Fund manager (General Partner), AVCA member. Assets under management: ≈ USD 1.2bn.
Criteria published by the fund, recorded and checked by Invest Matching.
- Investment ticket
- 20 M$ – 60 M$
- Instruments
- Equity, Quasi-equity
- Preferred sectors
- Energy, Financial services, Manufacturing, Retail & distribution, Agribusiness*, Fintech*, Logistics*, Media & entertainment*, Telecoms & digital infrastructure*, Tourism & hospitality*
- Target geographies
- Nigeria, Ghana, South Africa*
* added from its deals
- Stages (stated by the fund and from its deals)
- Growth
Recent public deals: they say better than a thesis what the fund actually signs.
WIOCC
November 2021 · South AfricaGrowth200 M$EquityTelecoms & digital infrastructureCo-Invest
Activity : Telecom towers and fibre
Instrument : Significant equity investment via CAPE IV · Vehicle : CAPE IV
WIOCC is a hyperscale telecommunications infrastructure provider operating across 30 African countries, with more than 75,000 km of terrestrial fibre and investments in subsea systems.
Why they invested
- Support expansion of Africa's digital infrastructure
- Accelerate deployment of new digital infrastructure
- Benefit from expected growth in internet penetration
Source : acagp.comN1 · Primary source
Food Concepts
September 2021 · NigeriaGrowthUndisclosed amountEquityTourism & hospitalityCo-Invest
Activity : Hospitality and catering
Instrument : Acquisition de 31 % du capital auprès de DPI
Food Concepts operates Chicken Republic, PieXpress and Chop Box in Nigeria and Ghana, as well as an online delivery business.
Why they invested
- Growth potential of the Nigerian mass market
- Regional expansion
- Strong sales and store-network growth
- Strong local brands
Co-investors DPI (Development Partners International)
Source : acagp.comN1 · Primary source
Accelerex Holdings
November 2020 · NigeriaGrowth20 M$EquityFintechLead
Activity : Payments and mobile money
Instrument : Investissement de 20 M USD via CAPE IV · Vehicle : CAPE IV
Accelerex is the parent company of Global Accelerex, a fintech group focused on digital payments and agency banking. The group operates in Nigeria and has expanded into several African markets.
Why they invested
- Strong potential of African fintechs
- Strong business model
- Agile and dynamic management team
- African expansion and new product development
Source : acagp.comN1 · Primary source
Daraju Industries Limited
July 2018 · NigeriaGrowthUndisclosed amountEquityManufacturingLead
Activity : Home and personal care
Instrument : Investissement en fonds propres via CAPE IV · Vehicle : CAPE IV
Daraju manufactures and distributes personal and household care products, including toothpaste, soap, petroleum jelly and detergents, for the Nigerian market.
Why they invested
- Strong demand for quality locally produced consumer goods
- Potential to sell into neighboring countries
- Development of local manufacturing capacity
- Expansion of the product portfolio
Source : acagp.comN1 · Primary source
Beloxxi Industries Limited
August 2016 · NigeriaGrowth80 M$EquityAgribusinessCo-Invest
Activity : Bakery, pastry and biscuits
Instrument : Prise de participation minoritaire substantielle · Vehicle : CAPE IV
Beloxxi manufactures cream cracker biscuits in Nigeria and operates an integrated plant in Ogun State with a nationwide distributor network.
Why they invested
- Double-digit growth in the biscuit sector
- Significant unmet demand
- Production-capacity expansion
- Regional distribution expansion
Co-investors 8 Miles, DEG
Source : acagp.comN1 · Primary source
Continental Reinsurance Plc
2016 · NigeriaGrowthUndisclosed amountEquityFinancial servicesCo-Invest
Activity : Insurance
Instrument : Prise de participation significative · Vehicle : CAPE IV
Continental Reinsurance provides life and non-life reinsurance services across Africa, with regional offices including Nigeria, Cameroon, Botswana, Côte d'Ivoire and Kenya.
Why they invested
- Build a leading pan-African reinsurer
- Pan-African geographic expansion
- Improve the credit rating
- Grow the client base
Co-investors Sanlam Group
Source : acagp.comN1 · Primary source
Filmhouse Cinemas
November 2014 · NigeriaGrowthUndisclosed amountEquityMedia & entertainmentLead
Activity : Film, media production and entertainment
Instrument : Investissement via CAPE III · Vehicle : CAPE III
Filmhouse operates a cinema chain in Nigeria and is associated with Film One, a film production and distribution company.
Why they invested
- Significant growth opportunity in Nigerian cinema exhibition
- Development of film distribution and production
- Cinema-network expansion
Source : acagp.comN1 · Primary source
ABC Transport
2003 · NigeriaGrowthUndisclosed amountEquityLogisticsLead
Activity : Passenger transport
Instrument : Investissement de CAPE I · Vehicle : CAPE I
ABC Transport operates long-distance passenger coach services in Nigeria and West Africa, as well as complementary cargo, courier and logistics services.
Why they invested
- Strong growth potential in Nigerian road transportation
- Fleet expansion
- Terminal construction
- Development of complementary logistics services
Source : acagp.comN1 · Primary source
MTN Nigeria
2001 · NigeriaGrowthUndisclosed amountEquityTelecoms & digital infrastructureCo-Invest
Activity : Telecom operators and ISPs
Instrument : Prise de participation minoritaire · Vehicle : CAPE I
MTN Nigeria is a mobile telecommunications operator providing connectivity services across Nigeria's 36 states and the Federal Capital Territory.
Why they invested
- Growth opportunity from the opening of Nigeria's GSM market
- Strong expected subscriber growth
- Minority shareholder protections
- Significant value-creation potential
Source : acagp.comN1 · Primary source
Africa Capital Alliance invests tickets ranging from 20 M$ to 60 M$, across the following sectors: Energy, Financial services, Manufacturing, Retail & distribution, Agribusiness, Fintech, Logistics, Media & entertainment, Telecoms & digital infrastructure, and Tourism & hospitality, in the following areas: Nigeria, Ghana, and South Africa. Check in 30 seconds whether your company fits these criteria.
