Who's doing what in the African M&A space?


Who's doing what in the African M&A space?

Published Date: 2020-02-07 | Source: DealMakers | Author: Marylou Greig

Who's doing what in the African M&A space?

DealMakers AFRICA

  • Africa Capitalworks Management, a sub-Saharan Africa-focused private equity firm, has acquired a significant minority equity stake in Gaselia Industries, a West African beverage group. Gaselia has production and distribution operations in Mali, Ivory Coast and Guinea.
  • I&P Afrique Entrepreneurs 2 fund has made two investments - New Crystal , a healthcare company in Ghana providing affordable and reliable healthcare services to the urban poor and Rensource in Nigeria, a distributed energy services company delivering power to SME merchants in market clusters through ring-fenced, solar powered micro-utilities.
  • Elmenus, a food-tech startup based in Egypt and focussed on personalising food recommendations, has raised $8 million in its Series B funding to further expand its business. Global Ventures, a UAE-based venture capital led the round. Egyptian venture capital firm Algebra Ventures participated in the round.
  • Interswitch, a leading technology-driven company focused on the digitisation of payments in Nigeria and other African countries, has listed a N23 billion Callable Senior Unsecured Bond on the Nigerian Stock Exchange. The Bond has a tenor of seven years at a fixed rate of 15% and replaces the expected Initial Public Offering announced in 2016 which was set to raise $1 billion from a dual listing on the LSE and NSE but aborted due to the decline in the economic conditions of the Nigerian economy.
  • Farmcrowdy a Nigerian agritech startup, has acquired Best Foods L&AP, a Lagos-based livestock processor for an undisclosed amount.
  • International Finance Corporation has led a consortium set to acquire a 54.23% stake in AAR Healthcare, the operator of hospitals and clinics in Kenya and other East African countries. The transaction which has received the approval of the Competition Authority of Kenya will cost the consortium more that Sh1,5 billion.

DealMakers Africa is the Continent's M&A publication.

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