December 9th, 2019
The  weekly roundup of Africa's Private Capital news

For colleagues interested in having their own access, please email us today
  

Welcome to the latest preview of our weekly wrap of the most interesting Africa-related private equity, infrastructure and venture capital deal stories, market opinion articles and information pieces. 
  
Between now and the end of January, we're offering new subscribers the opportunity to access  Africa Capital Digest's full service for $100 off the regular price of an annual subscription. Invest in the special offer today and benefit from:  
  • Reading the full stories behind the headlines below
  • Finding out deal values, stake sizes, and the investment professionals involved
  • Discovering how the fresh capital will be put to work  
  • Learning about any new funds raised, their LPs, their regional and sector strategies
  • Tracking portfolio company add-ons, stake sales and exits that impact their values
  • Accessing more than 5 year's worth of searchable, archived content
Take us up on this special offer now by clicking the following link:
 

Once again, many thanks for being a reader. I hope you take us up on our offer. If you have any questions, please email Allan Cunningham today.
This week's issue supported by...             
AFSIC 2020
Fund & Fundraising News...
Private Equity
Apis hits increased hard-cap for Fund II's final close
Apis Partners' second private equity fund has closed well above its initial target of $400 million. The London-headquartered investment firm has raised. ..

Financial services sector investment specialist Apis Partners beats goal and increased hard-cap at second fund's final close
Image Credit: Pixabay
Private Equity
Triple Jump to manage new $120mln off-grid energy fund
Triple Jump will manage a newly-launched energy investment fund focused on sub-Saharan Africa which has been set up by the Shell Foundation and FMO...
Private Equity
DPI lands another DFI commitment for Fund III
Development Partners International has secured another investment from a European development finance institution for its third fund...
Private Equity
FMO mulls investment in prior employees' third fund
FMO is mulling an investment in a fund sponsored by a private equity fund management firm founded by two of the development institution's former employees...
Get ready for 2020!
Sharpen your team's market insight week in, week out
Invest in a cost-effective custom team deal

Benefit from as much as 25% off a standard team membership to Africa Capital Digest.

Get your team unlimited 24/7 access, on desktop and mobile, at the best price today!

Keeping abreast of what is happening helps hone your team's deal sourcing, client management and capital raising effectiveness; knowing who is involved in the deals fast tracks your team's business development success; cut through the noise with a resource that is both Africa-focused and Africa-specialized, like you.

Email Teresa Hall today to design a team membership that works for you and your organization. Don't miss out on this time-limited offer
Deal News...
Private Equity
LGT Lightstone leads investors backing Copia
Impact investor LGT Lightstone is leading a group of investors backing Kenya's Copia, an online shopping service that serves...
Private Equity
Migo secures $20mln for Series B from banner investors
Migo, a financial technology company with significant presence and operations in Nigeria, has secured $20 million from a banner group of existing and new investors...
Private Equity
Norfund backs Madagascar's We Light
Norfund has agreed to make an investment in We Light, a mini-grid company in Madagascar. The Norwegian development finance institution is investing...
Private Equity
DOB Equity backs Tanzanian agribusiness
DOB Equity is making an investment in a producer of premium vanilla products based in Moshi, Tanzania. The Dutch family office impact investor is putting...
Companies, People & Profiles...
Private Equity
Gridworks' first deal achieves financial close
Gridworks Development Partners, an electricity investment platform capitalized by Britain's CDC Group, announced it had achieved financial close for its first deal...
Companies, People & Profiles...
People
Bohigian set to leave OPIC
David Bohigian, who took over as Acting CEO of OPIC, the US government's development finance institution, in March this year is leaving the agency...
Current Job Postings...
Job of the week...             
New this week...
Associate, Africa Funds, Funds & Capital Partnerships at CDC 
// cdcgroup.com
Based in London, United Kingdom
Head, Brand & Communications at LeapFrog Investments
 
// leapfroginvest.com
Based in Sydney, Australia
Director, Head of Investor Desk, Funds & Capital at CDC
// cdcgroup.com
Based in London, United Kingdom
New this week...
Senior Investment Professional, Water & Sanitation at Climate Fund Managers
// climatefundmanagers.com
Based in Cape Town, South Africa
Senior Investment Officer, Energy Debt at responsAbility
 
// responsability.com
Based in Nairobi, Kenya
Private Equity Associate at Old Mutual Private Equity 
// oldmutual.co.za
Based in Pinelands, South Africa
New this week...
Associate, Capital Raising at Climate Fund Managers
 
// climatefundmanagers.com
Based in The Hague, Netherlands
Upcoming Conferences...
Highlighted Event...             
SAVCA 2020 Annual Conference 
Stellenbosch, South Africa, Februay 25th to February 27th, 2020
Investing in African Mining Indaba 
Cape Town, South Africa, February 3rd to February 6th, 2020
Africa Tech Summit 
Kigali, Rwanda, February 4th to February 6th, 2020
Powering Africa Summit 
Miami, United States, February 24th to February 26th, 2020
Bonds, Loans & Sukuk Africa 2020 
Cape Town, South Africa, March 10th to March 11th, 2020
AFSIC 2020   // afsic.net
London, United Kingdom, May 5th to May 7th, 2020
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

Africa Capital Digest is a product of Rowayton Press 
Customer Service |  [email protected] | P.O. Box 141,
Rowayton, CT 06853, USA