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Who’s doing what in the African M&A; space?
Who’s doing what in the African M&A; space? DealMakers AFRICA
Indorama Ventures a leading producer in the intermediate petrochemicals industry and a global manufacturer of wool yarns headquartered in Bangkok, has acquired a 74% stake in Medco Plast. The stake in the Egyptian company was acquired from Middle East Glass Manufacturing and the Samaha family. Medco Plast manufactures recyclable Pet preforms, injection moulded products and closures to multinational soft drink and water manufacturers in Egypt.
Botswana Diamonds , the ASX-listed diamond exploration and project development company that holds exploration licences in Botswana and South Africa, has acquired the remaining 50% stake in joint venture Sunland Minerals from Russian diamond miner Alrosa. The company also announced it was in talks with a potential new investor to take a 50% stake of Sutherland.
Metal Tiger and MOD Resources , have established an new joint venture, Tshukudu Exploration, which is 70% and 30% held respectively. Metal Tiger has transferred eight of the 18 exploration licences in T3 project to Tshukudu with the remaining licences to be held in a Trust pending a receipt of the requisite approval in Botswana. Following the transaction Metal Tiger holds 31.1 million shares in MOD Resources representing a 12.5% stake.
Trace , a French media group, has acquired an undisclosed stake in Senegalese mobile classified platform CoinAfrique. The start-up has developed a mobile marketplace for French-speaking Africans with operations in 15 countries across francophone Africa.
International Finance Corporation and TLcom Capital the pan-African venture capital firm, have invested $10 million in Kenyan start-up Twiga Foods. The start-up uses a mobile platform to match supply and demand, aggregating market participants and finding buyers for farmers' produce in a highly fragmented fruit and vegetable market. Twiga will use the new investment to expand operations and offer new services.
Rolaco EGB Investment , has acquired on the open market a 6.61% stake in Crdit Agricole Egypt, a subsidiary of the Crdit Agricole Group, a market leader in Universal Customer-Focused Banking in France and one of the largest banks worldwide.
ECP , a pan-African private equity investor, has announced the final close of its fourth pan-African fund, ECP Africa Fund IV raising $640 million. The fund focusses on minority stakes in four core sectors: financial services, consumer goods, telecommunications & ICT and infrastructure & logistics.
DealMakers AFRICA is Africa's M &A publication.
www.dealmakersafrica.com
Follow @DealMakers
...back to DealMakers
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By INCE|Connect NewsWho’s doing what in the African M&A; space? DealMakers AFRICA
Indorama Ventures a leading producer in the intermediate petrochemicals industry and a global manufacturer of wool yarns headquartered in Bangkok, has acquired a 74% stake in Medco Plast. The stake in the Egyptian company was acquired from Middle East Glass Manufacturing and the Samaha family. Medco Plast manufactures recyclable Pet preforms, injection moulded products and closures to multinational soft drink and water manufacturers in Egypt.
Botswana Diamonds , the ASX-listed diamond exploration and project development company that holds exploration licences in Botswana and South Africa, has acquired the remaining 50% stake in joint venture Sunland Minerals from Russian diamond miner Alrosa. The company also announced it was in talks with a potential new investor to take a 50% stake of Sutherland.
Metal Tiger and MOD Resources , have established an new joint venture, Tshukudu Exploration, which is 70% and 30% held respectively. Metal Tiger has transferred eight of the 18 exploration licences in T3 project to Tshukudu with the remaining licences to be held in a Trust pending a receipt of the requisite approval in Botswana. Following the transaction Metal Tiger holds 31.1 million shares in MOD Resources representing a 12.5% stake.
Trace , a French media group, has acquired an undisclosed stake in Senegalese mobile classified platform CoinAfrique. The start-up has developed a mobile marketplace for French-speaking Africans with operations in 15 countries across francophone Africa.
International Finance Corporation and TLcom Capital the pan-African venture capital firm, have invested $10 million in Kenyan start-up Twiga Foods. The start-up uses a mobile platform to match supply and demand, aggregating market participants and finding buyers for farmers' produce in a highly fragmented fruit and vegetable market. Twiga will use the new investment to expand operations and offer new services.
Rolaco EGB Investment , has acquired on the open market a 6.61% stake in Crdit Agricole Egypt, a subsidiary of the Crdit Agricole Group, a market leader in Universal Customer-Focused Banking in France and one of the largest banks worldwide.
ECP , a pan-African private equity investor, has announced the final close of its fourth pan-African fund, ECP Africa Fund IV raising $640 million. The fund focusses on minority stakes in four core sectors: financial services, consumer goods, telecommunications & ICT and infrastructure & logistics.
DealMakers AFRICA is Africa's M &A publication.
www.dealmakersafrica.com
Follow @DealMakers
...back to DealMakers