Five notable African private equity and venture capital exits
We highlight five African private equity and venture capital exits, as featured in our Dealmaker’s Log.
We highlight five African private equity and venture capital exits this year, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising closes. Subscribe to this service here
1. Adenia Capital sells African payments industry player to SPE Capital
Private equity firm Adenia has finalised the sale of its 100% equity stake in OMOA Group to SPE Capital, a private equity firm focused on the Middle East and Africa.
Founded in 1999, OMOA is an integrated service provider for the payments industry in West and Central Francophone Africa. The sale of OMOA is the eighth and final exit from Adenia’s €96 million Adenia Capital III fund, which is now fully liquidated. Read the full article
2. DPI announces close of KELIX bio exit
Development Partners International (DPI) has announced the close of its exit from KELIX bio to Abu Dhabi-based Mubadala Investment Company. According to the firm, the transaction is one of the largest private equity exits and M&A deals in Africa’s pharmaceutical sector over the past 20 years.
DPI created KELIX bio alongside management and co-investors British International Investment and EBRD in 2020. Since then, it has grown rapidly and now exports medicines to over 50 countries across Africa, Latin America, Southeast Asia and the Middle East. Read the full article
3. Old Mutual Alternative Investments finalises Chill and Inhle Beverages exit
Old Mutual Alternative Investments (OMAI) has announced the finalisation of its exit from Chill and Inhle Beverages, a fully-integrated beverages platform.
The company was sold to a consortium comprising Alterra Capital Partners, South Africa’s Mineworkers Investment Company (MIC) and Admaius Capital. Read the full article
4. Egypt: Gulf Capital exits glass manufacturer
Private equity firm Gulf Capital has sold its stake in Egypt-listed Middle East Glass (MEG) to the majority shareholder of the business, MENA Glass Holdings.
Gulf Capital’s growth investment enabled MEG to become the largest glass packaging manufacturer in the Middle East and the second largest in Africa. MEG serves several industries, including food, beverage, and pharmaceuticals and is currently one of the top five exporters in Egypt. Read the full article
5. Ticketmaster acquires Knife Capital portfolio company Quicket
Ticketmaster, the world’s leading ticket marketplace, acquired South Africa’s Quicket, a major player in Africa’s general admission event and festival ticketing.
Quicket is a Knife Capital portfolio company. Knife Capital invested in Quicket in 2017 via its Section 12J VCC: KNF Ventures. Read the full article
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