Five notable West African deals
We highlight five West African investments, as featured in our Dealmaker’s Log.
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We highlight five West African 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. Adiwale Partners in Guinea healthcare deal
Adiwale Fund I, managed by Adiwale Partners, has acquired a minority stake in Clinique Ambroise Paré, a healthcare service provider in Guinea. Clinique Ambroise Paré is one of the largest private clinics in Guinea. It was established in 2000 and serves local patients and international mining companies operating in the country. Read the full article
2. Growth Investment Partners Ghana backs pharmacy player
Growth Investment Partners Ghana – an investment platform established by British International Investment – has made an investment into mPharma Ghana. Founded in 2013, mPharma has become one of Africa’s leading health-tech firms by tackling the persistent challenge of medicine affordability. Read the full article
3. Mediterrania Capital Partners leads €100m co-investment in banking group
Private equity firm Mediterrania Capital Partners has announced a €100 million co-investment in Coris Holding, the second largest banking group in the West African Economic and Monetary Union. This transaction, led by Mediterrania Capital Partners, was executed alongside several European development finance institutions – FMO, British International Investment, BIO from Belgium, and Impact Fund Denmark. Read the full article
4. Nigeria: Goodwell and Alitheia invest in e-waste recycling business
Goodwell Investments and Alitheia Capital, through the uMunthu II fund, have made an investment in Hinckley E-Waste Recycling, a Nigeria-based recycling company. The investment will be used to construct a lithium-ion battery recycling facility and a lead acid battery recycling facility. Both plants will be located in Nigeria’s Ogun State, with plans to collect and recycle up to 30,000 tonnes of e-waste per year and expand Hinckley’s export operations. 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. Yikodeen’s product portfolio includes safety boots, back to school shoes for children, active sportswear shoes and other fashion footwear. Read the full article
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