Thursday, February 27, 2020

Blackstar notches 4x on Ferro exit

Blackstar Group has sold its 54% stake in South Africa-based paint and coatings manufacturer Ferro Industrial Products for $30.43 million (R220m). The deal is subject to regulatory approval.

HBD sells Fundamo to Visa

Early-stage investor HBD Venture Capital has sold its stake in South-Africa-based mobile payment company Fundamo, in a $110million trade deal to Visa.

I&P exits Mauritius Union Assurance

I&P Capital has reportedly exited its stake in insurance company Mauritius Union Assurance to a consortium of Mauritian Investors.

Aureos exits Shelys

Aureos Capital's East Africa Fund has sold its stake in Shelys Africa Limited to strategic buyer, Aspen Pharmacare Holding. The deal amount has not...