Five notable African manufacturing deals
We highlight five African manufacturing investments, as featured in our Dealmaker’s Log.
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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: RMB Corvest and Alito Fund 2 acquires stake in Packaging World
RMB Corvest and Alito Fund 2 have partnered to acquire a majority stake in Packaging World, a South African manufacturer of flexible plastic packaging.
Founded in 1995 by Dean Gianni, Packaging World is a supplier of specialised flexible packaging solutions – including reels, bags and pouches – primarily to the FMCG food sector. Read the full article
2. Adenia Partners acquires majority stake in Parkville Pharmaceuticals
Private equity firm Adenia Partners has signed definitive agreements to acquire a majority stake in Parkville Pharmaceuticals from Admaius Capital Partners, alongside Sherif Bassiouny, chairman of Parkville, and Mahmoud Farrag, the company’s CEO.
Parkville is an Egyptian healthcare and pharmaceutical company active in the pharmaceutical, cosmeceutical, and nutraceutical sectors. The transaction is subject to customary closing conditions and regulatory approvals. Financial terms were not disclosed. Read the full article
3. SPE Capital, Amethis in manufacturing deal
A consortium of investors – including SPE Capital, through its SPE PEF III fund, Proparco, and Amethis via its MENA Fund II – has invested in Delta Holdings, an Egypt-based manufacturer of specialty additives for the paint and coatings industry.
The consortium’s investment will support Delta Holdings in broadening its product offering and accelerating its export-oriented initiatives. Read the full article
4. Alterra Capital takes stake in Johannesburg-based 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
5. Aruwa Capital in $1.5m Nigerian safety footwear deal
Aruwa Capital Management has announced a $1.5 million investment in Yikodeen, a Nigeria-based manufacturer of safety and industrial footwear. Aruwa Capital was the sole investor in the round and completed the investment from its sophomore fund, Aruwa Capital Fund II. Read the full article
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