DealMakers AFRICA
Automotive technology company Autochek has entered the Egyptian market through the acquisition of a majority stake in AutoTager for an undisclosed sum. The acquisition expands Autochek’s operations to 9 countries in East, West and North Africa.
CoaChess, a Tunisia-based gaming platform founded in 2021, has received $191,000 in pre-seed funding from Omicrone. The company utilizes AI-powered tools to make the game of chess accessible to players of all skill levels.
Solibra has sold its water bottling business which operates under the Awa and Cristaline brands. The Castel Group subsidiary, based in Côte d’Ivoire is refocusing on its core business. Financial terms were not disclosed.
Development Partners International, South Suez and DEG have acquired 100% of the Solevo Group from Helios Investment Partners for an undisclosed sum. Helios first invested in the specialty chemicals distribution platform in 2017. Solevo operates across eight countries in West and Central Africa.
Chekkit, a Nigerian anti-counterfeiting startup, has raised an undisclosed amount of funding from Adaverse and existing investors RTA, HoaQ, Launch Ventures and Blockchain Founders Fund.
AgDevCo has invested in a new joint venture between Agris and Granot to develop a 390 hectare avocado plantation at Agris’ Ndabibi farm in Naivasha, Kenya. The US$8m mezzanine loan by AgDevCo adds to its existing avocado investments in Tanzania and Mozambique.
AFC Equity Investment (Africa Finance Corporation (AFC)) has acquired 100% of Aker Energy AS from Aker Capital AS (50.79%) and The Resource Group (49.21%). This will give AFC a 50% stake in the Deepwater Tano Cape Three Points block offshore Ghana. The share purchase consideration has been structured as an earn-out deal.
DealMakers AFRICA is the Continent’s M&A publication.
www.dealmakersafrica.com
