Compiled on: July 2016
SAVCA Quartely Deals and Exits List
This is data based on publically available information, prepared in collaboration with Webber Wentzel
Target Company
PE fund(s)
Addis Pharmaceutical
FactoryBeef Processing
Verde
PLC
49% stake in JM
Holding, the majority
Themis
54 Capital
8 Miles LLP
Abraaj Group
Abraaj Group
Cellulose Processing
Abraaj Group
Mundiapolis University Actis LLP
MediS Laboratories
Actis LLP
Emerging Markets
Actis LLP, General Atlantic LLC, Warburg Pincus
Payments
Group
LLC
Opham
Adenia Partners, Dutch Development Bank FMO
Gabon Special
Africa Finance Corporation
Economic
New
Age Zone (JV
Africa Finance Corporation
Laboratoire BIS
Africa Rivers Fund (Dutch fund manager XSML)
Institut Aurora
Africa Rivers Fund (Dutch fund manager XSML)
Compagnie des Bois du Africa Sustainable Forestry Fund I, managed by
GabonLtd
(CBG)
Global Environment
Fund,Partners
together with the
SERS
African
Alpha Investment
Continental
Reinsurance
Metrofibre
Networx
stake in Silafrica
Plastics
and Packaging
Credit
communautairre
d'Afrique
Outsourcia Group
African Capital Alliance
African Rainbow Capital
AfricInvest
AfricInvest
AfricInvest / Maghreb Private Equity Fund III
MicroKing Finance
AfricInvest and MicroCred
Banque populaire pour AfricInvest Financial Sector Fund; Cauris
l'epargne
et le Credit
Croissance
plans
to develop,
AIIM
Hydroneo, a 50/50 joint venture between
finance,
build
and
African
Investment Managers (AIIM)
Elso Holdings
AllegrewInfrastructure
Fund (Eos Capital)
stake in Hepstar
Amadeus Capital Partners
Travelstart Online
Amadeus Capital Partners Limited in partnership
Travel Operations
with MTNFinance, West Africa Emerging Markets
additional
stake in (Pty)
Pétro Amethis
Ivoire
Growth
FundHorowitz
stake in Branch
Andreessen
International
Sphera
Bluoshen
Angola Capital Investments
Obelisk Group
BDO Development Capital Fund
Pareto
Belelani Capital
MCN Solutions
Berkshire Partners
Nettcash
Brainworks Capital
FS-Systems
Broadreach Private Equity in partnership with
Grindrod
FinancialPartners
Services
Orbit Chemical
Catalyst Principal
Industries
ARM
Cement
CDC
Virunga Energy
CDC Group
I&M Holdings
CDC Group
Gold Brands Investment Circle Capital Ventures
Rieses Food Imports;
Coast2Coast
Tuffy;
Goldenmarc
and
growth capital
Convergence Partners
investment in inQuba
Snapt
Convergence Partners
Jurisdiction
Ethiopia
Ethiopia
Tunisia
Africa-wide
Algeria
Morocco
Tunisia
South Africa
Madagascar
Gabon
Nigeria; the Republic of
Congo
Democratic Republic of
Congo
Democratic
Replublic of
Congo
Gabon
Mauritius
Nigeria, Cameroon,
Botswana,
South
AfricaCote
East Africa
Cameroon
Morocco
Zimbabwe
Togo
Gabon
Namibia
South Africa
South Africa
Cote d'Ivoire
Kenya
Angola
UK and South Africa
South Africa
South Africa
Zimbabwe
South Africa
Kenya
Kenya, Tanzania,
Rwanda
Democratic Republic of
Congo
Tanzania,
Rwanda and
Mauritius
South Africa
South Africa
South Africa
South Africa
Deal value
USD 42 million
undisclosed
undisclosed
undisclosed
undisclosed
undisclosed
GBP 39.5 million
USD 340 million
undisclosed
USD 140 million
USD 75 million
undisclosed
undisclosed
% shareholding taken
Enterprise value
(estimated)
Industry
Seller
Healthcare
Agribusiness
100%
49%
undisclosed
undisclosed
Education
Medical:
Pharmaceuticals
Services (other)
Pharmaceutical
Infrastructure
Energy
Pharmaceutical
Education
Agribusiness
Equipment Finance
Insurance
40% stake
undisclosed
undisclosed
Advisors
Ambrust 7 Brown
PLLC; Harbottle &
Mediterrania Capital
Partners
AfricInvest; Lassaad
Boujbel
(Private
Actis LLP
Bourabiat Associes;
Clifford
CharlesChance
Russell
Speechlys advising
18.14% equity stake
Clyde & Co
undisclosed
undisclosed
undisclosed
undisclosed
undisclosed
USD 2 million
USD 40 million
undisclosed
USD 9,2 million
undisclosed
EUR 3 million
ZAR 4 billion
undisclosed
USD 1.3 million
undisclosed
undisclosed
USD 140 million
USD 9 million
undisclosed
USD 6.2 million
ZAR 1.2 billion
undisclosed
USD 1 million
Financial Services
undisclosed
Financial Services
Financial Services
50% stake
AIIM Hydroneo total
investment of
COFIP Finances
Togo
Consumer
Conje & Co.
advised Eos Capital
Internet/ecommerce
Advokatfirman
Lindahl KB advising
undisclosed
undisclosed
24% stake
40% Stake awaiting
approval to buy a
10.68% stake
41.02% stake
Norton Rose
Fulbright
and
Scemla Loizon
Veverka & de
Healthcare
TMT
Retail Property
Retail
Financial Services
Industrials
Industrial
Construction
Hydro Power
Banking
Consumer: Foods
Consumer
undisclosed
TMT
DEG and Proparco
Cliffe Dekker
Hofmeyr advising
Date announced
2016/01/06
2016/04/25
2016/01/18
2016/03/16
2016/01/11
2016/05/22
2016/04/18
2016/03/02
2016/05/08
2016/04/17
2016/06/30
2016/05/22
2016/05/16
2016/02/23
2016/02/21
2016/02/21
2016/03/14
2016/03/11
2016/01/28
2016/03/29
2016/03/27
2016/04/04
2016/03/08
2016/05/30
2016/02/24
2016/02/03
2016/02/28
2016/03/30
2016/03/08
2016/04/25
2016/05/30
2016/06/19
2016/06/05
2016/01/28
2016/04/25
2016/05/08
2016/04/24
2016/04/24
2016/02/03
2016/06/19
2016/03/09
2016/06/05
100% of e4
African Export-Import
Bank (Afreximbank)
Société
Africaine des
Produits
Laitiers et
Fidelity Commercial
Bank
investment
in Sarwa
Capital
Off Grid Electric
Lubilia Kawembe Hydro
Elso Holdings
Fortis Microfinance
Bank
Eazi Group
Musoni Services
Ngwane Mills (Pty) Ltd
trading Energy
as Feedmaster
NOVO
Crown Agents
Telkom Kenya
Bharti Airtel
Giro Commercial Bank
Off-Grid Electric
Hygeia Nigeria (Satya
Capital-backed
private
Helios Towers Nigeria
Limited
Broadband for Africa
Gold Coast Fruits
DV Artisan Chocolate
Stake in Assupolrom
management:
034
General Cargo24
Group
iROKO TV
TrenStar
Wellness Warehouse
UT Life Insurance
MedTech Group
Cieptal Cars
Ben Salem Group / BS
Invest
in Tunisia, stakes
CAP
100% ownership
in Universal
Misr
Glass Paints and
Manufacturing
Brainly
Comsol
Dutch Sprouts B.V.
undisclosed stake in
Hair
City
undisclosed
stake in Big
Save
In2Food
UFF African Agri
Investments
Two
Rivers Mall
development
Maverick
Beefmaster Holdings
Camland Estate
NOVO Energy
First Atlantic Bank
Ghana
Surfline
Communications
Ubipharm
Development
Torre Equipment Africa
Limited
Jamii
Bora Bank
Barclays Africa Group
Convergence Partners and Stockdale Street
Dangote Group
Duet Africa Private Equity
Duet Africa Private Equity
Egyptian-American Enterprise Fund
Electranova Capital US and Total Energy Ventures
Emerging Africa Infrastructure Partners
Eos Capital
Equator Capital Partners
Ethos Private Equity
Goodwell
Greystone Partners Limited
Harith General Partners
Helios Investment Partners
Helios Investment Partners
(Jamhuri
Holdings
Limited -a company owned
Helios Towers
Africa
I&M Holdings
IDInvest Partners, Total Energy Ventures
International
SAS
IFC, IFHA Cooperatief,
an Africa-focused
healthcare
private
equity
fund, Swiss Re and CIEL
IHS Towers
InfraMed Infrastructure (long term investment
vehicle)
Injaro
investments / through Injaro Agricultural
Capital
InvenfinHoldings
(venture capital arm of Remgro)
Investec Equity Partners
Kibo Capital Partners
Kinnevik AB and French media giant CANAL+
Kleoss Capital, Leaf Capital and Trenstar's
management
Leaf
Capital / team
Leaf Capital Infinitus
LeapFrog Investments
Mediterrania Capital Partners
Mediterrania Capital Partners / Mediterrania
Capital II
Mediterrania
Capital Partners and Capital Trust
(Euromena
III)
Medu Capital
Middle East Glass (Gulf Capital)
Naspers Ventures
Nedbank Private Equity
Nimbus BV
Nodus Equity
Nodus Equity
Old Mutual Fund IV (Old Mutual)
Old Mutual Investment Group
Old Mutual Property
Olympus Partners
One Thousand and One Voices (1K1V)
Pan Africa Housing Fund (Phatisa)
Pan African Infrastructure Development Fund 2
(Harith
General
Partners)
PCM Capital
Partners
PCM Capital Partners
PCM Capital Partners through West Africa
Emerging
Markets
Growth
Fund
(WAEMGF)
Phatisa Fund
Managers
L.L.C
through
African
Agriculture Fund
Progression
Capital Africa and Equator Capital
Partners
Public Investment Corporation
South Africa
Egypt
Ivory Coast
Kenya
Egypt
Tanzania
Uganda
Namibia
Nigeria
South Africa, Mauritius,
Mozambique
and
Ghana
and Nigeria
Swaziland
Southern Africa
UK
Kenya
Democratic Republic of
Congo
Kenya
Tanzania
Nigeria
Nigeria
Ghana
South Africa
South Africa
Kenya
Nigeria
South Africa
South Africa
Ghana
Morocco
Algeria
Tunisia, Morocco and
Algeria
South Africa
Egypt
South Africa
South Africa
Netherlands
South Africa
South Africa
South Africa
Africa-wide
Kenya
South Africa
South Africa
Zambia
South Africa
Ghana
Ghana
Guinea and
Madagascar
Africa-wide
Kenya
South Africa
undisclosed
undisclosed
undisclosed
USD 19.04 million
undisclosed
USD 10.2 million
undisclosed
undisclosed
ZAR 1.6 billion
undisclosed
EUR 37 million
undisclosed
undisclosed
undisclosed
USD 25 million
USD 25 million
USD 66.8 million
undisclosed
undisclosed
undisclosed
ZAR 132 million
undisclosed
undisclosed
undisclosed
undisclosed
undisclosed
undisclosed
USD 150 million
ZAR 450 million / USD
29.3 million
undisclosed
undisclosed
USD 34 million
undisclosed
undisclosed
undisclosed
undisclosed
undisclosed
USD 62 million
undisclosed
undisclosed
undisclosed
undisclosed
undisclosed
EUR 5 million
EUR 4.1 million
USD 14.81 million
USD 12 million
USD 87 million
100%
Financial Services
Consumer
Financial Services
undisclosed
undisclosed
50% stake
undisclosed
significant minority
stake
65%
undisclosed
60%
21%
undisclosed
significant minority
stake
100%
undisclosed
South Africa
significant minority
stake
majority stake
18% stake
43% stake
minority stake
27% to 100% of Truck
Hire
25%
undisclosed
undisclosed
significant minority stak
49%
minority stake
15%
49% stake
40% Stake
1.2% stake
Energy
Hydro Power
Financial Services
Industrials
Financial Services
Retail
Oil & Gas
Financial Services
Telecommunications
Telecommunications
Financial Services
Energy
Healthcare
TMT
TMT
Consumer: Foods
Transport
TMT
Industrials
Retail
Financial Services
TMT - IT business
solutions
Financial Services
Retail
Chemicals and
materials
Retail
Educational Technology
TMT
Industrial automation
Consumer
Agribusiness
Property Development
Consumer
Agribusiness
Construction
Oil & Gas
Financial Services
TMT
Pharmaceutical
Agribusiness
Financial Services
Financial Services
2016/04/13
2016/06/08
Dentons in Morocco 2016/01/03
and Deloitte in
2016/03/22
Amwal AlKhaleej
2016/02/01
2016/02/23
2016/04/24
2016/05/24
2016/03/13
firm's founding
Webber Wentzel
2016/01/25
management and
2016/02/28
2016/01/21
2016/05/18
2016/04/01
2016/06/10
2016/05/05
2016/06/20
Advisor to
2016/02/02
Electranova Capital 2016/01/10
2016/03/13
Eutelsat
2016/06/23
Communications
2016/06/22
2016/06/13
Investec Specialist 2016/04/22
Bank; BDO Cliffe
2016/04/24
2016/01/21
Vantage Capital, and
2016/01/12
an empowerment
Cuatrecasas,
Goncalves Pereira
Bowman Gilfillan
Africa
Group
HC
Securities
Investment and
Lexence
Webber Wentzel
Webber Wentzel
Webber Wentzel
(OMSA); Cliffe
Webber Wentzel
Kuenyehia &
Nutsukpui Legal
2016/01/28
2016/06/12
2016/04/04
2016/04/08
2016/03/09
2016/02/21
2016/05/16
2016/06/28
2016/04/01
2016/03/01
2016/03/01
2016/01/14
2016/05/25
2016/01/24
2016/06/12
2016/01/05
2016/05/22
2016/05/22
2016/01/31
2016/04/17
2016/03/13
2016/06/20
2016/04/11
2016/05/08
Government of Angola
InterContinental Hotel
Lusaka
DealDey
Quantum Global
Quantum Global Investments Africa Management
Ringier Africa Deals Group (JV between Silvertree
Internet
and Ringier
Africa)Distribuicão)
Extra supermarket
S2 AfricaHoldings
(Satya Capital
and Sonae
chainstake in MB Plc,
45%
Schulze Global Investments
the
producer
of
Family
Sliide Airtime
Singularity Investments
Asoko Insight
Singularity Investments
a partnership stake in
Stanlib
Exeo Capital
stake
in Africa
Synergy Capital
Terminals
stake in Suburban Fiber Synergy Capital
Company
Taaleri
Private Equity
Taaleri
Funds
Seven Energy
Temasek, Petrofac, Capital International Private
Equity, Standard
Strandline Resources
Tembo
Capital Chartered, International Finance
Mazarine Energy
The Carlyle Group
minority stake in Freight- The Norwegian Investment Fund for Developing
in-Time
Countries
(Norfund)
Sunbird Energy Ltd.
Umbono Capital
Partners (Pty) Ltd
(Mopane,
Springbok
United Africa Group
Vantage Capital
Landmark Africa
Vantage Capital
New GX Capital
Vantage Capital / Vantage Mezzanine Fund III
Vumatel
Vantage Capital / Vantage Mezzanine Fund III
Everlytic
Vox Telecom
SGI Africa
Wendel alongside the CFAO group
The balance
20% will be held by FFC, a
90,000 square meters -Xterra
Capital of
Advisors
of high-end mixed used Yellowwoods
Dataprophet
DataProphet
Yellowwoods Capital Holdings
Farm-Ag
Zaad Holdings (subsidiary of Zeder Investments)
Angola
Zambia
Nigeria
Mozambique
Ethiopia
Nigeria
Nigeria
South Africa
Nigeria, Ghana, Liberia
and
Senegal
Nigeria
Finland
Nigeria
Tanzania
Tunisia
Kenya
South Africa
Namibia
Nigeria
South Africa
South Africa
South Africa
West and Central Africa
Kenya
South Africa
South Africa
South Africa
USD 50 million over 5
years
USD 35.9 million
undisclosed
undisclosed
undisclosed
undisclosed
undisclosed
undisclosed
undisclosed
undisclosed
EUR 12 million
USD 100 million
USD 6.6 million
undisclosed
USD 10 million
AUD 8.5 million
USD 5.6 million
USD 20 million
USD 13,7 million
USD 17 million
undisclosed
100%
undisclosed
45% stake
undisclosed
undisclosed
undisclosed
25% share
74% stake in Mopane,
Springbok Flats and
40%
USD 114 million
undisclosed
undisclosed
undisclosed
significant shareholding
49% stake
Timber
Hospitality
eCommerce
Agriculture
TMT
TMT
Kingdom Hotel
Investments
Africom Delta
Corporation
Financial Services
Oil & Gas
Mining
Oil & Gas
Energy
Sunbird Energy Ltd.
Hospitality
Property Development
Investment Holdings
TMT
TMT
Wendel will gradually
Real Estate
invest, through Oranje- Real Estate
TMT - machine learning
Agriculture
2016/05/08
2016/03/31
2016/03/27
2016/02/07
2016/01/23
2016/05/15
2016/04/24
2016/03/15
Udo Udoma & Belo 2016/02/18
Osagie, The New
2016/03/24
2016/04/10
2016/02/17
2016/05/30
2016/05/22
2016/02/12
2016/04/18
2016/04/24
2016/04/24
2016/07/11
2016/06/30
2016/02/07
2016/06/28
2016/01/10
2016/06/14
2016/06/22
2016/05/01