Five notable African manufacturing deals
We highlight five African manufacturing investments, as featured in our Dealmaker’s Log.
We highlight five African manufacturing investments over the past 12 months, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. South Africa: Kholo Capital and Maia Capital in building materials deal
The Kholo Capital Mezzanine Debt Fund I and Maia Capital Partners provided R250 million (about $14 million) mezzanine debt funding to Catapult Group. The funding is intended to support growth capital expenditure and to refinance a portion of existing senior debt, thereby enhancing cash flow flexibility as the company enters its next growth phase.
Catapult is a South African manufacturer and distributor of specialised building products, with a strong presence in the commercial, industrial, and residential real estate sectors with a 3,000-store retail distribution footprint. Read the full article
2. Amethis backs textile manufacturing group
Amethis, through its pan-African fund Amethis Fund III, acquired a majority stake in the Kazareen Textile Group (KTG).
Founded in 1990 in Egypt, KTG is a vertically-integrated textile manufacturer focused on the B2B segment and generating the majority of its revenues from exports to Africa, Europe, and the GCC in four complementary business lines: apparel, hospitality linens, textile accessories, and knitted fabrics. KTG also distributes branded corporate promotional wear and workwear in Germany, France, Austria and Switzerland. The group, which is headquartered in the UK, has a manufacturing footprint of seven facilities in Egypt as well as operating subsidiaries in Canada, France, and Germany. Read the full article
3. RMB Corvest acquires stakes in Nampak businesses in South Africa, Zambia and Malawi
RMB Corvest, in partnership with Dlondlobala Capital, concluded a successful management buyout of Nampak Liquid Cartons (a division of Nampak Products), Nampak Zambia and Nampak Malawi.
Nampak Liquid Cartons is a separate business division under Nampak Products which manufactures, sells and supplies paper products used to package beverages, including Pure-Pak and Conipak cartons in South Africa. The core operations of the group are in South Africa and Zambia, with Malawi considered a smaller business. The businesses will be acquired by and become part of the newly formed Diversified Liquid Packaging Group and will retain its current operations and staff. Read the full article
4. Adenia Partners completes acquisition of Air Liquide’s African operations
Adenia Partners completed the acquisition of Air Liquide's operations in 12 African countries, giving birth to Erium, pitched as a pan-African leader in industrial and medical gasses.
Effective immediately, Erium will replace the Air Liquide brand in Benin, Burkina Faso, Cameroon, Congo, Côte d’Ivoire, Gabon, Ghana, Madagascar, Mali, the Democratic Republic of Congo, Senegal, and Togo. Read the full article
5. Packaging company secures investment from Agile Capital
South African private equity firm Agile Capital acquired a significant minority share in Berry Astrapak.
Berry Astrapak is a specialised manufacturer of an extensive range of rigid moulded, and thermoformed plastic packaging products serving the African market. The group has manufacturing operations in Gauteng, Western Cape and Kwa-Zulu Natal and focuses on innovation-led growth in plastic packaging. Read the full article