North Africa

Cleantech water company gets $10m follow on

WaterHealth International, which provides clean and affordable water to remote and underserved communities, will use the investment to expand operations.

GIH to develop Tunis cement plant

The Kuwait-based firm has acquired a quarry and site for a cement plant in Tunisia on a Greenfield plot over 220 hectares.

Lehman buyout arm to spin out

Lehman Brothers Merchant Banking will partially spin out as an independent firm, while the failed bank will retain ownership of a portion of the funds. Limited partners in Lehman’s most recent buyout fund have been given the option to reduce unfunded commitments by 25%.

VPB buys Botswana emergency services

A joint partnership between Venture Partners Botswana and the Botswana Medical Aid Society has purchased a 90% stake in Medical Rescue International Botswana.

ECP invests $30m in West African utility

The pan-African specialist will take board seats on Finagestion, a water and power supplier for Côte d’Ivoire and Senegal.

Olympus invests in Indian renewable energy

Asia-focused Olympus has teamed with US venture firm Bessemer on a $55m investment in Orient Green Global.

ADIC in $180m Egyptian telecom deal

Abu Dhabi Investment Company is part of a consortium acquiring OrasInvest. This deal follows its acquisition of UAE-based Unitra METS Group, a specialty beverage distributor, last month.

Absa consortium in ZAR 1.9bn take-private

The acquisition of waste management group EnviroServ is reportedly the largest public-to-private transaction in South Africa this year.

Travant agrees first deal

The West- and Central African-focused firm has invested an undisclosed amount in Dorman Long Engineering, a Nigerian oil and gas services provider. In May, Travant held a $107m first close on its debut fund, which is targeting $300m in commitments.

Tunga Management Company moves to sell 26% stake in itself

The Namibian joint venture between affiliates of South Africa’s Old Mutual Group will seek a black empowerment enterprise partner for the stake. The fund is targeting investments of around $360m in infrastructure, mining and private equity in 2009.