The 5 most popular stories on Africa Private Equity News this week
Here are summaries of the five most widely read stories this week on Africa Private Equity News.
1. Sanari Capital invests $1.5m in South African technology company
Sanari Capital, backed by institutional investor 27four, has announced a R25 million ($1.5 million) investment in LightWare LiDAR, a South African company supplying microLiDAR sensor technology to global companies.
Established in 2012, LightWare gives ‘eyes to machines’, designing and manufacturing the world’s smallest and lightest precision LiDAR systems for use in drones, robots, autonomous vehicles, smart cities and other applications.
2. PE-backed telecoms tower operator IHS exploring IPO in US
IHS Holding Limited has announced it is exploring an initial public offering in the United States.
IHS is an independent owner, operator and developer of shared telecommunications infrastructure. The company has a presence in Nigeria, Côte d’Ivoire, Cameroon, Rwanda and Zambia as well as a handful of countries in the Middle East and South America.
IHS’s shareholders include African Infrastructure Investment Managers, Emerging Capital Partners, Wendel and the IFC, to name a few.
3. Helios hires ESG director from Carlyle
Helios Investment Partners has appointed Phil Davis as Director of Environmental, Social & Governance (ESG).
Davis has over 14 years of experience, most recently as Head of Sustainability for the EMEA region at The Carlyle Group.
4. Africa Foresight Group lands investment from Consonance and family office
Africa Foresight Group (AFG), a network of freelance management consultants in Africa, has raised over $700,000 in a seed round, led by Consonance Investment Managers and GFH Holdings.
AFG was founded in 2016 by Yasmin Kumi and operates as a platform that offers consulting services to clients. AFG has more than 100 consultants – “foresighters” – in its network and completed more than 140 engagements for leading companies, investment funds, and development partners since inception. AFG experts and consultants work in industries that create real added value for the African continent, including agribusiness, FMCG, and finance. The company is run by a 15-people full-time team based in Ghana and Nigeria, but has strong representation of network members across African markets, such as Nigeria, South Africa and Kenya.
Consonance Investment Managers is an early stage and growth investment firm in Africa while GFH Holdings is the family office of a leading West African family that runs a number of highly successful businesses across the energy, real estate and retail sectors in Ghana and Nigeria.
5. FMO proposes investment in South African agritech company
Dutch development financier FMO has disclosed a proposed R42.75 million (about $2.5 million) investment in Aerobotics, a South African agritech company.
The proposed investment will come from FMO’s Building Prospects fund and will support the company’s operations, expansion, and technology development.
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