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Investment Summary

Africinvest Invests In Aerobotics

On December 11, 2020, growth capital firm Africinvest invested in software company Aerobotics

Investment Highlights
  • This is Africinvest’s 4th transaction in the Software sector.
  • This is Africinvest’s 1st transaction in South Africa.

Investment Summary
Date 2020-12-11
Target Aerobotics
Sector Software
Investor(s) Africinvest
Deal Type Growth Capital

Target

Aerobotics

Cape Town, South Africa
Aerobotics develops a machine learning technology using high resolution and multi-dimensional sensing imagery from drones and satellites to provide tree specific insights with information on tree count, size, health and chlorophyll levels. The solution is also able to provide fruit-specific information from high-resolution imagery (fruit detection, size and color), which is critical in predicting yield and ultimately profit. Aerobotics is based in Cape Town, South Africa.

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Investor(S) 1

Investor

Africinvest

Tunis, Tunisia

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1994
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Africinvest is a private equity firm focused on growth investments in African companies. The Firm generally targets minority investments in small to medium-sized companies, but Africinvest will consider select majority situations. Africinvest does not have any sector preferences and looks to hold for 4 to 6 years. Africinvest was formed in 1994 and is headquartered in Tunis, Tunisia.

DEAL STATS #
Overall 39 of 57
Sector: Software M&A 4 of 4
Type: Growth Capital M&A Deals 18 of 20
Country: South Africa M&A 1 of 2
Year: 2020 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 Fidelity Bank

Accra, Ghana

Fidelity Bank is a privately-owned bank. Fidelity offers a comprehensive range of innovative products and services in the retail and corporate space, through a steadily growing network of branches and various digital channels. Fidelity Bank was founded in 1998 and is based in Accra, Ghana.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Spengler

Aix-en-Provence, France

Spengler is a supplier of medical and surgical equipment, medical furniture, and medical clothing. The brand is recognized for its products that are both effective and clever for taking care of caregivers. Spengler is based in Aix-en-Provence, France.

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