All posts in Exit
ECP and Attijari reap 8.4x on CMT exit
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’s $1.2bn Edcon partial sale approved
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 notches 30% IRR on Africert exit
Pearl Capital Partners (PCP) has generated an internal rate of return (IRR) of 30%, and made 4x its money on its trade sale of
ACA in $335m MTN exit
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 in $66m Umeme partial exit
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 exits Rwanda bank BCR
Aureos sells Golden Lay to Phatisa for $24m
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 exits SA Block
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 buys Fintech from Investec
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 exits Petro Ivoire
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
