Investec, IFC and FMO Complete Follow-on Investment in Mobisol (Sub-Saharan Africa)

Investec Asset Management’s African private equity arm and development finance institutions International Finance Corporation and FMO have completed a follow-on equity investment in Germany-based Mobisol, a provider of off-grid solar home systems in Africa. The follow-on equity investment, along with new debt facilities secured during the last six months, will help fund further expansion of the business. The Investec-led consortium originally invested in Mobisol in late 2016. Financial details of the transaction were not disclosed.