Capital Alliance Private Equity III (CAPE III)

West Africa,Africa Financial services, Other consumer services, Others, Communications and IT Services

Africa Capital Alliance (ACA) is an investment firm that specialises in growth equity, buyout, and turnaround investments, and risk capital.  The Nigeria-based firm, which was founded in 1997, focuses on investments in sub-Saharan Africa. To date ACA has raised four generalist private equity funds (CAPE I, II, III and IV) and one real estate fund (CAPIC). CDC has played an anchor role in all five funds.

This is a mid to large-cap generalist private equity fund investing in anglophone West Africa, primarily Nigeria.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, West Africa
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
Nigeria
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Communications and IT Services, Financial services, Other consumer services, Others
Website:
https://www.acagp.com/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
African Capital Alliance
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
May 2009
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$50m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Mauritius

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Cornerstone Insurance plc

Capassure is a provider of life and non-life insurance products in Nigeria.

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Nigeria Africa, West Africa Financial services February 2007 Active
MTN Nigeria Communications Limited

MTN Nigerian is a provider of mobile telecom services through the GSM platform. It is part of the MTN Group, Africa s leading celluar telecommunications company.

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Nigeria Africa, West Africa Communications and IT Services June 2010 Active
Bankers Warehouse

Bankers Warehouse is one of only 2 companies licensed by the Central bank to provide cash processing services to banks in Nigeria.

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Nigeria Africa, West Africa Financial services December 2010 Active
Vertex Energy/First Hydrocarbon Nigeria Co Ltd

First Hydrocarbon Nigeria Company Limited is an indigenous Exploration & Production company in Nigeria that was established by UK-listed Afren in direct response to the Nigerian government’s policy to increase indigenous participation.

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Nigeria Africa, West Africa Others December 2010 Active
ACA B Holdings Limited/Union Bank

ACA B Holdings proveds banking and other financial services to a wide range of corporate and retail customers, predominantly in Nigeria.

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Nigeria Africa, West Africa Financial services December 2011 Active
Fin Insurance

Fin Insurance provides Motor Vehicle, Aviation, Marine, Engineering, All Risks, AssetProtection, Liability to Third Party and Oil Gas insurance.

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Nigeria Africa, West Africa Financial services June 2013 Active
Gas Train

Gas Train is a platform for the acquisition and development of gas infrastructure assets in Nigeria.

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Nigeria Africa, West Africa Others June 2014 Active
Wakanow.com

Wakanow.com Limited is the leading online travel company in Nigeria, offering services for flights, hotels, visa and tour packages. The company has a robust technology platform which is integrated into banking, payment and mobile applications and also has offline travel centres in strategic locations.. It also has operations in Ghana and Mauritius.

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Nigeria Africa, West Africa Other consumer services August 2014 Active
Diamond Bank

Diamond Bank is the ninth largest universal bank in Nigeria (with a subsidiary in Benin Republic), with a strong focus on the SME and corporate sectors.

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Nigeria Africa, West Africa Financial services September 2014 Active
Filmhouse Ltd/Film One Distribution Ltd

Filmhouse Limited is the fastest growing cinema chain in Nigeria with over 20% market share. Film One is the associated distribution and production company.

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Nigeria Africa, West Africa Other consumer services December 2014 Active