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Weekly Wrap, August 14th, 2017; APM Capital, Capitalworks, Harith and others make private capital news last week

August 13, 2017

Last week in brief…August 14th, 2017 For the biggest private equity deal announced in Africa last week, we have Capitalworks to thank. The South African investor has agreed to buy listed poultry [more...]

Maersk family foundation leads $550mln close for Africa infra fund

August 13, 2017

A.P. Moller Capital, an affiliate of the Maersk shipping line family’s A.P. Moller Holding, will manage a new Africa-focused infrastructure fund which held a $550 million close last week, [more...]

Capitalworks agrees to buy Sovereign Foods in $67mln deal

August 13, 2017

Capitalworks, a private equity firm with more than $515 million in assets, has had its offer to buy out Sovereign Foods accepted by the JSE-listed company’s Board of Directors. The all-cash [more...]

Helios Towers Tanzania buys Zantel’s mainland assets

August 13, 2017

Helios Towers Tanzania, a full subsidiary of private equity-backed Helios Towers Africa, is buying up all the mainland tower sites belonging to Zanzibar Telecom, (Zantel). As part of the deal, the [more...]

Harith acquires 30% stake in Sheltam Mauritius

August 13, 2017

Harith General Partners, managers of Pan African Infrastructure Development 2, have agreed to acquire a 30% stake in Sheltam Mauritius, a rail operator which owns and operates one of the largest [more...]

Novastar caps busy first half with 6 deals

August 13, 2017

Novastar Ventures had an active first half, making three new deals and three follow-on investments for its $80 million East Africa Fund I. The specifics of each transaction remain undisclosed. So [more...]

Enko Capital in AMI Logistics expansion capital deal

August 13, 2017

Enko Capital has made an expansion capital investment in AMI Logistics, a Dubai-headquartered logistics business with significant operations in East and Southern Africa. The $7 million transaction [more...]

SnapnSave raise R14mln from Kalon and Smollan

August 13, 2017

Kalon Venture Capital and Smollan Group are each backing SnapnSave, the South African retail discount app company with R7 million, (about $500,000). The investment earns each a 20% stake in the [more...]

Ethos’ latest mezzanine fund in line for EIB commitment

August 13, 2017

The European Investment Bank is considering an investment of $20 million in Ethos Mezzanine Partners 3, a $150 million generalist fund which launched in February this year. The fund, which will back [more...]

IFC mulls $45mln for 3 Africa-focused private equity funds

August 13, 2017

IFC, the World Bank’s development finance institution, is mulling whether to make a total of $45 million in commitments to three Africa-related private equity funds. All three have a North [more...]

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