PAPE Funds makes sixth, and penultimate deal for Fund III

PAPE Fund Managers has made its sixth investment for Fund III, leaving the $62 million fund with approximately $10 million for its final investment, which it expects to take place in the first quarter of next year. Last week’s investment saw the mid-market South African private equity fund acquire a majority stake in Scamont Investment Holdings, an engineering OEM that makes, sells, and services displacement slurry pumps and multistage centrifugal pumps.

While the amount of money being invested in the firm has not been disclosed, Africa Capital Digest calculates that the fund is deploying in the region of $10 million in the business. Scamont’s management team still holds a 25% stake in the firm.

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] today.