July 22nd, 2019
The  weekly roundup of Africa's Private Capital news
  

Here'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. Which law firm advised Actis on its takeover of a pair of Abraaj funds?
2. Who were the investment professionals who led Footgear's acquisition last week?
3. How much did AHL Ventures and DOB Equity invest in CropNut?
4. What size stake does EXEO now hold in PPHL?
5. How is CBEA's deal for PowerGen's assets structured?
6. How much did SA SME Fund invest to anchor 4Di Capital's latest fund?

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This week's issue supported by...             
Deal News...
Private Equity
Actis takes over two Abraaj funds
Actis confirmed last week that it has assumed management rights to a pair of private equity funds from the now insolvent Abraaj Group. With almost...

OMPE=backed Footgear acquires Edcon Group stores chains Edgars Active and High Key
Image Credit: Pixabay 

Private Equity
EXEO Capital makes fifth deal for $146mln Agri-Vie II
EXEO Capital, managers of the Agri-Vie funds, announced last week that it had completed an investment in a Tanzanian packing manufacturer last month...
Private Equity
AHL Ventures and DOB back agriservices business
AHL Venture Partners has led an equity investment in a Kenya-based agricultural laboratory and agronomy services company. Dutch family office DOB Equity is...
Private Equity
XSML invests in Uganda's Ice Industries
XSML Capital's African Rivers Fund is backing Uganda's Ice Industries, a producer of the flake ice needed to keep produce fresh and cold...
Private Equity Infrastructure
CBEA seals first deal with PowerGen transaction
CrossBoundary Energy Access (CBEA), a mini-grid project financing facility set up earlier this year, has struck its first deal. The blended finance structure is investing...
Funds & Fundraising News...
Private Equity
EIB approves commitment to Okavango's first fund
Following the announcement in April that the European Investment Bank was considering a commitment to Okavango Capital's first fund...
Venture Capital
SA SME Fund anchors 4Di's latest venture fund
4Di Capital has landed the SA SME Fund as the anchor investor for Capital Fund III, its recently-launched venture investment fund...
This week's issue supported by...             
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As you know, every week Africa Capital Digest provides your team with news on all the deal, fundraising and people moves news they need know about. Keeping abreast of what is happening helps hone their deal sourcing, client management and capital raising effectiveness.

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Projects & Portfolio Companies...
Private Equity
OMPE's Footgear buys  Edcon  assets
Following last month's acquisition of a majority of its shares by Old Mutual Private Equity, Footgear is buying two divisions from the Edcon Group...
Strategies, Trends & Perspectives...
Trends
China's "hidden lending" in Africa
Brookings' Africa Growth Initiative analyses the extent of China's "hidden lending" in Africa. ..
Read more ...
Trends
South Africa's 10 largest venture deals of 2019
Industry publication  Ventureburn lists South Africa's ten largest venture deals so far this year. ..
Current Job Postings...
Jobs of the week...             
Executive Director, Advisory at Lions Head Global Partners  // lhgp.com
Based in London, United Kingdom
Partner, Capital Services Projects at ERM  // erm.com
Based in Johannesburg, South Africa
Senior Consultant, Social Impact Assessment at ERM  // erm.com
Based in Johannesburg, South Africa
Investment Director, Direct Equity, Manufacturing at CDC  // cdcgroup.com
Based in London, United Kingdom
Investment Associate, Debt, Project Finance at CDC  // cdcgroup.com
Based in London, United Kingdom
New this week...
Associate, Mezzanine Investment at Vantage Capital  // vantagecapital.co.za
Based in Johannesburg, South Africa
New this week...
Investment Associate, Financial Institutions Equity at CDC  // cdcgroup.com
Based in London, United Kingdom
Upcoming Conferences...
Highlighted Event...             
SuperReturn Global Infrastructure 
London, United Kingdom, September 16th to September 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
Africa PPP 2019 
Cape Town, South Africa, October 22nd to October 24th, 2019
AfricArena 
Cape Town, South Africa, November 11th to November 12th, 2019
TMT Finance Africa 2019 
London, United Kingdom, November 28th, 2019
SuperReturn Africa 
Cape Town, South Africa, December 2nd to December 4th, 2019
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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