The weekly roundup of Africa's Private Capital news
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Welcome to the latest preview of our weekly wrap of the most interesting Africa-related private equity, infrastructure and venture capital deal stories, market opinion articles and information pieces.
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Best wishes to everyone for a healthy, productive week.
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This week's issue supported by...
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The week's leading items...
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Private Equity
PE-backed WorldRemit buys app-based remittance firm
WorldRemit, a cross-payments firm that counts Accel, LeapFrog Investments, and TCV among its backers, has acquired Sendwave, in a transaction worth...
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WorldRemit, which counts Accel, LeapFrog and TCV among its investors, acquires venture-backed Sendwave in major deal
Image Credit: Sendwave |
Private Equity
South Korean pension fund commits to Actis Energy 5
The world's third-largest pension fund is joining over 20 other institutional investors on the roster of LPs for Actis Energy 5...
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Private Equity
Metier-backed Retailability buys embattled Edcon chain
Retailability, a retail fashion business headquartered in Durban has agreed to buy parts of Edgars from Edcon, the troubled retail group currently in the throes of...
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Private Equity
CDC makes follow-on deal in sustainable forestry firm
CDC has announced a further investment in a sustainable forestry and timber firm it first backed in 2015. This time, the UK's development finance institution is investing...
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Private Equity
EF Africa raises equity to support expansion plans
EF Africa Group, an equipment leasing provider, has acquired a Tanzanian equipment finance business and raised fresh equity in support of its regional expansion...
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Private Equity
Templar seeks to convert debt in bankrupt coal mine
Templar Capital, the largest independent creditor to the Optimum Coal Mine in Mpumalanga, South Africa, is aiming to convert its creditor claim to equity...
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Private Equity
GemCap buys online transport management firm
GemCap, African Rainbow Capital's Stellenbosch-based investment holding subsidiary, has acquired an online transport management business from...
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Private Equity
Zebu makes third investment for its sophomore fund
Zebu Investments announced the third investment for the private equity firm's Africa Food Security Fund last week, taking a...
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Private Equity
DOB Equity makes additional investment in Tanga Fresh
Having invested in Tanga Fresh in the past, DOB Equity is back again, investing additional equity in the dairy processor which will be used to...
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Venture Capital
SparkMeter lands $12mln from investors for Series A
SparkMeter, a Washington D.C.-headquartered provider of grid management solutions to emerging markets, has closed its Series A round of financing, raising $12 million...
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Venture Capital
Knife Capital returns to back DataProphet's Series A
After backing DataProphet in 2018, Knife Capital is returning to make a follow-on investment in the AI startup's Series A funding round which closed last week...
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| Companies, People & Profiles... |
People
Sahel Capital promotes Adebusoye to Principal
Sahel Capital is promoting Deji Adebusoye who joined the Fund for Agricultural Finance in Nigeria's (or FAFIN) fund manager in 2016 to the role of Principal...
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Principal/Director, Private Credit at BluePeak Private Capital
// bluepeakpc.com
Based in Nairobi, Kenya
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Investment Director, Infrastructure Project Finance at CDC // cdcgroup.com
Based in London, United Kingdom
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New this week...
Impact Investment Manager, Africa at Partners Group // partnersgroup.com
Based in London, United Kingdom
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New this week...
Investment Executive, Infrastructure Project Finance at CDC // cdcgroup.com
Based in London, United Kingdom
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New this week...
Investment Executive, Debt, Financial Institutions at CDC // cdcgroup.com
Based in London, United Kingdom
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New this week...
Investment Associate, Debt, Financial Institutions at CDC // cdcgroup.com
Based in London, United Kingdom
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New this week...
Investment Analyst, Property Sector at Sanlam // sanlam.co.za
Based in Cape Town, South Africa
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Johannesburg, South Africa, September 7th to September 11th, 2020
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Virtual Event, October 20th to November 13th, 2020
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Cape Town, South Africa or Online, December 1st to December 3rd, 2020
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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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Africa Capital Digest is a product of Rowayton Press
Rowayton, CT 06853, USA
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Copyright © 2016 Rowayton Press, LLC. All Rights Reserved.
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