Investment Summary

Africinvest Invests In AutoXpress

On April 28, 2022, growth capital firm Africinvest invested in distribution company AutoXpress from Actis Capital

Investment Highlights
  • This is Africinvest’s 1st transaction in the Distribution sector.
  • This is Africinvest’s 6th transaction in Kenya.

Investment Summary

Date 2022-04-28
Target AutoXpress
Sector Distribution
Investor(s) Africinvest
Sellers(s) Actis Capital
Deal Type Stake Purchase
Advisor(s) DC Advisory (Financial)

Target

AutoXpress

Nairobi, Kenya
AutoXpress is a distributor and retailer of quality tyre, battery and suspension products from Pirelli, Dunlop, Marshal, BKT, KYB and Energizer that consumers trust to keep their cars on the road. AutoXpress was founded in 1958 and is based in Nairobi, Kenya.

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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 51 of 57
Sector: Distribution M&A 1 of 1
Type: Stake Purchase M&A Deals 10 of 11
Country: Kenya M&A 6 of 7
Year: 2022 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Amerigo Group

Puteaux, France

Amerigo Group in an independent automotive parts market for emerging countries and Europe. Amerigo Group is based in Puteaux, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 Clayens Group

Genas, France

Clayens is a manufacturing company specializing in the transformation of high-performance polymers, composites, and precision metal components. The Company provides design, engineering, and production services for industries including automotive, aerospace, electrical, healthcare, and industrial equipment. Clayens Group was founded in 1931 and is based in Genas, France.

Buy -

Seller(S) 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 80 of 92
Sector: Distribution M&A 2 of 2
Type: Stake Purchase M&A Deals 3 of 3
Country: Kenya M&A 2 of 3
Year: 2022 M&A 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-12 Emicool

Dubai, United Arab Emirates

Emicool is a UAE-based district cooling provider, delivering centralized chilled water for air conditioning to residential, commercial, and industrial clients. Emicool is based in Dubai, United Arab Emirates.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-29 Sprng Energy

Pune, India

Sprng Energy is a renewable energy platform that develops and manages renewable energy facilities such as solar and wind farms and infrastructural assets. Sprng Energy was founded in 2017 and is based in Pune, India.

Sell -