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.
A MESSAGE FROM OUR SUPPORTERS
SAVCA announces new Board Members
SAVCA has announced the appointment of two new Board Members: Janice Johnston and Paula Mokwena. Read more
1. Helios eyes Cairo data centre in deal with Telecom Egypt
Helios Investment Partners has secured preliminary approval from Telecom Egypt’s board for its binding offer to acquire a majority stake – between 75% and 80% – in a new subsidiary that will hold the company’s Regional Data Hub (RDH) assets.
The offer values the RDH business at $230 million on a debt-free, cash-free basis, with the value potentially rising to $260 million depending on the achievement of certain performance targets. Read the full article
2. Vantage Capital exits Moroccan investment
Vantage Capital, an African mezzanine finance fund manager, has exited its investment in Equity Invest, a Moroccan group comprising six companies operating across various segments of the information technology space. The group’s business lines include electronic security, audiovisual multimedia systems, renewable energy, digital payments, e-commerce and hospital management software. Read the full article
3. New Forests invests in South Africa’s Rance Timber
New Forests, a global manager of nature-based assets, has announced that its African Forestry Impact Platform has invested in Rance Timber, a forestry and sawmilling company in South Africa.
Rance, which traces its history back more than a century, manages over 14,000 hectares of pine plantations and operates two sawmills. It supplies a range of timber products to markets in South Africa’s Eastern Cape. Read the full article
4. Aavishkaar Capital backs African spice exporter
Aavishkaar Capital has made its fourth investment in Africa, providing a loan to Horizon Group Africa in partnership with KfW, Germany’s state-owned development bank. The funding comes from the Global Supply Chain Support Fund.
The Horizon Group, founded in Nigeria in 2006, aggregates and processes high-value whole spices such as ginger, turmeric, cloves, cinnamon, cardamom and black pepper through its facilities in Nigeria, Tanzania, and Madagascar supplying markets in the EU, Asia, and the United States. The loan will help the company purchase raw materials and meet growing demand from international buyers. Read the full article
5. Senegal: Adiwale Partners acquires stake in industrial equipment company
Adiwale Fund I, managed by Adiwale Partners, has acquired a minority stake in Codex SA, a Senegalese lifting services provider.
Codex SA operates a large fleet of cranes, forklifts, aerial platforms, and semitrailers. It works with clients in energy, industry and mining, including oil and gas companies, refineries and chemical plants. Read the full article
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe now