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. Mediterrania Capital Partners announces full exit from healthcare group
Private equity firm Mediterrania Capital Partners, through its MC III fund, has exited its investment in healthcare group Akdital.
Mediterrania invested in Akdital in March 2020. Since then, the company has grown to become one of the leading private healthcare groups in Morocco, offering advanced medical services through a network of multidisciplinary hospitals across major cities. Read the full article
2. TLG Capital fund reaches first close
TLG Capital has announced the first close of its new private credit fund, TLG Africa Growth Impact Fund II (AGIF II), with $75 million raised.
The International Finance Corporation is anchoring the AGIF II fund with a commitment of up to $20 million. It is also backed by Swedfund, Norfund, Bpifrance, and the UK Foreign, Commonwealth & Development Office through its Manufacturing Africa programme. Read the full article
3. Aruwa Capital Management raises $35m at second close
Lagos-based Aruwa Capital Management has raised 90% towards its $40 million target for its second fund, Aruwa Capital Fund II. The fund will back high-growth businesses in Nigeria and Ghana.
This milestone surpasses the total fund size of Aruwa Capital Fund I which closed in 2022 at just over $20 million. Fund II has secured investment from returning LPs such as the Mastercard Foundation Africa Growth Fund, Visa Foundation, global family offices, and high-net-worth individuals, as well as new LPs including Bank of Industry – Nigeria’s oldest and largest development finance institution – and international investors such as British International Investment, and EDFI Management Company, through its European Union-funded Electrification Financing Initiative. Read the full article
4. Norfund and Timon Capital leads OmniRetail fundraise
OmniRetail, a consumer goods distribution platform, has raised $20 million in Series A equity, led by Norfund and Timon Capital, with participation from Ventures Platform, Aruwa Capital Management, Goodwell Investments (via the uMunthu Fund managed by Alitheia Capital), and Flour Mills of Nigeria.
"This funding marks a major milestone – Norfund’s first direct fintech investment in Africa – and reinforces the global confidence in our mission to reshape informal retail through technology and embedded finance. At OmniRetail, we have built a digitally integrated ‘network of networks’ connecting over 150,000 retailers across Nigeria, Ghana, and Côte d’Ivoire. We provide seamless access to inventory, logistics, and working capital, enabling small businesses to thrive,” the company said in a statement.
The company achieved EBITDA profitability in 2023 and net profitability in 2024. Read the full article
5. Silverbacks exits Lemfi with 29x return on investment
Silverbacks Holdings has exited its stake in Lemfi, marking the firm’s eighth profitable exit since inception.
Lemfi, a remittance and payments company founded in 2021, recently raised $53 million in Series B funding. It enables diaspora communities to send money to more than 20 cities across Africa and Asia. Read the full article
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