Dealmaker's Log | Adiwale drilling services deal; Kleoss first close; Enko exit

The January issue of our Dealmaker’s Log highlights a strong start to the year for African venture capital and private equity transaction activity. Adiwale Partners acquired a minority stake in IDC, a West African drilling services company; South Africa’s Kleoss Capital reached a first close for its Fund II at about $39.2 million; and Enko Capital Managers exited its investment in Law Union Rock Insurance, a Nigerian mid-size general insurance company. To learn about these and other transactions, download the January 2022 edition.

Dealmaker’s Log is brought to you in partnership with Jersey Finance. To find out more about structuring opportunities through Jersey and the vital role the jurisdiction can play in sourcing overseas capital securely and efficiently, please visit the Jersey Finance website. Examples of how Jersey’s expertise can enable inbound FDI to support African infrastructure and growth, as well as supporting African investors and families with their outbound investment activity, can be found in Jersey Finance’s latest Africa publication. You may also find the recent report, ‘South Africa Fund Managers: Trends in Fund Domiciliation and Capital Raising’, to be of interest.