Five notable African PE and VC exits

We highlight five African private equity and venture capital exits, as featured in our Dealmaker’s Log.

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We highlight five African private equity and venture capital exits over the past six months, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here

1. Mediterrania Capital Partners winds down Dislog investment

Private equity firm Mediterrania Capital Partners has exited its investment in Dislog, a manufacturer and distributor of fast-moving consumer goods in Morocco.

During Mediterrania Capital’s 4.5-year tenure, Dislog achieved annual revenues of over €332 million – an 89% increase since the private equity firm’s investment in July 2021. Read the full article

2. Oasis Capital exits Mansa Bank Côte d’Ivoire

Oasis Capital, an SME growth investor in West Africa, has announced the exit of its investment in Mansa Bank Côte d'Ivoire. This disposal marks the first full exit of Oasis in the Francophone Africa market and the second of the Oasis Africa Fund I portfolio.

Oasis invested in Mansa Bank in 2021 to strengthen its capital base for operations in Côte d'Ivoire. Read the full article

3. Silverbacks nets 29x return from Lemfi backing

Silverbacks Holdings has exited its stake in Lemfi, marking the firm’s eighth profitable exit since inception.

Lemfi, a remittance and payments company founded in 2021, recently (raised $53 million in Series B funding. It enables diaspora communities to send money to more than 20 cities across Africa and Asia. Read the full article

4. AfricInvest exits payments company

MDP, a Cairo-based payments technology infrastructure group in the Middle East and Africa, has received a strategic investment led by Lorax Capital Partners (LCP). The deal also sees AfricInvest exit its position after several years as an investor.

The new investment is also backed by a consortium of development finance institutions, including the European Bank for Reconstruction and Development, the International Finance Corporation, and Proparco. Read the full article

5. Alitheia Capital and Goodwell sell stake in Baobab Nigeria

Alitheia Capital and Goodwell Investments have announced the first exit of their joint uMunthu Fund: Baobab Nigeria, a financial institution that provides banking services to individuals and MSMEs in underserved areas.

More than 12 years after investing in Baobab Nigeria (first via their GWAMDC fund and later uMunthu), Alitheia and Goodwell have now exited the investment. Read the full article

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