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.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
A MESSAGE FROM OUR SUPPORTERS
PwC: Technology due diligence is the hidden determinant for M&A success
Deals that overlook technology due diligence risk destroying value before integration even begins. Read more
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. Adenia Partners fund reaches $180m hard cap
Africa-focused investment firm Adenia Partners announced the first close of its Adenia Entrepreneurial Fund I (AEF) at its hard cap of $180 million. This comes less than a year after the launch of the fundraising process with an original target size of $150 million.
AEF is focused on control investments in small and lower mid-cap companies – the largest and most undercapitalised segment of the continent’s private sector. Read the full article
2. Nedbank Private Equity exits Marltons Pet Care
Nedbank Private Equity (NPE), together with a co-investor, has concluded the exit of Marltons Pet Care, a South African pet care brand.
NPE acquired the business in 2019. The investment involved carving Marltons out from a division of a listed company and establishing it as a standalone platform.
The business has been sold to Montego Pet Nutrition, a South African pet food manufacturer. Read the full article
3. RMBV North Africa fund backs food company
RMBV’s North Africa fund has signed a MAD 850 million (about $90 million) investment agreement with Africa Feed & Food (AFF), a Moroccan agro-industrial groups, alongside Proparco.
AFF operates across the grain and poultry value chain. Read the full article
4. BFA’s Kimbo Fund backs Angola mobility start-up Anda
BFA Asset Management, through the Kimbo Fund, has committed $1.2 million to Anda, an Angolan mobility company.
Anda aims to formalise Angola’s vast informal motorcycle taxi market by providing drivers with asset financing through a drive-to-own model. Read the full article
5. Partech leads $9.5m round in Littlefish
Littlefish, a South Africa-based fintech infrastructure company, has closed a $9.5 million Series A round led by Partech, with participation from TLCOM, Flourish Ventures, and Proparco.
Littlefish’s platform sits at the intersection of banking infrastructure and commerce enablement. Its commerce layer consolidates point-of-sale applications, back-office CRMs, merchant portals, payments, and APIs into a unified orchestration layer that integrates directly into POS devices and core banking systems. Littlefish enables banks to offer fintech-grade merchant services at scale while preserving ownership of the merchant relationship. 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