Mergence Investment Managers
Private Equity Round in 2023
Mergence Investment Managers is an independent, majority black-owned boutique asset management firm based in Cape Town, established in 2004. The company provides investment management services to both institutional and individual investors across the Southern African Development Community (SADC). Mergence specializes in a diverse range of investment options, including listed and unlisted assets, equity multi-asset class funds, infrastructure projects, debt instruments, and private equity.
Zimborders
Private Equity Round in 2020
Zimborders provides border facilities to optimize efficiencies and revenue collection for the government.
Open Connect
Acquisition in 2018
Open Connect Limited, established on March 9, 2016, emerged from the unbundling of Malawi Telecommunications Limited as a specialized entity focused on managing and maintaining fiber network infrastructure. As a wholly owned subsidiary, it operates the largest fiber network in Malawi, which serves as a crucial backbone for telecommunications across the country, including inter-border connections. The network features fiber metros in major cities such as Blantyre, Lilongwe, and Mzuzu, facilitating comprehensive access to its infrastructure. Open Connect provides wholesale broadband capacity services to telecommunications providers, internet service providers, broadcasters, and corporate clients. Its offerings include wide area network connections, Ethernet services, fiber connectivity, and last-mile dark fiber solutions, ensuring flexibility and enhanced connectivity for its customers in domestic markets.
NOVO Energy (PTY)
Private Equity Round in 2016
NOVO Energy (Pty) Ltd is an integrated gas company based in Midrand, South Africa, specializing in comprehensive fuel solutions utilizing compressed natural gas (CNG) technology. The company caters to a diverse clientele, including vehicular, industrial, commercial, and residential customers, by sourcing gas from conventional suppliers as well as developing alternative methane sources such as biogas and coal bed methane. NOVO Energy is involved in the entire natural gas value chain, from the cleaning, compression, and distribution of CNG to the design and construction of necessary infrastructure. Additionally, the company provides various customer services, including technical solutions for gas utilization in different applications and advisory services. Its offerings encompass CBM and biogas collection systems, gas conditioning technology, natural gas compression solutions, and transportation systems for CNG. Established in 2006, NOVO Energy continues to serve multiple markets, including transport, industrial, domestic, commercial, and power generation.
Lake Turkana Wind Power
Debt Financing in 2014
Lake Turkana Wind Power Limited is a company based in Nairobi, Kenya, that specializes in the development and operation of a wind power project. Founded in 2006, it focuses on providing reliable and low-cost electricity to the national grid through a wind farm comprising multiple wind turbines. Each turbine is linked to a high-voltage substation, which connects to the grid via a transmission line built by the Kenyan Government. The company's operations contribute to the supply of clean energy, helping to power homes and businesses across Kenya. As of January 2010, it operates as a subsidiary of Aldwych International Ltd.
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