March 25th, 2019
The  weekly roundup of Africa's Private Capital news

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This week's issue supported by...             
Off Grid 2019
Deal News...
Private Equity
TPG-backed Wilderness Holdings to be taken private
It looks like Wilderness Holdings, the ecotourism group backed by TPG Growth's Rise Fund last year, is set to go private...

Wilderness Holdings, which TPG Growth's Rise Fund backed last year, looks set to go private
Image Credit: Pixabay
Private Equity
Verod teams with Persistent Energy to back solar deal
Lagos-based Verod Capital Management is teaming up with Persistent Energy to back a West African solar power generation company...
Private Equity
Kibo Capital Partners backs venture investment firm
Kibo Capital Partners has agreed to make an equity investment in a venture investment company that backs tech companies in Easy and West Africa...
Private Equity
SPEAR Capital makes maiden deal for second fund
SPEAR Capital has announced that they have completed the first deal for their second fund. The Africa-focused private equity fund is investing...
Private Debt
PEG Africa raises $25 million in debt/equity
Solar home system distributor PEG Africa has raised $25 million of combined debt and equity in a financing round led by CDC Group...
Venture Capital
FlexClub closes seed round led by CRE Ventures
In January, FlexClub, a managed marketplace connecting ride-hailing drivers and investors, raised seed capital in a round led by CRE Ventures...
Projects & Portfolio Company News...
Private Equity
PE-backed Themis to develop natural gas power project
Themis, who partnered with Denham Capital to launch an African power investment platform last year, is teaming up with Kingline Development to develop a natural gas-fired power plant in Nigeria....
Private Equity
South Africa's Sovereign Foods buys Midrand hatchery
One of South Africa's largest private equity-backed poultry producers is adding a Midrand hatchery to its portfolio of business units...
Funds & Fundraising News...
Venture Capital
EIB mulls commitment to West African startup fund
The European Investment Bank is considering a commitment to a new Abidjan-based startup fund. The fund...
This week's issue supported by...             

KudosAfrica 2019
Sectors, Trends & Perspectives...
Perspectives
Linking Africa's 7 largest exchanges
Writing in Africa Capital Markets News, Tom Minney outlines the ambitious project to link the continent's 7 largest exchanges...
Strategies
EBRD weighs up Africa development push
Following its success in the MENA region, the European Bank for Reconstruction and Development's CEO is keen to enter sub-Saharan Africa. ..
Companies, People & Profiles...
People
Orrick names new Africa practice head
The multinational law firm, Orrick, has a new head for its Africa practice...
Companies
Quantum resolves year-long dispute with FSDEA
After a year of legal wrangling, Quantum Global Group announced that they have reached a confidential settlement with Fundo Soberano de Angola ...
Current Job Postings...
Jobs of the week...             
New this week...
ESG Manager at Verod Capital  // verodcapital.com
Based in Lagos, Nigeria
Fund Partner & MD, East Africa at Samata Capital  // samatacapital.com
Based in East Africa
Sustainability & ESG Specialist at Actis  // act.is
Based in London, United Kingdom
New this week...
Investment Banker, Diversified Industrials/FMCG at Nedbank  // nedbank.co.za
Based in Johannesburg, South Africa
New this week...
Manager, Corporate Strategy at CDC  // cdcgroup.com
Based in London, United Kingdom
New this week...
Investment Analysts at IFC  // ifc.org
Based in Multiple Locations
Upcoming Conferences...
Highlighted Event...             
16th Annual AVCA Conference 
Nairobi, Kenya, April 1st to April 5th, 2019
Africa Energy Forum: Off the Grid 
Addis Ababa, Ethiopia, March 27th to March 29th, 2019
Regional Energy Cooperation Summit East 
Addis Ababa, Ethiopia, March 27th to March 29th, 2019
AFSIC 2019, Investing in Africa 
London, United Kingdom, May 8th to May 10th, 2019
New this week...
21st EMPEA Global Private Equity Conference 
Washington, DC, United States, May 13th to May 15th, 2019
New this week...
Africa Tech Summit 
London, United Kingdom, June 11th, 2019
Africa Energy Forum 
Lisbon, Portugal, June 11th to June 14th, 2019
New this week...
TMT Finance Africa 2019 
London, United Kingdom, November 28th, 2019
And finally...
We hope you found the digest to be a useful summary of the major happenings in Africa's private capital markets last week.  We'd love it if you shared it with colleagues and business partners. They can subscribe to Africa Capital Digest and receive full access to the service if they take a moment  to  sign up here today.

Best wishes for a productive week - if you have any tips, suggestions, questions or comments, please get in touch.

All the best,
 
- Allan
 
Allan Cunningham
Editor & Publisher
AfCD | Africa Capital Digest

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