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Tana Africa Capital

Public data, unclaimed profile

Evergreen investment holding founded in 2011 by the Oppenheimer family and Temasek, with offices in Johannesburg and Abidjan; about USD 650m raised since inception. Pan-African remit. Primary sectors: FMCG, retail, education, healthcare, agribusiness; secondary: manufacturing, financial services, logistics, business services, digital payments. Looks for proven, profitable businesses in large, fast-growing markets with minimal public-sector dependency and add-on acquisition potential, over long holding periods. Minority and majority stakes (Sundry Markets, Interswitch, Furniture Palace with KITEA).

At a glance

Based on observed investment behaviour: 5 recorded deals

Investor type
Private equity or venture capital fund (inferred, not verified)
Capital type
Private equity (inferred from deals)
Observed ticket
Data unavailable
Countries
Nigeria (2), Kenya (1), South Africa (1)
Activities
Beverages and brewing (1), Fintech infrastructure (APIs, open banking, BaaS) (1), Food processing (1)
Instruments
Equity (5)
Stages
Growth (5)
Recent activity
0 deal in 12 months, latest Aug 2022

Stated thesis versus observed behaviour

  • Sectors: 100% of its deals within its stated thesis
  • Countries: 100% of its deals within its stated thesis

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Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.

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Investment thesis

Criteria published by the fund, recorded and checked by Invest Matching.

Investment ticket
n/a
Instruments
Equity
Preferred sectors
Retail & distribution, Education, Healthcare, Agribusiness, Manufacturing, Financial services, Logistics, Business & personal services, Fintech, Media & entertainment*, Tourism & hospitality*
Target geographies
West Africa, East Africa, North Africa, Southern Africa, Central Africa

* added from its deals

Stages (stated by the fund and from its deals)
Growth

Team and contacts

LinkedIn profiles, emails and phone numbers are reserved for signed-in members: create an account to access them.

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

Sundry Markets

August 2022 · Nigeria
GrowthUndisclosed amountEquityRetail & distributionCo-Lead

Activity : Food retail

Instrument : Minority stake

Modern grocery retailer in Nigeria.

Why they invested

  • One of Nigeria's fastest-growing modern grocery retailers

Co-investors Sango Capital (Co-Lead)

Source : tana-africa.comN1 · Primary source

Interswitch

May 2022 · Nigeria
GrowthUndisclosed amountEquityFintechCo-Invest

Activity : Fintech infrastructure (APIs, open banking, BaaS)

Instrument : Strategic investment

Pan-African digital payments and commerce group.

Why they invested

  • Payments infrastructure supporting financial inclusion

Co-investors LeapFrog Investments

Source : tana-africa.comN1 · Primary source

Furniture Palace

March 2022 · Kenya
GrowthUndisclosed amountEquityRetail & distributionLead

Activity : Specialty retail

Instrument : Majority stake

Kenya's leading furniture retailer. Deal led by Tana Africa Capital, which brought in KITEA, a Moroccan furniture retailer already in its portfolio.

Why they invested

  • Market leader
  • Pan-African add-on acquisition by an existing portfolio company (KITEA)

Team

  • Noorali Manji — Founder
  • Rahul Haria — CEO

Source : tana-africa.comN1 · Primary source

Africa Protein Holdings

July 2021
GrowthUndisclosed amountEquityAgribusinessLead

Activity : Food processing

Instrument : Minority stake

Leading meat processor in East Africa.

Why they invested

  • Regional leader in meat processing

Source : tana-africa.comN1 · Primary source

Kensington Distillers & Vintners

June 2021 · South Africa
GrowthUndisclosed amountEquityAgribusinessLead

Activity : Beverages and brewing

Vehicle : Tana Africa Capital II

KDV is an alcoholic beverage manufacturing and distribution group operating in South Africa, Kenya and Nigeria.

Why they invested

  • Fast-growing portfolio of wine and spirits brands
  • Local manufacturing capabilities
  • Presence in several key African markets
  • Potential expansion into other high-growth African markets

Source : tana-africa.comN1 · Primary source

In short

Tana Africa Capital invests across the following sectors: Retail & distribution, Education, Healthcare, Agribusiness, Manufacturing, Financial services, Logistics, Business & personal services, Fintech, Media & entertainment, and Tourism & hospitality, in the following areas: West Africa, East Africa, North Africa, Southern Africa, and Central Africa. Check in 30 seconds whether your company fits these criteria.