Private equity fund ADP III secures US$26m from Finnfund to expand regionally across Africa

AFRICA – Finnfund, a Finnish development financier and impact investor, has announced a US$26 million commitment to African Development Partners III (ADP III), a pan-African private equity fund. ADP III aims to support established and growing consumer focused businesses to improve their processes and expand regionally across Africa. The fund provides companies with growth capital and know-how aiming to contribute to job creation, climate change mitigation, and gender balance. In addition, the fund will bring liquidity to developing markets, helping African businesses to recover from the economic and social consequences…

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ADP III secures US$26m from Finnfund to support consumer focused businesses

AFRICA – Finnfund, a Finnish development financier and impact investor, has announced a US$26 million commitment to African Development Partners III (ADP III), a pan-African private equity fund aiming to foster the growth and development of African consumer focused businesses across the continent. ADP III aims to support established and growing consumer focused businesses to improve their processes and expand regionally across Africa, while contributing to the value creation within its investees. The fund provides companies with growth capital and know-how aiming to contribute to job creation, climate change mitigation,…

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Phatisa Food Fund 2 reaches its final close following investments from group of DFIs

AFRICA – Phatisa Food Fund 2 (PFF 2), a sector-specific African private equity fund manager, has reached a US$143 million final close following an US$82 million joint commitment from a group of development finance institutions (DFIs). The DFIs include CDC, Norfund, Finnfund, FinDev Canada, and BIO which committed to the Fund’s final close with US$30 million, US$20 million, US$15 million, US$10 million and US$7 million, respectively. “We are pleased to welcome this multinational group of investors to Phatisa Food Fund 2, a fund focused on increasing investment in the undercapitalised…

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