AIH Fund I closes its second deal with High Duty Castings (HDC)
We are pleased to announce that in June 2024, AIH Fund I, under the management of AIH Capital, closed its second deal with High Duty Castings (HDC), acquiring a 49% shareholding in the manufacturing company. HDC is a leading cast iron foundry with blue-chip and multinational clients and has been successfully operating for over three decades. HDC is a major producer of grey iron castings for industry-specific products, including pumps and valves, gearboxes, engineering compressors and hydraulics, automotive, agricultural, bearings, and railway components. The automotive division is IATF 16949:2016 certified.
Source: High Duty Castings (HDC)
BluePeak Private Capital invests in Sancella
BluePeak Private Capital, an Africa-focused alternative asset management firm, has announced the completion of a $15 million investment in Sancella, one of the largest manufacturers and distributors of disposable hygiene products in the Maghreb region and Francophone West Africa.
Source: Africa Private Equity News
Carlyle and Ramphastos Investments exit Mazarine
Carlyle and Ramphastos Investments have agreed to sell their stakes in Mazarine, a Tunisia-focused oil, gas, and renewable energy company, to its founder, Edward van Kersbergen.
Source: Africa Private Equity News
Incofin commits EUR3mn to SPOUTS International
14 November 2024 – Incofin, a global impact investor known for supporting innovative solutions in emerging markets, has committed EUR 3 million to SPOUTS International (SPOUTS), a pioneering East African social enterprise. This investment, from Incofin’s Water Access Acceleration Fund (W2AF), aims to help SPOUTS expand its clean water initiatives across East Africa and its carbon credit program.
Source: Incofin
Kua Ventures invests in Olerai Schools
Olerai Schools, a group of schools in Kajiado County, has received financing from Kua Ventures to support its expansion and growth in its mission to be a center of excellence for young learners in Kenya. The learning institution becomes the 25th business to join our growing portfolio of businesses.
Source: Kua Ventures
Mergence Investment Managers acquires remaining stake in anlei Premium Trout
Mergence Investment Managers (Lesotho) has acquired the remaining 51% of the shares in Sanlei Premium Trout, an integrated aquaculture producer of Africa’s largest sushi-grade trout. The stake was sold to Mergence by the former co-investor, a private family capital fund.
Source: Africa Private Equity News
Ninety One announces the first close of its Africa Credit Opportunities 3
November 25, 2024 Ninety One today announced the first close of its Africa Credit Opportunities 3, the third vintage of its Africa and emerging market focused credit opportunities strategy (ACO), in partnership with the International Finance Corporation (“IFC”), British International Investment (the UK’s development finance institution and impact investor) and the Swiss Investment Fund for Emerging Markets (‘SIFEM’, managed by responsAbility) as anchor limited partners, and with Standard Bank of South Africa as the credit provider.
Source: Ninety One
SPE Capital invests MAD350mn in Dislog Group
Casablanca, Novembre 15, 2024: Following approval from the Moroccan “Conseil de la Concurrence”, SPE Capital Partners («SPE Capital») has made a MAD 350 million investment in Dislog Group through its AIF I Fund. This amount should be complemented by an additional co-investment amount of MAD 100 million from an international financial institution, bringing the total investment to MAD 450 million. This transaction will enable Dislog Group to achieve its development goals in the coming years.
Source: SPE Capital