SilverStreet raises $198m from PKA and OPIC
UK-based SilverStreet Capital has received approximately $198million worth of commitments from the Danish pension fund Pensionskassernes Administration (PKA) and the Overseas Private Investment Corporation (OPIC).
ICEA et al. launch SME fund
Kenya-based Insurance Company of East Africa (ICEA) has partnered with the Norwegian Investment Fund for Developing Countries (Norfund) and Imara Securities to launch a $100 million private equity fund.
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.
Vital I reaches $250m first close
Vital Capital Investments has attracted $250 million at the first closing of its maiden Africa-focused agriculture and real estate fund, Vital Capital Fund I.
BGL backs Nigerian shipping deal
BGL Private Equity is reportedly working on plans to back a ship building deal in Nigeria.
ACA backs $750m Union Bank deal
Nigeria-based private equity investor, African Capital Alliance (ACA), has reportedly led a $750million investment in Union Bank of Nigeria.
3i-backed SLR buys Metago for £7m
3i portfolio company SLR Management has acquired a South African mining environmental consultancy, Metago International Holdings for an estimated£7 million ($11.4million).
Inspired Evolution invests R52.5m in Abagold
Inspired Evolution has invested R52.5m in Abagold.
ACA gets $7m from EDC
African Capital Alliance (ACA) has received a $7m commitment for its Capital Alliance Private Equity III from the Export Development Canada (EDC).
Horizon TechVentures fund returns 40%
Horizon Equity Partners has fully realised its Horizon’s TechVentures Fund, achieving an internal rate of return of 40% for its investors.
