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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.
Actis in $484m Redal & Amendis deal
IFC backs $204m BCP bank deal
The International Finance Corporation has backed a $204 million investment into Morocco-based bank Banque Centrale Populaire (BCP). The deal sees the IFC and two of its captive funds acquire
Adenium sets up venture arm
Dubai-based Adenium Energy Capital has launched a venture platform to focus on the Middle East and Africa (MENA) region, and the surrounding Asian and African countries.
Adenium VenturesSilk Invest buys into El Rashidy El Mizan
Silk Invest has acquired a significant minority stake in an Egypt-based food producer, El Rashidy El Mizan (EREM). The deal was priced at 5x earnings before interest tax and
Norton Rose opens Morocco Office
Norton Rose is set to open a new office in Morocco by the end of September, as it rolls out its strategy to expand its footprint across Africa The
Abraaj buys Amundi’s African PE platform
Abraaj Capital has acquired Amundi’s North African private equity platform from Société Générale and Crédit Agricole. The agreement will see Abraaj Capital take over Amundi’s stake in the $161
UK-Africa private equity pact signed
The Africa Venture Capital Association (AVCA) has signed an agreement to receive support from the British Venture Capital Association (BVCA) - a deal supported by the UK Prime
Vantage mezz fund gets $25m from AfDB
South Africa-based private equity investor Vantage Capital has received a $25million commitment to its Vantage Capital Fund II (VCF II) from the African Development Bank (AfDB). VCF II is
Citadel gets approval to raise $175m
Citadel Capital has received clearance from the Egyptian Financial Supervisory Authority to call a shareholders' meeting to raise its capital by $175million (E£ 1.05billion). The regulator is understood to have












