June 17th, 2019
The  weekly roundup of Africa's Private Capital news
  

HHere's your weekly preview edition to this week's Africa Capital Digest. It was an interesting week and we're pretty sure you'd get a lot of value from having the access to the full stories behind the headlines.

Here's 6 questions about the deals below that full access would answer for you:

1. How much is Coca-Cola paying for Centum's two bottling businesses?
2. Who will represent OMPE on Footgear's board?
3. How big a stake does Ethos now hold in TymeBank?
4. Who advised ECP on their deal for IATF?
5. Who is going to lead CDC's new electricity platform company Gridworks?
6. Which of Twiga's earlier investors are partialing exiting their stakes to Creadev?

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This week's issue supported by...             
Deal News...
Private Equity
Centum sells bottling assets to Coca-Cola
In a regulatory announcement last week, Centum Investments announced that it is selling its private equity interests in two bottling firms to a subsidiary of Coca-Cola...

In the biggest deal of the week, Centum agrees to sell its interest in two bottling frims to Coca-Cola.
Image Credit: Pixabay
Private Equity
OMPE buys stake in South African footwear retailer
Old Mutual Private Equity is buying a stake in a leading South African footwear retailer...
Private Equity
Ethos AI Fund makes investment in ARC's TymeBank
Ethos Private Equity is making an investment in TymeBank, a digital bank owned by African Rainbow Capital which was launched in February this year...
Private Equity
ECP backs logistics sector fintech business
Emerging Capital Partners is making an investment for its fourth fund which closed with $640 million late last year. The private equity firm is taking...
Private Equity
AfricInvest expands stake in publicly-listed insurer
Tunis-based AfricInvest has expanded its stake in Britam, a Nairobi Stick Exchange-listed insurance group. The private equity fund manager is investing...
Private Equity
Sahel-managed FAFIN backs shea butter business
For the Fund for Agriculture Finance in Nigeria's (or FAFIN) latest investment, Sahel Capital has struck a deal to acquire a stake in Ladgroup...
Private Debt
AgDevCo makes first deal in Kenya
Social impact investor AgDevCo is making its first deal in Kenya, backing a consortium of macadamia processors and exporters in partnership with...
Infrastructure
Mergence invests in Namibian solar plant
Mergence announced that it has acquired a stake in a Namibian solar plant through its infrastructure and developmental investment arm, Mergence Unlisted Investment Managers, (Namibia)...
Venture Capital
HAVAÍC backs MPost in pre-Series A round
Last week Cape Town-based HAVAÍC announced that it backed MPost in a pre-Series A round earlier this year...
Funds & Fundraising news...
Private Debt
SunFunder and SNV to manage financing facilities
SunFunder and SNV Netherlands Development Organization are joining forces to manage three new financing facilities for solar and clean cookstoves...
Projects & Portfolio Companies...
Private Equity Infrastructure
CDC launches new electricity platform company
CDC, the UK's development finance institution, is capitalizing a new electricity investment platform...
Private Equity
Family office deal gives Twiga investors partial exits
Creadev, a French family office, is making a secondary investment in Twiga Foods, buying partial stakes in the Kenyan company from some...
Private Debt
Nordic DFIs invest debt in Nigeria's StarSight
StarSight Power Utility, a Nigerian energy services business which counts some high profile private capital investors among its backers, has signed a debt financing deal....
Current Job Postings...
Jobs of the week...             
Investment Manager/Director, Financial Institutions, Debt at CDC  // cdcgroup.com
Based in London, United Kingdom
Investment Manager at Afreximbank  // afreximbank.com
Based in Cairo, Egypt
New this week...
Deal Team Manager at CDC  // cdcgroup.com
Based in London, United Kingdom
New this week...
Manager, M&A Analytics, Financial Advisory TAS at Deloitte  // deloitte.com
Based in Woodlands, South Africa
ESG Manager at Impala Energy  // impalaenergy.com
Based in London, United Kingdom
New this week...
Transaction Advisor, Clean Energy at CrossBoundary  // crossboundary.com
Based in Abidjan, Cote d'Ivoire
Investment Associate, Impact Funds at CDC Group  // cdcgroup.com
Based in London United Kingdom
New this week...
Associate, Development Impact at CDC  // cdcgroup.com
Based in London, United Kingdom
Investment Analyst at Afreximbank  // afreximbank.com
Based in Cairo, Egypt
New this week...
Analyst at CrossBoundary  // crossboundary.com
Based in Washington, DC, United States
Upcoming Conferences...
Highlighted Event...             
AfricArena 
Cape Town, South Africa, November 11th to November 12th, 2019
U.S.-Africa Business Summit 2019 
Maputo, Mozambique, June 18th to June 21st, 2019
New this week...
Renpower Zimbabwe 2019 
Harare, Zimbabwe, July 3rd, 2019
New this week...
Renpower Angola 2019 
Luanda, Angola, July 18th, 2019
Bonds, Loans & Sukuk East Africa 2019 
Nairobi, Kenya, September 17th, 2019
Africa Property Investment Summit & Expo 
Johannesburg, South Africa, October 2nd to October 3rd, 2019
TMT Finance Africa 2019 
London, United Kingdom, November 28th, 2019
SuperReturn Africa 
Cape Town, South Africa, December 2nd to December 4th, 2019
New this week...
Bonds, Loans & Sukuk Nigeria 2019 
Lagos, Nigeria, December 3rd, 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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