Private Equity
Strategic growth capital, majority and minority investments, and private equity dealmaking driving corporate transformation across African markets.
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Infinite Partners Closes Second PE Fund at $170M, Exceeding Target
The Black-owned South African private equity manager wrapped up fundraising for Core Equity Fund II at R2.8 billion, driven by local pension funds, insurers, and banks.
Sanlam Moves to Take Santam Private in $1.2 Billion Minority Buyout
Offering R505 per share, a 26.6% premium, Sanlam Life seeks to acquire the remaining 37.3% interest in South Africa’s largest short-term insurer through a scheme of arrangement.
RMB Ventures Acquires MoreCorp as Old Mutual Private Equity Exits After a Decade
The secondary private equity buyout sees Rand Merchant Bank's investment arm acquire the golf and cycling retail group following a ten-year holding period during which company turnover tripled.
Tony Elumelu’s Heirs Energies Buys $71 Million Seplat Stake to Lift Combined Holding to 21.07%
The £53.2 million transaction on the London Stock Exchange consolidates Elumelu's position as Seplat Energy’s largest single shareholder ahead of his transition to board chairman in 2027.
Summit Private Equity Fund II Acquires 40% Stake in Virtual Farmer to Accelerate Regional Agri-Finance Expansion
The investment by Summit Africa aims to unlock institutional funding across Southern Africa, targeting an agricultural sector that generates over R500 billion ($30.4 billion) in annual output in South Africa alone.
Nedbank Acquires 50% Stake in Burstone Group's New $42 Million Property Platform
South African real estate group Burstone establishes a new unlisted funds platform seeded with R5.4 billion in commercial assets, selling a 50% equity stake to Nedbank Property Partners for approximately R677 million ($41.6 million).
Former Gold Fields CEO Chris Griffith Co-Leads New $1 Billion Private Equity Fund Targeting African Critical Minerals
Mining veteran Chris Griffith teams up with prominent dealmakers Sam Jonah and Colin Coleman to launch a $1.0 billion private equity initiative focused on securing critical mineral supply chains across Africa.
Enko Capital Backs Ivorian E-Mobility Pioneer EVTech in Hybrid Financing Deal
Asset management firm Enko Capital deploys its Francophone West Africa SME strategy (FCPR) into EV.Tech, providing hybrid growth capital to scale electric vehicle charging infrastructure across Côte d’Ivoire.
Africa Go Green Fund Doubles Spiro Commitment to $36 Million to Scale East African E-Mobility
Cygnum Capital-managed climate debt fund injects an additional $18 million into electric two-wheeler pioneer Spiro, accelerating infrastructure deployment across Uganda and Rwanda.
Prudential Financial Exits Alexforbes Stake in $185 Million South African Transaction
US financial services giant Prudential Financial divests its entire holding in South Africa's largest standalone retirement-fund administrator as billionaire Patrice Motsepe’s African Rainbow Capital consolidates majority control.
Benin’s Caisse des Dépôts et Consignations (CDC Benin) Becomes an Investor in Enko Capital’s SME Strategy
The public financial institution backs Enko Capital’s Francophone West Africa SME Strategy, bolstering regional institutional participation and expanding private equity deployment for high-potential businesses.