Proparco has committed $15 million to Capitalworks IV, the fourth private equity fund managed by South African investment firm Capitalworks.
Proparco is a meaningful backer of African private capital funds. To see in which funds it has invested, consult our Dealmaker’s Log.
The fund will continue the strategy pursued through Capitalworks’ predecessor funds by investing in established mid-market companies with strong growth prospects, defensible market positions and the potential to scale. Target sectors include fast-moving consumer goods, industrial services, logistics, retail, hospitality and tourism.
“South Africa has one of the continent’s most dynamic private sectors, with mid-sized companies playing a vital role in driving economic growth and job creation. By investing in Capitalworks IV, Proparco is reinforcing its long-term commitment to the region and supporting a local fund manager with the expertise to help promising businesses scale, strengthen their resilience and deliver lasting economic impact,” said Johann Choux, regional director for Southern Africa and the Indian Ocean at Proparco.