The 5 most popular stories on Africa Private Equity News the past week
Here are summaries of the five most widely read stories last week on Africa Private Equity News.
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Here are summaries of the five most widely read stories last week on Africa Private Equity News.
1. Adenia Partners completes acquisition of Air Liquide’s African operations
Adenia Partners has completed the acquisition of Air Liquide's operations in 12 African countries, giving birth to Erium, pitched as a pan-African leader in industrial and medical gasses.
Effective immediately, Erium will replace the Air Liquide brand in Benin, Burkina Faso, Cameroon, Congo, Côte d’Ivoire, Gabon, Ghana, Madagascar, Mali, the Democratic Republic of Congo, Senegal, and Togo.
The acquisition, which was first announced in March, formally closed on 22 July. Read the full article
2. DPI, Apis, IFC, others in $157.5m Egypt deal
Egyptian fintech company MNT-Halan has raised a total of $157.5 million – $40 million from the International Finance Corporation (IFC) and the remainder from Development Partners International (DPI), Lorax Capital Partners, Apis Partners, Lunate, and GB Corp.
The current round follows raises of $400 million in January 2023 and $120 million in September 2021. Read the full article
3. Sango Capital acquires LP interests in Synergy Private Equity fund
Sango Capital has acquired a majority of the limited partner interests in the Synergy Private Equity fund. Synergy Capital Managers will continue as the general partner of the fund, whilst Sango will support the GP in value creation and liquidity initiatives.
Synergy Capital Managers has investments in Nigeria and Ghana. Read the full article
4. Ticketmaster acquires Knife Capital portfolio company Quicket
Ticketmaster, the world’s leading ticket marketplace, is acquiring South Africa’s Quicket, a major player in Africa’s general admission event and festival ticketing.
Quicket is a Knife Capital portfolio company. Knife Capital invested in Quicket in 2017 via its Section 12J VCC: KNF Ventures. Read the full article
5. Kuramo Capital to manage Nigeria Wholesale Impact Investment Fund
The Impact Investors Foundation (IIF) has announced the appointment of Kuramo Capital Management as the official fund manager for the Nigeria Wholesale Impact Investment Fund (WIIF).
Kuramo Capital Management will leverage its expertise to drive the WIIF’s mission of fostering social and environmental impact alongside financial returns. The fund aims to address critical issues such as poverty alleviation, job creation, and sustainable economic growth through targeted investments in key sectors including agriculture, renewable energy, healthcare, and education. Read the full article
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