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. SPE Capital, Amethis in manufacturing deal
A consortium of investors – including SPE Capital, through its SPE PEF III fund, Proparco, and Amethis via its MENA Fund II – has invested in Delta Holdings, an Egypt-based manufacturer of specialty additives for the paint and coatings industry. Read the full article
2. Kenya: Actis to exit real estate business
Actis is set to exit its investment in Kenyan real-estate developer Mi Vida Homes after signing a share-purchase agreement for a management-led buyout of the business. Mi Vida was created in 2018 as a green affordable and mid-market housing developer. Read the full article
3. CFM’s Climate Investor Two fund closes at over $1bn
Climate Fund Managers announced the final close of its second blended finance facility, Climate Investor Two (CI2), at $1.065 billion. With new commitments of $190 million plus a €205 million EFSD+ guarantee from the European Union, CI2 surpassed its initial $1 billion target.
The fund blends public and private capital to invest in and co-develop water, waste and oceans infrastructure in emerging markets, including low-income countries, across Africa, Asia and Latin America. Read the full article
4. South Africa: Agile Capital exits to Bidvest
South African private equity firm Agile Capital, alongside existing shareholders, will be exiting Aquatico to Bidvest.
Aquatico is an environmental monitoring, testing and reporting group which services a range of sectors, with a key focus in mining. Its services include the sampling and analysing of water from mining operations, groundwater, dams, and other sources. Read the full article
5. Africa Lighthouse Capital in Botswana financial services deal
Africa Lighthouse Capital, a Botswana-based private equity firm, has acquired a significant minority equity stake in Bayport Financial Services Botswana.
The business is a regulated microfinance provider serving government and other wage-earning employees in Botswana. Read the full article
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