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Industry News

The Carlyle Group Agrees to Invest US$40 Million in Wakanow; African Capital Alliance to Exit

Global alternative asset manager The Carlyle Group has agreed to invest US$40 million in Wakanow, a Nigeria-based online travel agency focused on West and East Africa. Carlyle invested through its

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Adenia Partners Acquires Controlling Stake in Tumaini Self Service

Africa-focused private equity fund manager Adenia Partners has acquired a controlling stake in Tumaini Self Service, a Kenya-based supermarket chain operator. Adenia acquired the company through its special purpose vehicle

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EFG Hermes Private Equity Reaches US$119 Million First Close for Egypt Education Fund

EFG Hermes Private Equity, a Middle East and North Africa-focused private equity fund manager, has reached a first close for Egypt Education Fund (EEF) with US$119 million in capital commitments.

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Emerging Capital Partners Acquires Majority Stake in Artcaffé Group

Africa-focused private equity fund manager Emerging Capital Partners (ECP) has acquired a majority stake in Artcaffé Group, a Kenya-based restaurant company. Artcaffé operates 26 restaurants in Nairobi across five brands,

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Catalyst Principal Partners Reaches US$155 Million Final Close for Second Fund (Africa)

East Africa-focused private equity fund manager Catalyst Principal Partners has reached a final close for Catalyst Fund II with US$155 million in capital commitments. Investors in the fund include development

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AfricInvest Closes Maghreb Private Equity IV with US$221 Million in Commitments (Africa)

Pan-African private equity fund manager AfricInvest has reached a final close for Maghreb Private Equity IV with EUR194 million (approximately US$221 million) in capital commitments. The African Development Bank committed

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Amethis and WAEMGF Exit Petro Ivoire via Vantage-financed MBO (Africa)

Amethis Finance and the West Africa Emerging Markets Growth Fund (WAEMGF) have exited their stakes in Côte d’Ivoire-based downstream oil and gas company Petro Ivoire via a leveraged management buyout

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AfricInvest Invests US$51 Million in iSON Xperiences with Gulf Capital, Commits US$14 Million to Les Centaures Routiers (Africa)

Alternative investment fund managers AfricInvest and Gulf Capital have invested US$51 million in iSON Xperiences, a Kenya-based outsourcing and customer service company. Through AfricInvest III and Gulf Credit Opportunities Fund

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Emerging Capital Partners Raises US$640 Million for Fourth Pan-Africa Fund (Africa)

Africa-focused private equity fund manager Emerging Capital Partners (ECP) has reached a final close for ECP Africa Fund IV (AFIV), garnering more than US$640 million in commitments to the fund

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Ethos Raises US$182 Million for Ethos Fund VII and Ethos AI Fund I, Invests in Channel VAS and Vertice (Sub-Saharan Africa)

Southern Africa-focused alternative investment fund manager Ethos has reached a first close for its seventh buyout fund with ZAR2 billion (approximately US$140 million) in capital commitments from local South African

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Injaro Invests in Novafrique (Sub-Saharan Africa)

West Africa-focused private investment fund manager Injaro Investments has invested in Côte d’Ivoire-based soap manufacturer Novafrique Industries. The company plans to partner with Injaro to optimize utilization of its current

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