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DPI strikes ninth bet from one of largest PE funds of Africa

Finance

29 October, 2024

DPI strikes ninth bet from one of largest PE funds of Africa

Africa-focused private equity firm Development Partners International (DPI), which manages assets and co-investments worth over $3 billion across three investment ......

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Exclusive: Micro Labs set to acquire Nigerian generics company

Healthcare

13 September, 2024

Exclusive: Micro Labs set to acquire Nigerian generics company

Bengaluru-based pharmaceuticals firm Micro Labs Ltd, one of the largest privately held pharma companies in India, is close to acquiring a Nigerian ......

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Nigerian PE African Capital Alliance set to exit decade-old bet

Finance

26 August, 2024

Nigerian PE African Capital Alliance set to exit decade-old bet

African Capital Alliance (ACA), a West Africa-focused private equity firm that backs mid to large-cap companies and manages assets worth ......

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Flutterwave backer LoftyInc courts offshore LP as it aims to quintuple AUM with new Africa VC fund

Finance

08 May, 2024

Flutterwave backer LoftyInc courts offshore LP as it aims to quintuple AUM with new Africa VC fund

LoftyInc Capital, a pan-African early-stage venture capital firm, is likely to secure commitment from a European development finance institution for ......

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Africa's Verod Capital appoints another partner in bid to grow

People

01 May, 2024

Africa's Verod Capital appoints another partner in bid to grow

West African private equity investor Verod Capital, an investor in African companies like Africa Lifestyle, I-Fitness,IT player Ison Xperiences, pharma ......

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European IT giant Asseco Group set to log out of Nigeria unit

TMT

30 April, 2024

European IT giant Asseco Group set to log out of Nigeria unit

Asseco Group, the Poland-headquartered software giant with a presence in over 50 countries, plans to exit the Nigerian market by ......

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LeapFrog-backed African financial services firm finds a strategic buyer

Finance

25 January, 2024

LeapFrog-backed African financial services firm finds a strategic buyer

Emerging markets-focused private equity and impact investment firm LeapFrog Investments has found a strategic buyer for one of its African financial services ......

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Nigerian SWF teams up with two tycoons, PE-style firm to build multipurpose arena

Infrastructure

10 January, 2024

Nigerian SWF teams up with two tycoons, PE-style firm to build multipurpose arena

The sovereign wealth fund of Nigeria has joined hands with two local business tycoons and a private equity-style firm to ......

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Verod Capital, AfricInvest pick up majority stake in iSon Xperiences

TMT

18 October, 2023

Verod Capital, AfricInvest pick up majority stake in iSon Xperiences

African private equity firms Verod Capital and Africinvest have partnered to acquire a majority stake in business process outsourcing (BPO) ......

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Exclusive: Actis set to revisit a real estate asset in West Africa

Infrastructure

23 June, 2023

Exclusive: Actis set to revisit a real estate asset in West Africa

Alternative investment firm Actis is close to striking a deal in West Africa that would see it return to an ......