4+ day, 17+ hour ago   (194+ words) TLG Capital, a private credit firm operating across sub-Saharan Africa, has closed a $3 million senior debt facility for Drive45, a Lagos-based transportation company providing mobility solutions to international and local businesses across Nigeria. Founded in 2021, Drive45 gives international and local businesses access…...

4+ day, 18+ hour ago   (358+ words) africaprivateequitynews.com Zamara Holdings secures investment from Amethis Zamara provides insurance brokerage, pension administration and actuarial services across Africa. Private equity firm Amethis has announced an investment in Zamara Holdings Limited, a pan-African financial and insurance solutions group. Founded in…...

5+ day, 22+ hour ago   (180+ words) ARC Ride has completed a $33.3 million financing round to scale its battery-swapping infrastructure and electric mobility platform across Africa. The financing round was led by Novastar Ventures and Norrsken22, with the International Finance Corporation (IFC), British International Investment (BII) and Proparco…...

5+ day, 21+ hour ago   (180+ words) africaprivateequitynews.com Proparco commits to Capitalworks fund Capitalworks IV will invest in mid-sized companies in South Africa. Proparco has committed $15 million to Capitalworks IV, the fourth private equity fund managed by South African investment firm Capitalworks. Proparco is a meaningful…...

6+ day, 20+ hour ago   (271+ words) africaprivateequitynews.com South Africa: EXEO Capital exits Chemical Process Technologies CPT manufactures active pharmaceutical ingredients used in animal health products. Our Dealmaker’s Log tracks African private capital exits since 2023. Access the Dealmaker’s Log here The transaction follows a four-year investment…...

1+ week, 4+ day ago   (155+ words) Alan, the French health insurance company with footballer Kylian Mbappé as an investor, today announced the completion of its acquisition of Tanel, a digital health company founded in 2021 by Mouhamed Ndoye and Makhtar Diop. The transaction also provides an exit…...

1+ week, 5+ day ago   (223+ words) Fidence, a Luxembourg-based corporate services group backed by private equity firm Amethis, has acquired MITCO, a corporate, fiduciary, fund administration and related support services company. MITCO operates in Mauritius and the Seychelles. Amethis invested in Hoche Partners Corporate Services in…...

2+ week, 6+ day ago   (278+ words) africaprivateequitynews.com Gareth McElhone joins Old Mutual Alternative Investments Old Mutual Alternative Investments has appointed Gareth McElhone as partner in its Hybrid Capital team. The team provides hybrid capital, a form of private capital that sits between traditional debt and…...

2+ week, 6+ day ago   (385+ words) africaprivateequitynews.com CardinalStone reaches first close for CCA Growth Fund II The fund will target investment opportunities across key West African markets. CardinalStone Capital Advisers (CCA) has reached first close of its CCA Growth Fund II (CCAGF II) at $76 million. The…...

3+ week, 5+ day ago   (228+ words) africaprivateequitynews.com Jem raises $8.4m Series A led by Quona Capital The South Africa-based company provides workforce management tools for deskless teams through WhatsApp. Jem, a South Africa-based workforce management platform for deskless teams, has raised $8.4 million in Series A funding…...