Ninety One Africa Private Equity Fund 2

BotswanaEgyptMoroccoNigeriaSouth AfricaTanzaniaAfricaBusiness and consumer servicesEducationFinancial servicesInfrastructureTechnology and telecoms

The Investec Africa Frontier Private Equity Fund 2 (IAPEF 2) specialises in growth capital and buyout investments in mid-sized companies based in Africa, with a focus on sub-Saharan Africa.

The fund focuses on the consumer sector and aims to take significant minority or controlling shareholding in its portfolio companies.

Investments made by BII into this fund:

Investment name	Commitment	Region	Sector	Start date	Status
Investment 01	$40m	Africa	Business and consumer services, Education, Financial services, Infrastructure, Technology and telecoms	April 2014	Active

Investments made by this fund into companies:

Investment name	Country	Region	Sector	Start date	Status
IHS Holding Limited	Africa, Nigeria	Africa, West Africa	Technology and telecoms	June 2015	Exited
Intelligent Debt Management (IDM)	South Africa	Southern Africa	Financial services	July 2015	Exited
Kamoso	Botswana	Southern Africa	Business and consumer services	October 2017	Exited
Mobisol GmbH	Tanzania	East Africa	Infrastructure	September 2016	Active
Richfield	South Africa	Southern Africa	Education	October 2018	Exited
SJL Magreb	Morocco	North Africa	Business and consumer services	April 2017	Exited
Spinneys Retail (Egypt)	Egypt	North Africa	Business and consumer services	July 2019	Exited
wiGroup	South Africa	Southern Africa	Technology and telecoms	August 2015	Exited

Ninety One Africa Private Equity Fund 2

Investments made by BII into this fund:

Investments made by this fund into companies:

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