed the management of the...

Transcentury Exit Tanzanian Tea Firm to Catalyst

Investment firm TransCentury were keen to streamline their investment portfolio to power and transport infrastructure and engineering, PE fund managers Catalyst Principal Partners saw another Tanzania opportunity: TransCentury sold their entire stake in...

Pearl Capital Partners Exit Africert

Kenyan Business Daily reports that Pearl Capital Partners (PCP have exited their 36% stake in Kenyan Africert through a sale to an undisclosed local buyer. Africert provides agribusiness certification services. According to the news coverage, ‘PCP’s...

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