Saturday 01 October 2016

AIIM Announce Exit from Three Toll Roads in South Africa

African Infrastructure Investment Managers (AIIM) have announced the exit from three toll roads in South Africa via competitive bids. The transaction had been made through the South Africa Infrastructure Fund (SAIF) and is reportedly the largest private...

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...

Fusion Capital Announce Exit from Kenyan Athi River Residential Development

Kenyan private equity firm Fusion Capital have announced the exit from their ‘Graceland’ Athi River residential real estate development at a 2x return for their investors. The project had started in 2008 and Fusion Capital had provided the developer with...

Actis to Exit Emerging Markets Payments

Emerging markets private equity investor Actis have announced the sale of their payments business Emerging Markets Payments (EMP) to Dubai-based industry competitor Network International for an alleged USD340m. Actis established EMP in 2010 expanded it...

ECP Exit Continental Reinsurance to Saham Finances

Emerging Capital Partners (ECP) and investment partners have announced their exit from insurance firm Continental Reinsurance (C-Re) Holding Ltd to Moroccan Saham Finances, the insurance arm of Saham Group. With this transaction, Saham will acquire 53.6%...

Actis Complete Globeleq Africa Exit to Norfund, CDC

Back to the LP and founder: Actis have finalised their exit of energy infrastructure firm Globeleq Africa to Norfund and CDC, Norway’s and the UK’s government development finance institutions . The exit had initially been announced in February 2015. For...

AfricInvest Exit Brookhouse Schools to Educas

AfricInvest and coinvestors have announced the sale of their stake in Kenyan Brookhouse Schools to British education investor Educas. AfricInvest had made their investment through their AfricInvest Fund II in 2010. Brookhouse offer the British national...

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’...

Helios Complete Equity Bank Exit with Sale to NSSF

Helios Investment Partners have announced the sale of their final 5.58% stake in Kenyan Equity Bank Group to the National Social Security Fund (NSSF), Kenya’s government-run pension fund. This completes Helios’ exit from the regional banking group: In...

Carlyle Exit First Sub Saharan Africa Investment

Carlyle Group have announced that they will sell their first sub Saharan Africa investment, their minority shareholding in Tanzanian Export Trading Group (ETC) back to the management team and founders. In late 2012, Carlyle had teamed up with the Pembani...

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