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A MESSAGE FROM OUR SUPPORTERS
Standard Bank closes $250m strategic financing for Aradel Energy
Standard Bank has successfully achieved financial close on a landmark $250 million financing facility for Aradel Energy. Read more
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. South Africa: RMB Corvest backs Process Automation
RMB Corvest and Shalamuka Capital have acquired a minority stake in South Africa-based Process Automation, partnering with CEO Larry Smith, who retains his majority shareholding.
The transaction follows the exit of Evolve Capital Partners.
Process Automation is an original equipment manufacturer that designs, engineers, manufactures and supports high-precision measurement and control instrumentation solutions for the mining, mineral processing and bulk material handling sectors. Read the full article
2. Retail Holding and Amethis acquire the operations of OCS in Morocco and Senegal
Retail Holding, a Moroccan group in the food and specialised retail sector, and Amethis MENA Fund II, announced the acquisition of the operations of the OCS Group in Morocco and Senegal. The Retail Holding-Amethis consortium succeeds investment funds Adenia and Proparco, shareholders of the OCS Group since 2021.
Founded as a catering operator in 2009, OCS established itself within a decade as one of the two leading players in the Moroccan market, before diversifying its activities by integrating a comprehensive facility management offering. Read the full article
3. European Investment Bank commits to Apis fund
The European Investment Bank has disclosed an equity investment of $80 million in the Apis Growth Fund III, managed by Apis Partners.
Apis Growth Fund III has a target of $1 billion. Read the full article
4. Nigeria: Sahel Capital makes follow-on investment in agribusiness firm
Sahel Capital has closed a $1.5 million working capital loan to Rasad Nigeria, a family-led agribusiness based in Ogun State that aggregates cocoa and cashew from over 1,000 smallholder farmers and aggregators across Nigeria, through its Social Enterprise Fund for Agriculture in Africa (SEFAA).
The new facility represents a renewal and scale-up of SEFAA’s earlier financing and will support Rasad’s growing working capital needs across the cocoa value chain. Read the full article
5. Nedbank Private Equity in industrial services deal
Nedbank Private Equity acquired a significant minority equity stake in Waco International Holdings, a diversified equipment hire and industrial services group. The company has operations across South Africa, sub-Saharan Africa and Australasia.
Founded in 1945, Waco employs more than 7,500 people and operates over 120 branches in 13 countries. Its diversified platform underpins infrastructure development and industrial services across multiple sectors. Read the full article
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