The 5 most popular stories on Africa Private Equity News this week

Here are summaries of the five most widely read stories this week on Africa Private Equity News.

Here are summaries of the five most widely read stories this week on Africa Private Equity News.

1. South Africa: Carlyle exits Amecor

Global investment firm Carlyle has agreed to sell Amecor, a South African designer, manufacturer and distributor of security communication equipment, to ASSA ABLOY Group. The financial details of the transaction were not disclosed.

Through its Carlyle Sub-Saharan Africa Fund (CSSAF), Carlyle acquired Amecor in 2019. Alterra Capital Partners, a private equity firm formed in 2020 by former members of Carlyle’s CSSAF team, became advisor with respect to CSSAF’s investments, including Amecor. Read the full article

2. Joliba Capital fund reaches first close

Joliba Capital, an African private equity firm majority-owned by LBO France, and founded by two African investment professionals – Hamada Touré (managing partner) and Yann Pambou (CEO and managing partner) – has reached the first close of its inaugural fund, Joliba Capital Fund I, at €89 million.

The fund has secured commitments of more than €33 million from DFC and Swedfund as part of a rolling first close.

The fund will principally target investment opportunities across Francophone countries in West and Central Africa to develop a diversified portfolio composed of small and mid-cap regional champions in a wide range of consumer driven sectors, including agribusiness, manufacturing, FMCG, education, healthcare, financial services, and logistics. Read the full article

3. Poultry business raises $9.5m from AgDevCo and IDH Farmfit Fund

Hatch Africa, a poultry business targeting underserved rural households, has secured a combined $9.5 million investment with participation from AgDevCo and IDH Farmfit Fund.

The investment into Flow Equity Africa Ventures (FEAV), the holding company for Hatch’s operations in Kenya, Ghana, and Côte d’Ivoire, will scale Hatch’s business model to millions more smallholder farmer households. Read the full article

4. Sony Innovation Fund announces first Africa investment

Carry1st, an Africa-focused game publisher and digital commerce platform, has received an investment from the Sony Innovation Fund, the venture capital arm of Sony Group Corporation. Carry1st is the inaugural investment out of the Sony Innovation Fund: Africa, which was established by Sony as an initiative to support the growth of entertainment businesses in Africa.

Driven by rapidly increasing technology adoption, Africa’s gaming industry has over 200 million unique players and is set to reach a market size of over $1 billion in 2024, according to data from Newzoo and Carry1st. Read the full article

5. Silk Invest and Kallisto Partners complete integration

Silk Invest and Kallisto Partners have announced the completion of the integration process between the two firms. This milestone marks the final step of a long-term partnership, resulting in Kallisto Partners acquiring a 24.7% stake in Silk Invest.

Silk Invest was founded in 2008 and manages public markets equities and fixed income strategies, and an African private equity fund.

Kallisto Partners is an independent boutique with offices in London and Rome. Read the full article

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