Sunday 07 February 2016

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...

ECP Complete NSIA Exit to Amethis and National Bank of Canada

First announced in March 2015, ECP’s exist from West and Central African banking group Nouvelle Societé Interafricaine d’Assurance Participations SA (NSIA) to Amethis Finance and National Bank of Canada has been completed. For National Bank, this is the...

Actis Exit Nigerian Mouka to Abraaj Group

Two of the emerging markets PE investors trading amongst themselves: Abraaj Group have announced the acquisition of a majority stake in Nigerian mattress manufacturer Mouka from the founding family, UK PE firm Actis and other shareholders for an...

Abraaj Complete UAP Exit to Old Mutual

Emerging markets investor Abraaj Group have completed their exit of Kenyan UAP Holdings Ltd by selling the 13.6% stake to international insurance group Old Mutual. In 2015, Abraaj and their co-investors AfricInvest and Swedfund had agreed to sell their 37...

Kagiso Tiso Holdings Acquire 51% Stake in Servest Group from RMB Corvest

Investment firm Kagiso Tiso Holdings (KTH) have announced the acquisition of a 51% stake in Servest Group from RMB Corvest who had initially invested in the company in 2006. The transaction values the group at ZAR4.5bn. Servest provide integrated...

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