Africa Deal Roundup: 15 noteworthy deals and announcements in August

West African clothing manufacturer DTRT Apparel Ltd announced a major investment from Verod Capital Management and Red Bull GmbH. This article is published in association with Africa Private Equity News , a one-stop source for industry-related information. Stay up to date by downloading the free Africa Private Equity News app: Android | iOS | Scan QR code from desktop . Subscribe to the monthly newsletter here .

A selection of African private equity deal, fundraising and exit announcements that came across our desk in August 2019.


The Carlyle Group , a global investment firm with $223 billion of assets under management, has acquired a majority stake in IsoMetrix , a South African-headquartered environmental, health and safety (EHS) software vendor, through its $698 million Carlyle Africa (Buyout) Fund . This investment will equip IsoMetrix for further growth, enabling the company to compete more aggressively for outright leadership within the EHS and integrated risk management software arena through accelerated software development.

West Africa’s largest clothing manufacturer, DTRT Apparel Ltd , announced a major investment from Verod Capital Management and Red Bull GmbH , in a transformative deal for the West African apparel industry. DTRT supplies cost-competitive products to major US and EU-based brands via a global network spanning three continents. Red Bull will be an anchor customer for DTRT, and DTRT will be a part of Red Bull’s global apparel sourcing operations.

DOB Equity , a Dutch family-backed impact investor in East Africa, and the Global Innovation Fund , in partnership with Unilever , have co-invested in Mr Green Africa , a Nairobi based recycler and recycled plastics supplier. Mr Green Africa recycles and sells ethically sourced materials with a traceable social and environmental impact.

Following the delisting of Torre Industries Limited from the Johannesburg Stock Exchange in April 2019, the business was successfully separated into two autonomous entities. Torre Analytical Services (TAS) was acquired by Ethos Mid Market Fund I and Torre Industrial (TI) by Apex Partners . TAS has now been rebranded as the Synerlytic Group . Edward Pitsi, managing partner of Ethos Mid Market Fund I, said: “We identified an exciting opportunity to sperate TAS and TI through the Torre delisting, as the two businesses had little to no synergies as a group.”

AgDevCo has made a €8.7 million investment into the DekelOil group, an agribusiness operating in the palm oil and cashew sectors in West Africa. AgDevCo’s […]

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