Africa
Powered By People secures US $8M Series A
Ella Peinovich, Hedvig Alexander and Alison Phillips founded Powered by People secured US $8M Series A equity funding led by Altos Ventures, with participation from existing investors, Golden Ventures and Susa Ventures.
Clinify secures US $1.5M seed funding led by Thin Air Labs
Michael Omidele founded Clinify secured US $1.5M seed financing led by Thin Air Labs Fund I ($1M), with participation from HaloHealth and other strategic angel investors.
Fonds de solidarité and EDC invest $15M in merger of Abipa and Groupe ARM
Fonds de solidarité FTQ and Export Development Canada (EDC) invested $15M in new Abipa Canada, dba ABIPA International, formed by Abipa Canada Inc. and Ace Capital Partners and IRDI Capital Investissement backed French company Groupe ARM.
UAE registered Lord of Seven Hills to take Fura Gems private for $41M
Lord of Seven Hills Holdings FZE to take Fura Gems private at a price of $0.15 per share for $40.8M or $19.8M to minority shareholders.
OMERS backed Fairfax Africa Holdings to acquire Helios Holdings
Fairfax Africa (TSX: FAH.U) and Helios Holdings to combine to become leading pan-Africa focused listed alternative asset manager. Helios' Tope Lawani and Babatunde Soyoye to lead the combined entity.
Glencore to take Katanga Mining private for $53M
Glencore International AG to take Katanga Mining private at CDN $0.16 per share for $52.7M to minority shareholders.
EWB Canada launches $20M Hummingbird Impact African focused VC fund
Engineers Without Borders Canada (EWB Canada) launched $20M social impact fund, Hummingbird Impact, to invest in for-profit, impact-driven gender-lens African tech ventures
Glencore controlled Katanga Mining to raise CDN $7.6B in rights offering
Glencore plc controlled Katanga Mining Limited (TSX: KAT) to close rights offering to raise approximately CDN $7.6 billion
Desert Lion Energy announces $12M equity and debt financings led by AIP
Desert Lion Energy (TSX-V: DLI) secured $10M secured note financing with AIP Asset Management and AIP Global Macro Fund L.P., to raise $2M in non-brokered unit offering
Ivanhoe Mines closes US $616M financing with CITIC and Zijin
Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) completed US $616 million financing with CITIC Metal Co., Ltd. and Zijin Mining Group Co., Ltd. ,
Sawiris family’s La Mancha to acquire 30% of Golden Star for US $125.7M
Sawiris family owned La Mancha Holding S.à r.l. to invest US $125.7M for a 30% stake in Golden Star Resources (TSX: GSC), operator of Wassa and Prestea underground mines in Ghana.
Lundin Family Trusts acquire additional African Energy shares
Lundin Family Trusts invested in Africa Energy (TSX-V: AFE; Nasdaq First North: AEC)'s US $45 million private placement financing with stakes reducing 17.88% to 11.84%
Resource Capital Fund VII leads Orezone Gold $44.9M financing
Orezone Gold (TSX-V: ORE) to close $44.92M financing led by Resource Capital Fund VII with participation of Coris Capital S.A., Sun Valley Gold, and Mason Hill Advisors
Feronia closes US $9M 1st tranche of US $17.5M Straight KKM 2 financing
Feronia closed US $9M first tranche of the previously announced subscription by Straight KKM 2 Limited for US $17.5M
SRG Graphite closes $2.1M 1st tranche financing with CORIS Capital
SRG Graphite Inc. (TSX-V: SRG) closed $2.1M first tranche of $3M financing with Coris Capital SA. $900K second tranche to close by September 9, 2017
SRG Graphite secures $3M financing from CORIS Capital
SRG Graphite secured $3M strategic investment from Idrissa Nassa's Coris Capital SA
Valeant sells Obagi to Haitong International Zhonghua Finance Acquisition Fund I
Valeant sells Obagi Medical Products to China Regenerative Medicine backed Haitong International Zhonghua Finance Acquisition Fund I for US $190M
Fairfax Africa to invest over US $130M in Atlas Mara
Fairfax Africa Holdings to invest minimum of US $130M in Atlas Mara Limited, consisting of minimum US $30M equity and US $100M convertible bond.
