Member News

Kasada, the leading independent real estate private equity platform dedicated to delivering attractive sustainable value across the hospitality sector in Africa, announces the sale of the Ibis Douala located in Bonanjo, a key business district of the city of Douala, in Cameroon to Christina Hotel, part of the Bocom Group.

Development Partners International (“DPI”), a premier investment firm focused on Africa, today announces the sale of International Facilities Services (“IFS”). DPI has signed a binding agreement with a consortium comprising of ES-KO, a global provider of integrated facility support services, Phatisa, a Mauritius based private equity firm, and IFS’s management, to sell 100% of its shares in the company.

British International Investment (‘BII'), the UK’s development finance institution and impact investor, has sold its 10.1 per cent stake in I&M Group PLC (‘I&M’), the Eastern African banking group, to AfricInvest, a leading Pan-African Asset Management platform. The acquisition was made through East Africa Growth Holding, a special purpose vehicle entirely controlled and formed by AfricInvest.

Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa has successfully exited its entire stake in Cresta Paints (the “Company”) to Uhuru Investment Partners, a middle-market private equity firm focused on investing in West Africa. Cresta Paints, headquartered in Ghana, is a leading player in the automotive refinish and protective coatings sector.

Mediterrania Capital Partners (MCP), a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces it has completed its exit process from TGCC, a leading construction and civil engineering company based in Morocco.

Development Partners International (“DPI”), a premier investment firm focused on Africa, British International Investment (“BII”), the UK government’s Development Finance Institution, and the European Bank for Reconstruction and Development (“EBRD”), announce the sale of 100% of the shares in KELIX bio, a leading emerging markets biopharmaceuticals platform, to Mubadala Investment Company (“Mubadala”), the Abu Dhabi investor with over $276bn in assets under management.

lnjaro Agricultural Capital Holdings Limited ("IACHL" or "the Fund"), the impact investment fund managed by lnjaro Investments ("lnjaro"), is excited to announce the sale of its stake in Ghana's oldest animal feed producer, Agricare Limited ("Agricare") to Flour Mills of Ghana Limited ("FMGL"). This strategic sale represents a full exit from Agricare after a holding period of close to eight (8) years.

TPG has fully exited its investment in Mavin Global as part of Universal Music Group's majority acquisition of the Nigerian independent record label. This transaction underscores TPG's role in supporting Mavin's growth and success in promoting Afrobeats artists globally. The deal, subject to regulatory approval, is expected to close by the end of Q3 2024, marking a significant milestone in Mavin's trajectory within the music industry.

CardinalStone Capital Advisers (“CCA”), a West Africa focused private equity firm, is pleased to announce that its CardinalStone Capital Advisers Growth Fund (“CCAGF”) has successfully sold its stake in i-Fitness Nigeria Limited (“i-Fitness”), to Verod Capital Management Limited (“Verod”).

Injaro Investment Advisors Limited is excited to announce the successful final close of its multi-sector Ghana Cedi-denominated private equity fund – the Injaro Ghana Venture Capital Fund (IGVCF). The Fund, which is backed by local pension funds, achieved a final close with an AUM of GHS 216M on December 29, 2023.