August 12th, 2019
The  weekly roundup of Africa's Private Capital news

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Here's your weekly preview edition to this week's Africa Capital Digest. It was an interesting week and we're pretty sure you'd get a lot of value from having the access to the full stories behind the headlines.

Here's 5 questions about the deals below that full access would answer for you:

1. How much did Helios and others pay for their original stakes in Fawry?
2. What size stake does Ethos now own of Synerlytic?
3. At what valuation did African Rainbow Capital invest in Capital Legacy?
4. Who were the sellers of Manda Hill to GIAP?
5. Which advisers worked on EAIF's debt deal for Gabon's Owendo port deal?

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This week's issue supported by...             
Deal News...
Private Equity
Fawry's oversubscribed IPO gives Helios, others partial exits
Fawry's heavily oversubscribed IPO has allowed the digital payments company's private equity and venture investors to partially realize their stakes...

The IPO of Egyptian payments company Fawry gives Helios, responsAbility and others partial exits
Image Credit: Fawry

Private Equity
Ethos takes majority stake in former Torre unit
The final step in the de-listing plan for Torre Industries, which Ethos Private Equity and Apex Partners took private in April this year, took place last week...
Private Equity
GIAP buys Lusaka shopping mall from AttAfrica
A month after making its first-ever deal, GrowthPoint Investec African Property Management has acquired a shopping centre in Lusaka...
Private Equity
ARC takes material stake in estate planning firm
African Rainbow Capital is taking a 25% stake in Capital Legacy, a South African provider of wills, estate and legacy planning services...
Private Equity
TechAdvance lands investment at $20mln valuation
TechAdvance, a Nigerian technology company which was founded in 2009, has been backed by a Bahrain-based investor at a $20 million valuation. It's the first deal in...
Private Equity
Incofin makes first equity deal in Kenya
Incofin has made its first equity deal in Kenya, backing a microfinance provider focused on making loans to rural smallholding farmers in early July...
Private Debt
DFI debt helps Malindi Solar reach financial close
Gobaleq's Malindi Solar Group has finalized the financing needed to start construction of its solar photovoltaic project near the Kenyan coastal with dwbt financing from...
This week's issue supported by...             
SuperReturn Africa 2019
Projects & Portfolio Compay News...
Private Debt
Investec-managed EAIF in Gabon port debt deal
As well as being the sole mandated lead arranger of a debt financing package for a new port development in Gabon, the Emerging Africa Infrastructure Fund is providing...
This week's issue supported by...             

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Strategies, Trends & Perspectives...
Strategies
Helios Towers' IPO plans being rekindled
Having shelved its plans for an IPO last year, Helios Towers is said to be rekindling its plans for an offering which could take place...
Companies, People & Profiles...
People
Mumtakalat appoints new CEO
Bahrain's sovereign wealth fund has a new Chief Executive Officer. Mumtakalat's Board has appointed...
People
Fairfax Africa promotes new CFO from within
Fairfax Africa, the investment holding subsidiary of Canadian life insurer Fairfax Financial, has appointed a new Chief Financial Officer, promoting...
Current Job Postings...
Jobs of the week...             
Investment Officer, Healthcare at LeapFrog Investments  // leapfroginvest.com
Based in Nairobi, Kenya
Portfolio Manager at AHL Venture Partners  // ahlventurepartners.com
Based in Nairobi, Kenya
New this week...
Senior Manager at IQ-EQ  // iqeq.com
Based in Cape Town, South Africa
Investment Manager, Energy Access & Efficiency at CDC  // cdcgroup.com
Based in London, United Kingdom
Associate, Mezzanine Investment at Vantage Capital  // vantagecapital.co.za
Based in Johannesburg, South Africa
Investment Associate, Energy Access & Efficiency at CDC 
// cdcgroup.com
Based in London, United Kingdom
New this week...
Investment Associate, Infrastructure Equity at CDC  // cdcgroup.com
Based in London, United Kingdom
New this week...
Corporate Finance Associate at Clifford Chance  // cliffordchance.com
Based in Casablanca, Moroccoa
New this week...
Private Equity Analyst at Futuregrowth Asset Management  // futuregrowth.co.za
Based in Cape Town, South Africa
Upcoming Conferences...
Highlighted Event...             
Global Impact Summit 
Nairobi, Kenya, August 28th to August 30th, 2019
SuperReturn Global Infrastructure 
London, United Kingdom, September 16th to September 18th, 2019
Bonds, Loans & Sukuk East Africa 2019 
Nairobi, Kenya, September 17th, 2019
Africa Property Investment Summit & Expo 
Johannesburg, South Africa, October 2nd to October 3rd, 2019
Africa PPP 2019 
Cape Town, South Africa, October 22nd to October 24th, 2019
AfricArena 
Cape Town, South Africa, November 11th to November 12th, 2019
TMT Finance Africa 2019 
London, United Kingdom, November 28th, 2019
SuperReturn Africa 
Cape Town, South Africa, December 2nd to December 4th, 2019
Bonds, Loans & Sukuk Nigeria 2019 
Lagos, Nigeria, December 3rd, 2019
And finally...
We hope you found the digest to be a useful summary of the major happenings in Africa's private capital markets last week.  We'd love it if you shared it with colleagues and business partners. They can subscribe to Africa Capital Digest and receive full access to the service if they take a moment  to  sign up here today.

Best wishes for a productive week - if you have any tips, suggestions, questions or comments, please get in touch.

All the best,
 
- Allan
 
Allan Cunningham
Editor & Publisher
AfCD | Africa Capital Digest

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