Weekly Wrap, March 1st, 2021; Apis in $110mln deal for TymeBank, Hlayisani holds first close for first fund, ECP increases holding in SAH Lilas, and more…

Africa's private equity venture capital weekly roundup
Image Credit: Pixabay

Last Week in Brief…March 1st, 2021

This week we reported on one of the largest deals, value-wise, of the last several months in Africa. Apis Partners, the London-based private equity firm focused on financial services sector opportunities in Africa and South Asia, has teamed up with JG Summit Holdings, a Philippines conglomerate owned by the Gokongwei family, to buy a stake in TymeBank, a 2-year old digital bank headquartered in South Africa owned by African Rainbow Capital. The deal, which was struck in early February, sees the two new shareholders invest $110 million into the bank for an undisclosed, minority stake.

To read this article, you must be a paid subscription member. (Current members login here)


Reserve your digital subscription today

Join now for $35 per month

Join now for $395 per year

for access to:

  • Weekly newsletter with original and curated news, analysis and perspective
  • Africa’s private capital deals, fund raises and the investment firms and executives involved
  • Portfolio company news that impacts value and stakeholder participation
  • Job moves and partnerships between leading market participants
  • Exclusive access to Africa Capital Digest’s full content archive

If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at]africacapitaldigest.com today.