Dealmaker's Log | Two IPO exits; XSML final close; $110m for TradeDepot
Happy 2022! We are thrilled to present the year’s first edition of our Dealmaker’s Log that tracks the reported African deals, fundraising closes and exits. December 2021 saw IPO exits from both Mediterrania Capital Partners and Amethis, on the Casablanca and Mauritius exchanges respectively. Nigerian e-commerce company TradeDepot raised a $110 million equity and debt funding round from investors such as IFC, Novastar and Sahel Capital, while XSML – the fund manager active in Central and East Africa – announced the final close of its African Rivers Fund III at $81 million. To learn about these and other transactions, download the December 2021 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.