Five African PE and VC moves in February 2025
African PE and VC transactions, as featured in our February 2025 Dealmaker’s Log.
We highlight five African private equity and venture capital transactions, as featured in our February 2025 Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. Helios Fund V secures $75m commitment
The European Investment Bank has announced a $75 million investment in the Helios Fund V, managed by Helios Investment Partners.
The fund will support the growth of companies that help provide digital infrastructure like data centres, fibre-optic networks and telecom towers; tech-enabled business services like cloud services, health tech and logistics tech; and financial services and technology like bank-tech payments or financial management software. It will also support companies that help provide healthcare or education and training. Read the full article
2. Alterra Capital Partners invests in East African travel group
Alterra Capital Partners has made an investment in ARP Africa Travel Group, partnering with the founding family to accelerate expansion across East Africa and beyond.
ARP Africa, which includes Pollman’s Tours and Safaris Limited (Kenya), Ranger Safaris (Tanzania), and ARP Africa Travel (United Kingdom), is a provider of destination management services in East Africa. Established in Tanzania in 1978, the company works with global travel agent partners in fifty countries across five continents, arranging travel experiences for global visitors to East Africa. Read the full article
3. Apis Partners exits financial services company
Apis Growth Fund I, a private equity fund managed by UK-based Apis Partners, has signed binding agreements to sell its full stake in Baobab, an African financial services provider specialising in supporting small and medium-sized enterprises.
The fund’s position in the company is being acquired by Beltone Capital, a fully owned subsidiary of Beltone Holding, a financial services provider listed on the Egyptian Stock Exchange. With the purchase of Apis’ stake, along with those of its co-investor and other selling shareholders, Beltone will secure a majority stake in Baobab. Read the full article
4. AgDevCo receives $85m commitment from DFIs
Africa-focused agribusiness investment firm AgDevCo has received a joint $85 million investment from Swedfund, British International Investment (BII) and Norfund.
The equity investment comprises up to $20 million from Swedfund, $50 million from BII and $15 million from Norfund, with the funding aimed at supporting high-impact agribusinesses to increase productivity and improve food security in rural areas. Read the full article
5. Adiwale Partners invests in West African pineapple juice producer
Adiwale Fund I has made an investment in Jus Délice, a producer of organic pineapple juice and concentrate, based in Togo. This investment will finance a new production line. It will also facilitate the exit of Moringa, a fund established by Edmond de Rothschild and the company’s majority investor since 2018.
Through this transaction, Adiwale Fund I will support Jus Délice’s efforts to meet the growing demand from its international customers, particularly in Europe and North America. Read the full article
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