AIIM becomes the largest single shareholder in MetroFibre after acquiring additional 25.8% interest

SOUTH AFRICA – African Infrastructure Investment Managers (AIIM) has completed a follow-on acquisition in MetroFibre Networx, following approval from the Independent Communications Authority of South Africa. AIIM, alongside a consortium comprising South African Housing & Infrastructure Fund (SAHIF) and STOA, a foreign investment vehicle based in France, has acquired an additional 25.8% interest in MetroFibre, previously held by Sanlam Private…

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AIIM, Mokobela-Shataki consortium acquire The Logistics Group for US$110m

SOUTH AFRICA – African Infrastructure Investment Managers (AIIM) and the Mokobela-Shataki consortium have completed a ZAR1.6 billion (US$109.04m) takeover of The Logistics Group (TLG). TLG is an integrated logistics company operates in Southern Africa with services across port, rail, warehousing and digital transport logistics. The transaction was financed by a mix of equity and debt financing. AIIM, through its South…

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AIIM to increase access to clean energy with US$370m fundraise for its IDEA fund

SOUTH AFRICA – African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, has successfully completed a capital increase of US$370 million for its flagship SADC infrastructure fund, the IDEAS Managed Fund (IDEAS).   The fundraise exceeds the initial US$301 million target by 20%, taking the size of the open-ended fund to more than US$1.475 billion.  IDEAS will deploy the capital in line with the fund’s existing mandate, providing investors with…

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AIIM celebrates completion of 6 solar plants in South Africa

SOUTH AFRICA – Leading African infrastructure equity investment manager, African Infrastructure Investment Managers (AIIM), recently celebrated the achievement of Commercial Operation of the last of six solar PV projects awarded under Round 4 of the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP). The Projects, situated in the Northern Cape and North West Provinces, form part of a broader portfolio of renewable assets…

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Amethis divests its minority stake in Sodigaz APC to AIIM

BURKINA FASO – Amethis, an investment fund manager, has announced the sale of its minority stake in Sodigaz APC to African Infrastructure Investment Managers (AIIM). Sodigaz APC is the leading gas bottle (LPG) distributor in Burkina Faso with a market share exceeding 60% and a unique distribution network of 2,200 gas resellers. Created in 1977 by Amidou Bolly, Sodigaz APC…

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Competition Commission recommends MetroFibre acquisition approval

SOUTH AFRICA – The Competition Commission has recommended the Competition Tribunal approve the proposed transaction whereby Digital Infrastructure Investment Holdings (DIIH) intends to acquire MetroFibre, without conditions. In June 2021, African Infrastructure Investment Managers (AIIM), along with a consortium comprising South African Housing & Infrastructure Fund, through its Digital Infrastructure Consortium platform and STOA, a foreign investment vehicle-based in France, agreed to…

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AIIM, Adenia and IFC invests US$130m in Eastcastle Infrastructure, acquires majority stake

AFRICA – Infrastructure-focused private equity fund managers, The African Infrastructure Investment Managers (AIIM), Adenia Partners (Adenia), a private equity firm investing in Africa, and IFC, a member of the World Bank Group, have partnered to invest a total of US$130 million to support Eastcastle Infrastructure (Eastcastle), a company specializing in Africa’s telecoms tower sector. The funding will support Eastcastle’s build-to-suit strategy, to develop new…

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Investment firm AIIM, consortium acquire 25.8% stake in MetroFibre

SOUTH AFRICA – African Infrastructure Investment Managers (AIIM), along with a consortium comprising South African Housing & Infrastructure Fund (SAHIF), through its Digital Infrastructure Consortium platform and STOA, a foreign investment vehicle based in France, have agreed to acquire a 25.8% interest in fibre network provider MetroFibre Networx (MFN) held by Sanlam Private Equity, African Rainbow Capital and a minority…

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Sasol agrees to sell 30% interest in ROMPCO to an acquisition vehicle

MOZAMBIQUE- Energy and chemical company Sasol South Africa (SSA), a subsidiary of Sasol, has concluded a sale and purchase agreement (SPA), to sell a 30% equity interest in the Republic of Mozambique Pipeline Company (ROMPCO), subject to pre-emptive rights by other shareholders. In a statement, Sasol said ROMPCO is a joint venture between SSA (50%), Companhia Mocambiçana de Gasoduto S.A.…

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AIIF3 secures US$37.1m guarantees from MIGA for clean off-grid solar energy in Central and East Africa

AFRICA –  The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, has issued guarantees of up to US$37.1 million to African Infrastructure Investment Fund (AIIF3), to cover the fund’s equity and quasi-equity/shareholder loan investments in Bboxx Capital (Bboxx) subsidiaries in Rwanda, Kenya, and the Democratic Republic of the Congo (DRC), for up to 10 years. An…

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