Five notable African private capital deals from the first half of 2025
We highlight five private capital transactions as featured in our Dealmaker’s Log.
We highlight five African private capital investments 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. Alterra and Phatisa acquire Actis' stake in Java House
Private equity firms Alterra and Phatisa signed agreements to acquire 100% of Java House Africa from emerging-market investor Actis, for an undisclosed sum.
Founded in 1999, Java House has grown into a household name, offering coffee and a diverse menu to customers across Kenya, Uganda, and Rwanda. The company operates a network of almost 100 outlets through brands including Java House, Java Express, 360 Degrees Pizza, Planet Yoghurt, and Kukito. The company also operates a vertically integrated commercial kitchen, coffee roastery, food service and distribution platform, serving over 5.5 million meals per annum and employing over 2,300 people. Read the full article
2. Africa Capitalworks announces education deal
Africa Capitalworks (ACW) has invested in Enko Education.
Founded in 2013, Enko Education is a platform of K-12 (primary and secondary) schools.
ACW’s investment was complemented by a follow-on investment from Adiwale Fund I, an existing shareholder in Enko Education since 2022, further enhancing the shareholders’ commitment to the company’s growth plan. Read the full article
3. AfricInvest backs East African financial group
East African financial services company I&M Group completed a capital raise of KES 4.19 billion (about $32.4 million) from the sale of 86.5 million new ordinary shares to East Africa Growth Holdings (EAGH), a Mauritius-domiciled special purpose vehicle backed AfricInvest, FMO, and Norfund.
With this investment, EAGH increased its shareholding in I&M Group to 15.14%, making it the fourth largest shareholder. Read the full article
4. 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
5. Norfund and Timon Capital leads OmniRetail fundraise
OmniRetail, a consumer goods distribution platform, raised $20 million in Series A equity, led by Norfund and Timon Capital, with participation from Ventures Platform, Aruwa Capital Management, Goodwell Investments (via the uMunthu Fund managed by Alitheia Capital), and Flour Mills of Nigeria.
“This funding marks a major milestone – Norfund’s first direct fintech investment in Africa – and reinforces the global confidence in our mission to reshape informal retail through technology and embedded finance. At OmniRetail, we have built a digitally integrated ‘network of networks’ connecting over 150,000 retailers across Nigeria, Ghana, and Côte d’Ivoire. We provide seamless access to inventory, logistics, and working capital, enabling small businesses to thrive,” the company said in a statement. Read the full article
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