The 5 most popular stories on Africa Private Equity News the past week
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
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Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. South Africa: AIIM in cold storage deal
African Infrastructure Investment Managers (AIIM) has acquired a 70% stake in Port Elizabeth Cold Storage (PECS) through its temperature-controlled logistics platform, Commercial Cold Holdings (CCH). The investment is funded by AIIM’s African Infrastructure Investment Fund 4 and the IDEAS Managed Fund.
The acquisition of PECS adds approximately 15,000 pallet positions to the CCH platform, expanding its national footprint by 10% and strengthening its position as the largest cold storage platform on the continent. PECS is strategically located in the Eastern Cape, South Africa’s second-largest citrus-producing region. PECS handles over 200,000 pallets of citrus exports annually – equivalent to about 8% of the country’s total citrus exports. Read the full article
2. Amethis locks in nearly €150m for SME expansion strategy
Amethis has reached the final close of its Amethis Europe Expansion Fund on target at nearly €150 million, including a dedicated co-investment envelope.
The fund – led by Nicolas Manardo and Romain Gauvrit – is designed to support European SMEs expanding their business in Africa, as well as in Europe and the Middle East.
Amethis has already deployed almost half of the fund across five investments. It targets majority and minority investments between €8 million and €20 million. Read the full article
3. AfricInvest takes minority stake in HR group Arrow Holding
AfricInvest has taken a significant minority stake in Arrow Holding, an HR technology and staffing group operating through several subsidiaries across Africa and the Middle East. The investment from AfricInvest Fund IV will support Arrow’s digital transformation strategy and accelerate its expansion within Africa’s growing staffing and outsourcing sector.
Established to address rising demand for workforce management solutions in emerging markets, Arrow has developed into a regional platform offering staffing, payroll, and workforce management services. Through its subsidiaries, the group delivers integrated HR solutions to multinational and government clients, combining local market knowledge with international standards. Read the full article
4. Adenia fund receives investment from European LP
The European Investment Bank (EIB) has made a commitment to the Adenia Entrepreneurial Fund (AEF), subject to the fulfillment of certain conditions. The fund is managed by Adenia Partners.
“Once again, they are leading the way, anchoring the next chapter of our journey and helping us to mobilise further investor support ahead of AEF’s first close, expected in the coming months. This moment marks a renewal of trust that stretches back more than two decades. The EIB was Adenia Partners’ very first institutional investor, anchoring our first fund in 2003 with a bold, early belief in our vision to build sustainable businesses across Africa,” Adenia said in a statement. Read the full article
5. Ventures Platform reaches $64m first close for Pan-African Fund II
Ventures Platform, an Africa-focused seed-stage investment firm, has announced the $64 million first close of its second fund, VP Pan-African Fund II. The fund is targeting a final close of $75 million.
Investors in the fund include the Nigeria Investment in Digital and Creative Enterprises (iDICE) programme, the International Finance Corporation, Standard Bank, British International Investment, Proparco, Egypt’s Micro, Small & Medium Enterprises Development Agency, and AfricaGrow. Read the full article
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