Five African private capital moves in June 2026

A selection of African private capital transactions, as featured in our June 2026 Dealmaker’s Log.

Nairobi, Kenya

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We highlight five African private capital transactions, as featured in our June 2026 Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. View the latest issue here

1. Carlyle and Old Mutual Private Equity exit Tiger Wheel & Tyre

Carlyle, advised by Alterra Capital Partners, and in partnership with Old Mutual Private Equity, has announced an agreement to sell TiAuto Investments to Japan’s Marubeni Corporation. TiAuto is a retailer and wholesaler of tyres, wheels, batteries and automotive products, operating through its Tiger Wheel & Tyre and Tyres & More stores.

2. Adenia buys majority stake in Minet from Capitalworks

Adenia Partners, a private equity firm focused on growth opportunities in Africa, has acquired a majority stake in Minet Group, one of Africa’s largest independent insurance brokerage and risk advisory firms. The stake was acquired from Capitalworks.

3. TLG Capital fund reaches $120m second close

TLG Capital has announced the $120 million second close of its TLG Africa Growth Impact Fund II. The second close is led by Proparco and Calvert Impact Capital, a subsidiary of US-based impact investing firm Calvert Impact, alongside six additional new investors and increased allocations from several first-close backers.

4. Morocco: IMG Capital takes minority stake in Avis Locafinance Group

IMG Capital, through its fund IMG Fund I, has announced a minority investment in Morocco’s Avis Locafinance Group. Founded in 1961, Avis Locafinance Group has evolved from a car rental operator into an integrated mobility platform, combining short-term rental services under the Avis brand, long-term full-service leasing for corporates through the Locafinance brand, and vehicle maintenance and repair services via Fleet Services Management.

5. Aruwa Capital makes follow-on investment in Nigerian footwear company

Aruwa Capital Management has announced a follow-on investment into Yikodeen, a Nigerian manufacturer of industrial safety footwear. Aruwa was the sole investor in the round and completed the investment from its sophomore fund, Aruwa Capital Fund II.

Access the Dealmaker’s Log June 2026 below: (only for paid subscribers)