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. Admaius Capital Partners announces exit from Parkville Pharmaceuticals
Admaius Capital Partners, a market-leading pan-African private equity firm, along with Dr. Sherif Bassiouny, Chairman of Parkville Pharmaceuticals, and Dr. Mahmoud Farrag, CEO of Parkville, has signed definitive agreements to sell a majority stake in Parkville to Adenia Partners. The exit comes two years after the investment in Parkville.
Parkville is a leading Egyptian healthcare and pharmaceutical company active in the pharmaceutical, cosmeceutical, and nutraceutical sectors. Read the full article
2. XSML Capital closes African Rivers Fund IV at $142m
XSML Capital, a provider of growth capital to SMEs in African frontier markets, announced the final close of its African Rivers Fund IV fund at $142 million, exceeding its hard cap of $135 million. XSML Capital has local offices in Angola, the Democratic Republic of the Congo (DRC), Kenya, Uganda, and Zambia. Read the full article
3. Adenia exits Moroccan investment
Adenia Partners, together with French development finance institution Proparco, has signed an agreement to sell OCS Group’s operations in Morocco and Senegal to a consortium led by Morocco’s Retail Holding, alongside pan-African investment fund Amethis. Founded as a catering operator in 2009, OCS established itself within a decade as one of the two leading players in the Moroccan market, before diversifying its activities by integrating a comprehensive facility management offering. Read the full article
4. South Africa: Ata Capital in logistics deal
Ata Fund III, managed by Ata Capital, has completed the acquisition of Booksite Proprietary, a specialist third-party logistics and warehousing provider serving South Africa’s publishing and book sectors. Booksite offers a full suite of value-added services from order processing, customer services and warehousing to distribution, credit management, and collections all from a strategically located facility in Cape Town. Read the full article
5. Ghana: Sahel Capital closes investment in cocoa company
Sahel Capital has closed a $2.4 million working capital loan to Kuapa Kokoo Limited (KKL) through its Social Enterprise Fund for Agriculture in Africa (SEFAA). The facility represents a renewal of Sahel Capital’s earlier financing to KKL and will support the company’s increased working capital needs for cocoa procurement. KKL purchases cocoa beans from its farmer members and supplies them to the Ghana Cocoa Board for export to international markets at regulated prices. Read the full article
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