Private equity fund PAPE acquires equity interest in fintech Entersekt

SOUTH AFRICA – PAPE Fund 3, a mid-market South African private equity fund, has acquired an equity interest in Entersekt, a global leader in device identity and payment authentication. This acquisition of Entersekt is PAPE Fund 3’s fifth portfolio investment. Entersekt, which was founded in Stellenbosch in 2010, currently secures over 1 billion transactions every month, protecting millions of financial…

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Private equity firm Ascent Capital acquires majority stake in Valley Hospital Limited

KENYA – Ascent Capital, a leading East African private equity firm in the region, through its Ascent Rift Valley Fund II LP has acquired a significant equity stake of Valley Hospital Limited located in Nakuru City, Kenya. Founded in 1996, Valley Hospital was one of the first private for-profit hospitals in Nakuru City and a pioneer in offering quality and…

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Investment firm Actis sells its stake in AutoXpress to private equity firm AfricInvest

KENYA – Investment firm Actis has exited from AutoXpress, an importer, distributor and retailer of tyres, auto parts and accessories serving retail and corporate customers in the East African market. Actis has sold its stake in the company to AfricInvest, a Pan-African mid-cap-focused private equity firm. “Across our partnership, Actis and the dedicated leadership at AutoXpress shared an ambitious plan…

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Womvest partners private equity Secha Capital to launch impact-linked loan facility

SOUTH AFRICA – Womvest, a network of women in the investment ecosystem creating shared value for one another through collaboration and mentorship, has launched Womvest Ventures. For its debut investment opportunity, Womvest Ventures has partnered with Secha Capital, a South Africa-based private equity impact fund, to launch its impact-linked loan facility. Womvest Ventures is an investment vehicle that seeks to…

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Private equity fund Alitheia IDF announces final closes of its US$100m fund

AFRICA – Alitheia IDF, Africa’s first women-led and women-focused private equity fund, has announced the final close of its US$100 million fund, which it claims is the largest gender-inclusive private equity fund on the continent. The US$100 million close, which Alitheia IDF said makes the fund the largest of its kind in Africa, comes after the European Investment Bank (EIB)…

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Verdant Capital closes four private equity-related transactions in South Africa

SOUTH AFRICA – Verdant Capital, a specialist investment bank and investment manager, has closed four private equity-related transactions in South Africa with important fund raisings for Bridge Taxi Finance and Retail Capital, the sale of Nedan Oil and the sale of Baxi to MFS Africa. Verdant Capital has successfully raised US$20 million in debt financing for Bridge Taxi Finance from…

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Private equity firm Castle One secures investment from HL Hall to help extend its offering

SOUTH AFRICA – Castle One, a prop-tech venture capital and private equity organisation, has reportedly secured an undisclosed notable investment from HL Hall and Sons Holdings (Halls). The investment will be used to help the prop-tech venture builder assist the real estate industry in optimising technology to benefit this sector. In addition, the investment will assist Castle One is accelerating…

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PE firm 1K1V acquires minority stake in tech company Digital Ecosystems

SOUTH AFRICA – One Thousand & One Voices (1K1V), a private equity firm that invests in sub-Saharan Africa with an exclusive limited partners (LP) base of leading family offices, has announced a R200 million (US$13.5 million) investment in a minority stake in Digital Ecosystems (DigiCo), a market-leading investment holding company that provides integrated technology services to the telecommunications sector, as…

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Fintech MNT-Halan secures US$120m circa investment from three private equity funds

EGYPT – MNT-Halan, a microfinance lending and payments company, has announced a circa US$120 million investment from three private equity funds and a group of venture capitalists. The investment was from Apis Growth Fund II, Development Partners International (DPI), and Lorax Capital Partners. In addition, the company has also attracted venture capital backing from Middle East Venture Partners, Endeavor Catalyst,…

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Mergence Investment Managers Lesotho launches two unit trusts

LESOTHO – Mergence Investment Managers Lesotho has launched two unit trust investment products – the Mergence Lesotho Equity Unit Trust Fund and the Mergence Lesotho CPI + 4% Fund. Both unit trusts are available for retail and institutional investors. Semoli Mokhanoi, Managing Director of Mergence Lesotho, said that the unit trusts will go a long way to opening up investments…

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