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 as a separate entity from Malawi Telecommunications Limited to manage and maintain fiber optic network infrastructure. As a wholly-owned subsidiary, Open Connect operates the largest fiber network in Malawi, which serves as the primary telecommunications backbone across the country and includes inter-border connections. The company provides essential wholesale broadband capacity services tailored for telecommunications providers, internet service providers, broadcasters, and corporate clients. Its offerings encompass a range of connectivity solutions, including WAN connections, Ethernet services, fiber connectivity, and last-mile dark fiber services, thus enabling clients to achieve enhanced flexibility and reliable connectivity in domestic markets. Open Connect's strategic positioning in major cities such as Blantyre, Lilongwe, and Mzuzu further facilitates access to its comprehensive network.
NOVO Energy (PTY)
Private Equity Round in 2016
NOVO Energy (Pty) Ltd, established in 2006 and headquartered in Midrand, South Africa, is an integrated gas company that supplies comprehensive fuel solutions to various sectors, including vehicular, industrial, commercial, and residential customers. The company specializes in compressed natural gas (CNG) technology, sourcing gas from conventional and alternative sources, cleaning, compressing, and distributing it for diverse applications such as transport, industrial, domestic, commercial, and power generation. NOVO Energy also designs, fabricates, supplies, constructs, and operates infrastructure for CNG production, collection, cleaning, compression, transportation, and delivery. Additionally, the company offers customer services, including technical solutions, advisory, and consulting services, as well as proprietary technology for biogas filtering and scrubbing, and proven natural gas compression solutions.
Lake Turkana Wind Power
Debt Financing in 2014
Lake Turkana Wind Power is a company based in Nairobi, Kenya, focused on generating and supplying electricity from wind energy. Founded in 2006, it owns and operates a wind farm that feeds into Kenya’s national electricity grid. The farm consists of multiple wind turbines, each connected to high-voltage substations, which are linked to the national grid via transmission lines constructed by the Kenyan Government. This infrastructure enables the company to provide reliable, low-cost electricity to power homes and businesses across the country.