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Emerging Capital Partners (ECP) and Attijari Invest have hauled in 8.4x returns on their investment in Morocco-based resources exploration processing company Compagnie Minière de Touissit (CMT)). The exit generated an internal rate of return (IRR) of 94% for the investors’ co-managed fund.
Bain Capital’s $1.2bn sale of Edcon Group’s financial services unit to Absa Bank has finally received regulatory approval from South Africa’s competition tribunal. In mid-2012, Bain had agreed to
Pearl Capital Partners (PCP) has generated an internal rate of return (IRR) of 30%, and made 4x its money on its trade sale of
African Capital Alliance (ACA) has sold its minority stake in telecommunications company MTN Nigeria to Shanduka Group in a deal valued at $335 million. ACA sells its stake after
Actis has sold 38% of its Uganda-based energy distribution company, Umeme, onto the Uganda Securities Exchange for $66.73 million. The partial exit places a $165 million value on the
Actis has sold its 80% stake in Banque Commerciale du Rwanda (BCR), a financial services provider based in Rwanda.
Actis exited the stake to Kenya-based I&M Bank,
Aureos has exited Zambia-based agribusiness Golden Lay to Phatisa for $24 million, through a leveraged buyout deal. Phatisa, through its African Agriculture Fund (AAF) , is investing in the
Aureos has sold its stake in South Africa-based bricks and construction aggregates manufacturing company SA Block, in a trade sale to Afrimat. The exit brings to an end the
RMB Corvest has acquired Investec’s stake in Fintech, a South Africa-based asset financing company focused on the technology sector. RMB has bought 11.9% of the company, with a portion of the
Cauris Management exited its stake in Petro Ivoire, a downstream oil and gas operator based in Cote d’Ivoire, through a secondary deal. The financial details have not been