DealMakers AFRICA
Affirma Capital (formerly Standard Chartered Private Equity) has sold its 37.5% stake in Nigeria-headquartered, the GZI Group to Oppenheimer Partners. Affirma first invested in GZI back in 2012. In 2018, the private equity fund led a capital raise to fund the company’s expansion into South Africa. It was during this funding round, that Oppenheimer Partners joined Affirma as a strategic shareholder.
Netis has announced that a consortium comprising Amethis, AfricInvest, International Finance Corporation and Proparco, have taken a majority stake in the pan-African telecommunications infrastructure service provider. The value of the deal was undisclosed. Headquartered in Morocco, Netis operates in more than 15 countries including Côte d’Ivoire, Burkina Faso, Ghana, Benin, Togo, Niger, Nigeria, Gabon, DRC, Rwanda, Tanzania, Uganda, Kenya, Ethiopia and Mauritius.
Tunisia’s B2B software-as-a-services (SaaS) startup, Winshot, has raised an undisclosed six-figure investment round led by 216 Capital. The funding will allow the company to expand its marketing and sales teams and thereby enhance and expand its presence in Tunisia and France.
BluePeak Private Capital has announced a US$20 million hybrid loan to East and Central Africa logistics group, Prime Logistics. This is BluePeak’s first ESG-linked investment and will be used to advance the company’s expansion plans across Africa.
Development Partners International and Verod Capital have acquired Enko Capital’s majority stake in Nigeria’s Pan African Towers. Financial terms were not disclosed. As at August 2022, Pan African Towers had a nationwide presence of c.760 sites across Nigeria, primarily in the Southwest. Enko Capital Managers first invested in Netis in 2018.
Newtown Partners (DP World), Saviu Ventures, AAIC Investment, Axian Ventures and Health54 have invested US$2,5 million in the Cameroon health startup Waspito. This seed extension round follows on from the US$2,7 million raised last year. The company expanded to the Ivory Coast earlier this year and is now looking to access the Senegal and Gabon markets.
DealMakers AFRICA is the Continent’s M&A publication.
www.dealmakersafrica.com
