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Investment Summary

Africinvest Invests In Onafriq

On November 10, 2021, growth capital firm Africinvest invested in internet software and services company Onafriq

Investment Highlights
  • This is Africinvest’s 3rd transaction in the Internet Software and Services sector.
  • This is Africinvest’s 2nd transaction in South Africa.

Investment Summary
Date 2021-11-10
Target Onafriq
Sector Internet Software and Services
Investor(s) Africinvest
Deal Type Venture

Target

Onafriq

Johannesburg, South Africa
Onafriq is a developer of value added services for mobile wallets. Onafriq works in close partnership with mobile network operators and financial institutions to bring simple and relevant financial services to un- and under-banked customers. Onafriq was founded in 2009 and is based in Johannesburg, 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 47 of 57
Sector: Internet Software and Services M&A 3 of 3
Type: Venture M&A Deals 8 of 9
Country: South Africa M&A 2 of 2
Year: 2021 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-04 Groupe ISGA

Casablanca, Morocco

Groupe ISGA is a private higher education in Morocco, with a total of 1,300 students enrolled in 2021. The Group has campuses in four cities throughout the Kingdom: Casablanca, Rabat, Marrakech and Fez, and offers management and engineering programs. Groupe ISGA is based in Casablanca, Morocco.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Fondasol

Montfavet, France

Fondasol is a consulting firm specialized in geotechnical expertise: study, analysis, geotechnical advice. Fondasol was founded in 1959 and is based in Montfavet, France.

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Mergr

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