Five African private capital moves in August 2025
A selection of African private capital transactions as featured in our August 2025 Dealmaker’s Log.
We highlight five African private capital transactions, as featured in our August 2025 Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. Alterra Capital takes stake in Cobra Group
Alterra Capital Partners has invested in Cobra Group Holdings, joining the founder and chief executive in backing the company’s expansion in Africa and further afield.
Cobra, which operates through Cobra Projects, Cobra Fire and Cobra Tech, designs and manufactures customised mining support and firefighting vehicles in Africa, and is also a producer of hose reels. Read the full article
2. Mediterrania invests in a unit of Dislog’s health division
Mediterrania Capital Partners has made an investment in Morocco’s Dislog Dispositifs Médicaux (DDM) through a Dh540 million ($59 million) capital increase together with CDG Invest Growth.
DDM aims to become the one-stop-shop for medical device solutions across therapeutic areas – covering everything from equipment procurement and deployment to engineering, technical support, and maintenance services. Read the full article
3. Apis Partners, Crossfin exit South African fintech company
South African banking group Nedbank has entered into a binding agreement to acquire 100% of fintech company iKhokha in an all cash deal for approximately R1.65 billion (about $94 million). The transaction also marks an exit for iKhokha’s long-standing investors – Apis Partners, Crossfin Holdings, and the International Finance Corporation. Read the full article
4. Egypt: PE firm buys majority stake in food business
Private equity firm Ezdehar Management has acquired a majority stake in Egyptian food company Kemet through its Ezdehar Mid-Cap Fund II.
Kemet produces pretzels and other savoury snacks for the domestic market and is seeking to expand its presence in the healthy snacking segment internationally. Read the full article
5. Mauritania: Enko Capital in banking deal
The Enko Capital-Oronte consortium has finalised the 100% acquisition of Société Générale Mauritania (SGM). This follows the granting of regulatory approval by the Central Bank of Mauritania.
This now fully effective transaction marks the exit of the Société Générale Group, SGM’s reference shareholder since 2007. Read the full article
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