We highlight five West African private capital transactions, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. View the latest issue here
1. Helios to acquire Nigerian glass business
Frigoglass Group has agreed to sell its entire shareholding in Frigoinvest Nigeria Holdings to Helios Investment Partners for up to €100 million. The Nigerian holding company owns Beta Glass and Frigoglass Industries Nigeria, which manufacture glass containers, plastic crates and metal crowns
2. Mediterrania Capital Partners leads €100m co-investment in banking group
Private equity firm Mediterrania Capital Partners has announced a €100-million co-investment in Coris Holding, the second largest banking group in the West African Economic and Monetary Union (WAEMU). The transaction was executed alongside several European development finance institutions – FMO, British International Investment, BIO from Belgium, and Impact Fund Denmark.
3. AfricaWorks Investment Partners closes first deal
AfricaWorks Investment Partners, the real estate investment arm of flexible workspace operator AfricaWorks, has completed its first deal since launching in early 2026. The firm has acquired a site in Lagos, Nigeria, for a mixed-use business park development.
4. Amethis buys majority stake in Côte d’Ivoire’s Ademat
Amethis has acquired a majority stake in Ademat, a Côte d’Ivoire-based provider of power security solutions, buying out SPE Capital’s controlling position. Founded in 1983, Ademat covers the entire value chain of power security solutions.
5. IFC and Sony Innovation Fund Africa in Nigerian film industry deal
The International Finance Corporation (IFC) has made an investment into Filmmakers Mart (FMM), Africa’s first integrated digital production platform. This marks IFC’s first investment in Nigeria’s audiovisual sector and its first co-investment with Sony Innovation Fund Africa. FMM connects creatives to essential production services including location scouting, logistics coordination, catering, and permit acquisition.
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