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


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

Published Date: 2020-04-09 | Source: DealMakers | Author: Marylou Greig

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

DealMakers AFRICA

  • AP Moller Capital has completed its first investment in Kenya with the acquisition of the Nairobi-based thermal power plant Iberafrica. The fund management company acquired the 52.5MW Independent Power Producer (IPP) from Spanish power and gas utility firm Naturgy. AP Moller Capital said it was planning to invest further in greenfield and brownfield power and energy infrastructure assets in Kenya.
  • Arc Minerals, a junior exploration company focussed on exploring for copper, cobalt and gold projects in Africa, has disposed of its 99.43% stake in Casa Mining to Golden Square Equity Partners for up to $50 million. Casa Mining holds a 73.84% interest in the 3-million-ounce inferred Resource Akyang gold deposit in the DRC. The net proceeds of the disposal will be applied to exploration and development activities in Zambia and for general working capital purposes.
  • Adenia, the African private equity firm headquartered in Mauritius, has finalised the sale of its 95% stake in Mauritian paint manufacturer Mauvilac to AkzoNobel, the Dutch multinational company. Financial details were undisclosed.
  • Rameda, a leading Egyptian pharmaceutical company developing and producing a wide range of branded generic pharmaceuticals, nutraceuticals, food supplements and veterinary products , has announced it is to acquire a generic non-steroidal anti-inflammatory drug in Egypt. The unnamed molecule relieves pain associated with rheumatoid arthritis, psoriatic arthritis, osteoarthritis and other chronic ailments.
  • InfraCo Africa, a multi-government funded, privately managed company providing early stage development capital and expertise to develop infrastructure projects in sub Saharan Africa, has committed $7,5 million to the development of the Liberia Inland Storage Facility project which will be situated near the Freeport of Monrovia. The agreement signed with Global Services Logistics will see the project develop Liberia's first open-access commercial warehousing facility and operations.
  • Global Petroleum an Australian headquartered oil and gas, upstream exploration company, has exchanged a 7% stake in offshore Namibian Block 2011A (PEL0094) with NAMCOR, for a right to get access to pre-exiting 3D seismic data over the block. NAMCOR currently has a 10% carried interest as required by the Namibian Government.
  • Amitruck a Kenyan logistics startup, has secured an undisclosed amount of funding from German firm GreenTec Capital. The mobile and web-based trucking logistics platform brings together cargo owners and transporters for mutual benefit.
  • Kwik a Lagos-based delivery service, launched in July 2019, has secured its latest funding which will allow the company to scale up in Nigeria. The funds were raised with the founder of French video games company Ubisoft SA.

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

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