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.

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

1. Adenia secures $470m for latest Africa PE fund

Adenia Partners, a private equity firm focused on growth opportunities in Africa, has closed its fifth fund, Adenia Capital V (or Fund V) at its $470 million hard cap. The fund, which was oversubscribed, attracted commitments from new and existing investors globally.

Fund V is sector-agnostic with financial services, renewable energy, consumer goods, telecommunications, healthcare, education, business services, light manufacturing, and specialty distribution as areas of particular focus. Read the full article

2. South Africa: Medu Capital acquires majority stake in Optron Group

The Medu IV fund, managed by Medu Capital, has acquired a majority stake in South Africa-based Optron Group, a distributor and integrator of technology brands.

Optron Group specialises in providing products and services that blend the physical and digital realms, offering solutions in positioning, modelling, connectivity, and data analytics. Read the full article

3. Japan’s Nissui invests in two Amethis funds

Nissui Europe, a subsidiary of Japanese seafood company Nissui Corporation, has invested in two private equity funds managed by Amethis.

Both funds aim to invest across various sectors, including agriculture and food, targeting African mid-cap companies and European SMEs with significant international development potential, particularly in Africa. Read the full article

4. RMB Corvest in deal with packaging giant Nampak

Johannesburg Stock Exchange-listed packaging group Nampak has entered into an agreement to sell its liquid cartons business in South Africa, along with shares in Nampak Zambia and Nampak Malawi, to a consortium involving private equity group RMB Corvest and Dlondlobala Capital.

The disposal is for a consideration of R450 million (c. $24 million). Read the full article

5. Injaro subsidiary invests in Samsung distributor

Investment Capital Partners (ICP), a subsidiary of Injaro Investments, has completed its first investment in Cabo Verde through the Pro Impacto Fund. The investment was made in M&J Tech, which was founded in 2018 by two young Cabo Verdeans, with a vision of becoming the preferred supplier of consumer electronic and home white goods. The company is a licensed distributor of Samsung products in the country.

Jacqueline Carvalho, the director of M&J Tech stated, "We are happy about the possibilities this collaboration brings. With Injaro's experience in nurturing small businesses such as ours, we are confident that we will be up to the challenge of distributing through the nine islands of our country and also have a footprint in a couple of West African countries close to us." Read the full article

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