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


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


Published Date: 2021-06-04 | Source: DealMakers | Author: Marylou Greig

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

DealMakers AFRICA

  • Britam, the diversified financial services group listed on the Nairobi Securities Exchange, has sold an additional 20,1 million shares in Equity Group reducing its stake in the Kenyan financial services provider to 6.77%.
  • EOS Capital, the Windhoek-based private equity firm, is to acquire Namibian solar and refrigeration company Utility Energy Partners which provides energy solutions to reduce grid energy consumption through the use of solar installations and optimisation of Freon/ammonia cooling systems. Financial details were undisclosed.
  • Adenia Partners, a private equity firm investing in Africa, has completed the acquisition of Africa Biosystems, a distributor of life sciences and clinical diagnostics equipment in East Africa.
  • Airtel Africa is to sell its Tanzania tower portfolio of c.1,400 towers, to a joint venture company owned by a subsidiary of SBA Communications and by Paradigm Infrastructure. The consideration to be paid is c.US$175 million.
  • ADCB has received a US$41,4 million offer by TAT for Medical Services, to acquire its 51.54% stake in Alexandria Medical Services Company.
  • appsNmobile a Ghana-based fintech startup, has secured US$1 million in investment from Oasis VC Fund. Funds will be used to scale its sub-payments business in Ghana and in the West African region.
  • EthioChicken an Ethiopian poultry company, has received US$5 million in funding from Finnish impact fund, OP Finnfund Global Impact I. Funds will be used to scale the business which aims to generate jobs and improve food security.
  • Gamesbandy, an Egyptian gaming startup, has raised an undisclosed sum in seed funding which will be used to expand its footprint in the MENA region.

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

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