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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Standard Bank advises Alten Africa and Inspired Evolution on sale of stake in power plant
Standard Bank served as financial adviser to Alten Africa and Inspired Evolution on the sale of a 51% stake in the 45.5MW Alten Hardap solar plant. Read more
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. Mediterrania Capital Partners exits FMCG company
Private equity firm Mediterrania Capital Partners has exited its investment in Dislog, a manufacturer and distributor of fast-moving consumer goods in Morocco.
During Mediterrania Capital’s 4.5-year tenure, Dislog achieved annual revenues of over €332 million – an 89% increase since the private equity firm’s investment in July 2021. Read the full article
2. South Africa: Mergence acquires Waterfall City digital infrastructure assets
Mergence Investment Managers, an infrastructure investment firm, has acquired a controlling stake in strategic digital infrastructure assets located within the residential precincts of Waterfall City, Gauteng. The transaction, executed through the Mergence Infrastructure & Development Equity Fund II, marks a significant expansion of Mergence’s digital infrastructure platform.
The acquisition aligns with a broader strategic repositioning by the seller, which is refocusing on its core property development and management business. Read the full article
3. Impact investor announces exit from Enko Education
Impact investor Investisseurs & Partenaires (I&P) has announced its exit from Enko Education, a network of African international schools.
Enko Education operates in 10 countries with 16 schools, serving more than 7,000 students from kindergarten through high school.
I&P supported Enko Education from its early stages, investing through its fund I&P Afrique Entrepreneurs 1 in 2016, alongside Proparco. At the time, Enko was still a startup. Nine years later, the company has become a pan-African network with a proven model and a broadened investor base, including Oikocredit, BIO, Africa Capitalworks, and Adiwale Fund I. Read the full article
4. Blue Earth Capital, AHL Venture Partners and Ceniarth in Nigerian agri deal
Blue Earth Capital has announced a $25 million private credit commitment to Robust International, a global processor and exporter of agricultural commodities focused on cashew and sesame seeds. The investment, in which BlueEarth’s investment vehicles participated alongside co-investors AHL Venture Partners and Ceniarth, will help Robust improve its in-country sourcing capabilities and increase value-addition processing capabilities in Nigeria.
Robust sources and processes agricultural commodities such as cashews and sesame seeds across West Africa. Read the full article
5. Uganda: IDH backs Uganda coffee marketing company
The IDH Farmfit Fund has extended a $6.5 million subordinated loan to JKCC General Supplies, a coffee marketing company in Uganda.
JKCC, also known as ‘Just Know Your Coffee Cup’, was founded in 2019 to market robusta and arabica coffee green beans in Uganda. Read the full article
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