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A MESSAGE FROM OUR SUPPORTERS
Standard Bank backs Mulilo’s Mercury battery storage project
Standard Bank was appointed as co-mandated lead arranger, lender, co-hedging bank and account bank. Read more
Here are summaries of the five most widely read stories over the past week on Africa Private Equity News.
1. South Africa: Investor consortium backs Vertice MedTech
Amethis, Proparco, ccap.ai and management have completed their investment in Vertice MedTech Holdings.
Founded in 2018 by a management group led by Hendri Pretorius, in partnership with Ethos Private Equity, Vertice has established itself as an independent distributor of specialised medical devices and a provider of healthcare software and mobile healthcare solutions in Southern Africa.
ccap.ai is the private investment vehicle founded by Nic Kohler, Willem Roos, Michael Jordaan and Roger Grobler. Read the full article
2. Proparco commits $17.25m to Alterra Africa Accelerator Fund
Proparco, the French development finance institution, has committed $17.25 million to the Alterra Africa Accelerator Fund LP (AAA Fund), a pan-African growth equity fund managed by Alterra Capital Partners.
The AAA Fund invests in profitable, growth-stage businesses across Africa, with a focus on East and Southern Africa. Alterra targets domestic-facing companies that serve basic consumer and vital business needs. Read the full article
3. Launch Africa Ventures appointed investment advisor to Botswana Tech Fund
Venture capital firm Launch Africa Ventures has been appointed as the investment advisor for phase one of the Botswana Tech Fund, a multi-stage £50 million venture fund focused on digitising businesses across Southern Africa. The appointment forms part of Launch Africa Ventures’ managed accounts strategy, advising on third-party investment mandates. Read the full article
4. Mediterrania Capital Partners in packaging deal
Mediterrania Capital Partners has signed an agreement for the acquisition of 100% of Société Marocaine des Manufactures de Mohammedia, the holding company of Amcor Flexibles Mohammedia (AFM).
AFM is a Moroccan manufacturer of flexible packaging solutions, primarily serving the dairy industry, as well as the pharmaceutical, food and home and personal care sectors. Read the full article
5. Sango Capital provides liquidity via continuation vehicle
Sango Capital announced the successful execution of a continuation vehicle for the residual multi-manager assets from its inaugural fund, Sango Capital Partners. The continuation vehicle, a first-of-its-kind in the market, has attracted new European LP capital and provided additional liquidity to the original fund LPs. Read the full article
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