Connecting Africa’s Visionaries: Vuka Group’s Commitment to Transformative Green Projects

Vuka Group and Africa’s Green Economy Summit are spearheading efforts to boost Africa’s inclusive economic growth by connecting project owners with a global network of investors. This strategic initiative aims to accelerate vital projects, promoting sustainability and prosperity across the continent. Elodie Delagneau, Investment Lead at Vuka Group, emphasised the group’s success in linking ambitious…

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RMB Corvest and partners facilitate a MBO of Nampak Liquid Cartons

RMB Corvest, in partnership with Dlondlobala Capital, have concluded a successful management buyout of Nampak Liquid Cartons (a division of Nampak Products Ltd (“Nampak Products”)), Nampak Zambia and Nampak Malawi. Nampak Liquid Cartons is a separate business division under Nampak Products which manufactures, sells and supplies paper products used to package beverages, including Pure-Pak and…

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AIH Capital’s AIH Fund 1 acquires 49% shareholding in HDC

We are pleased to announce that in June 2024, AIH Fund I, under the management of AIH Capital, closed its second deal with High Duty Castings (HDC), acquiring a 49% shareholding in the manufacturing company. HDC is a leading cast iron foundry with blue-chip and multi-national clients and has been successfully operating for over 3…

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Old Mutual Private Equity Exits Chill & Inhle Beverages

  Old Mutual Private Equity (OMPE) has sold its stake in Chill & Inhle Beverages, the owners of well-known brands such as Fitch & Leeds and Score energy drinks, to a private equity consortium led by Alterra Capital Partners. The transaction closed on 14 October 2024. The transaction follows Old Mutual Private Equity’s delisting of…

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Phatisa, Masimong, and Sabvest Sell 100% Interest in Rolfes to Solevo Group

Phatisa, Masimong, and Sabvest Sell 100% Interest in Rolfes to Solevo Group, Strengthening its Pan-African Specialty Chemicals Market Presence Strategic Transformation of Rolfes: Rolfes has been strategically transformed into a leading diversified chemicals provider, expanding its reach across Africa and Europe and strengthening its market position. Unlocking New Opportunities for Growth: The sale to Solevo…

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Metier invests in Blinkwater Meule

Metier Capital Growth Fund III invests in one of the largest independent maize millers in South Africa Metier, through its Capital Growth Fund III (“MCGF III”), has partnered with the van den Berg family in an investment into Blinkwater Meule (“Blinkwater”), a vertically integrated maize meal producer and retailer in South Africa. Blinkwater manufactures quality…

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South Africa: Infinite Partners exits to Bidvest

Infinite Partners, a South Africa-based private equity fund manager, has announced the exit of Synerlytic, which housed WearCheck as its remaining operating entity. WearCheck is one of the leading condition monitoring specialists on the African continent, processing more than 800,000 samples per annum. While the company’s core business is the scientific analysis of used oil,…

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HAVAÍC completes first close of its African Innovation Fund 3

The fund has secured $15 million in commitments for its first close. Cape Town-headquartered venture capital firm HAVAÍC has announced the first close of its African Innovation Fund 3, which has a target of $50 million. In partnership with cornerstone investors Universum Wealth and The SA SME Fund, as well as local and international family…

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Ticketmaster Expands Presence in Africa with Acquisition of Quicket

Ticketmaster, the world’s leading ticket marketplace, is acquiring Quicket, a major player in Africa’s General Admission event and festival ticketing, to further support the rapidly growing live events market across the continent. Having launched in the market in 2022, Ticketmaster serves some of South Africa’s leading festivals, sports, music, theatre, and venue clients. The partnership with…

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South Africa: Admaius Capital Partners in mining supplier deal; Ethos spin-off exits

Admaius has announced the acquisition of The Particle Group. Admaius Capital Partners, an Africa focused private equity investor, has acquired a stake in The Particle Group (TPG), a supplier to the mining industry. TPG is headquartered in Johannesburg, South Africa but has operations globally. TPG manufactures and sells specialist chemical products called certified reference materials…

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Metier exits to Infra Impact Investment Managers

Infra Impact Investment Managers has acquired a majority equity stake in Oricol Environmental Services from Lereko Metier Environmental Solutions Holding. The successful share sale transaction sees the Infra Impact Mid-Market Infrastructure Fund 1 become the new majority shareholder in the company, effective 4 June 2024, after the deal met all the required regulatory approvals. Oricol…

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Alterra-led consortium agrees to acquire Chill Beverages

Alterra Capital Partners has partnered with Mineworkers Investment Company (“MIC”) and Admaius Capital Partners, together the (“Alterra Consortium”), to acquire a majority stake in Chill Beverages (“Chill”) from Old Mutual Private Equity. This acquisition marks the first investment by Alterra’s Africa Accelerator Fund (“AAA Fund”) and demonstrates the Alterra Consortium’s commitment to support African companies…

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SA Startups Return $17 Million to Investors in 2022 – A Deep Dive

SA VC investors made $17 million from exits in 2022, a 3x return. However, loss-making deals still outnumbered the return-making ones. South African venture capital investors saw a 3x return on exits in 2022, totaling $17 million, according to the Southern Africa Venture Capital Association (SAVCA) survey. While this represents significant returns, the survey also…

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ICT Sector Comes Out Tops In Latest Southern Africa Venture Capital Industry Survey

A low-growth economy, high unemployment and the mounting pressures posed by the ongoing energy crisis have continued to weigh heavily on start-ups in Southern African over the past year. Early-stage investors likewise reported that these challenges have had a material impact on the local venture capital industry, with an overall decrease in the value of…

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Anglo American lifts despite copper slip, and JSE gets a secondary listing

24 October 2023: Mining giant Anglo American seemingly managed to please the market with news most of its guidance for 2023 remains unchanged, while the JSE got its latest entrant with the secondary listing of healthcare-focused UK landlord Primary Health Properties. Mining giant Anglo American on Wednesday kept its 2023 production guidance mostly unchanged, reporting…

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INVESTORS BET BIG ON LOCALLY DEVELOPED AGRI-TECH FARM SOLUTION

Boost for local champion bringing tech-enabled farm management solutions to African agriculture FarmTrace, based in Tzaneen, Limpopo and Stellenbosch, Western Cape, is the only cloud-based farm management tool that offers a diverse range of tools to help farmers manage their operations. The FarmTrace software integrates all production activities into a single management platform and this…

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Making Venture Capital More Inclusive

Global Alliance Africa are delighted to present a report prepared by Briter Bridges who have also successfully delivered a stakeholder roundtable and follow-up discussions in order to collate information for this report. Click here to view the full article.

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SA’s most promising businesses recognised at SAVCA Industry Awards

11 November 2022: A multi-store, e-commerce start-up and an energy drink brand were among the winners at this year’s SAVCA Industry Awards, hosted by the South African Venture Capital and Private Equity Association (SAVCA) in partnership with Investec. The awards platform recognises the achievements of regional portfolio companies who have leveraged the backing of venture…

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