The 5 most popular stories on Africa Private Equity News the past week
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Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. DPI announces close of KELIX bio exit
Development Partners International (DPI) has announced the close of its exit from KELIX bio to Abu Dhabi-based Mubadala Investment Company . According to the firm, the transaction is one of the largest private equity exits and M&A deals in Africa’s pharmaceutical sector over the past 20 years.
DPI created KELIX bio alongside management and co-investors British International Investment and EBRD in 2020. Since then, it has grown rapidly and now exports medicines to over 50 countries across Africa, Latin America, Southeast Asia and the Middle East. Read the full article
2. AfricInvest health fund surpasses $100m target
AfricInvest Group and the Health Finance Coalition (HFC) have announced the final close of the pan-African Transform Health Fund (THF). The blended-finance fund aims to bolster healthcare systems in Africa by scaling proven and innovative healthcare models.
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Under the management of AfricInvest – a pan-African investment platform active across private equity, venture capital and private debt – in collaboration with the Health Finance Coalition – a group of global health funders – the Transform Health Fund exceeded its initial target, raising $111 million, through commercial, public, and private donor investments. Read the full article
3. General Atlantic completes Actis acquisition
General Atlantic announced the completion of its acquisition of infrastructure investor Actis . The combination further expands General Atlantic’s diversified investment platform to approximately $97 billion in assets under management, based on valuations as of 30 June 2024.
Actis will operate as General Atlantic’s sustainable infrastructure business alongside its existing strategies in growth equity, credit, and climate. Actis will continue to be led by its chairman and senior partner, Torbjorn Caesar , and will retain independence over its investment decisions with its funds operating under the Actis brand. Read the full article
4. SA SME Fund, others back new Seed Fund of Funds
The SA SME Fund , the Department of Science and Innovation (DSI), along with its entity, the Technology Innovation Agency (TIA), and impact investor E Squared Investments have launched a R300 million (c. $17.3 million) Seed Fund of Funds aimed at providing critical early-stage capital to startups.
This initiative aims to fund at least 50 technology-driven startups through experienced fund managers, with a focus on innovation and transformation in South Africa. Read the full article
5. Injaro Capital’s Cape Verde subsidiary invests in poultry business
Investment Capital Partners (ICP), a subsidiary of Injaro Investments Limited , has announced the successful completion of its second investment in Cabo Verde through the Pro Impacto Fund. The investment was made in AGRA, a poultry and animal feed producer founded in 2019 by a local entrepreneur with extensive industry experience. AGRA aims to become the leading supplier of fresh eggs and animal feed in the country. Read the full article