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Portfolio Exits

AMCON sells Keystone Bank for $81.5mln

March 26, 2017

Nigeria’s Central Bank and the country’s Securities and Exchange Commission have given their blessing to the sale of Keystone Bank to a consortium of local investors for a reported $81 million. [more...]

Sea Harvest aims to raise $100mln in IPO

March 12, 2017

Sea Harvest, the South African fishing company majority-owned by Brimstone Investments, is looking to raise up to $100 million by floating 38.7% of its share capital on the Johannesburg Stock [more...]

Atlas Mara is not up for sale

March 12, 2017

In a session that took place at last week’s Investing in Africa conference hosted by the Wall Street Journal, Bob Diamond dismissed suggestions that Atlas Mara, the African banking platform he [more...]

PIC-backed Afrisam in merger talks once again

February 19, 2017

PPC, the publicly listed cement maker, has announced that it is in merger talks once again with unlisted rival Afrisam, which is majority owned by the Public Investment Corporation, the South African [more...]

DPI sells CAL Bank stake to Arise

February 12, 2017

Fresh from its official launch last week, Arise has acquired Africa-focused private equity firm Development Partners International‘s 27.7% stake in publicly-listed CAL Bank. Terms of the deal, [more...]

HBD Venture Capital exits Flightscope

February 12, 2017

HBD Venture Capital, Mark Shuttleworth’s venture investment vehicle managed by Knife Capital, is exiting its holding in Flightscope in a management buyback. Terms of the deal were not [more...]
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