AIIM (Old Mutual) shifts its AIIF2 portfolio away from renewables
The pan-African investment fund manager, a subsidiary of Old Mutual, has sold stakes in two projects to another AIIM-managed fund.
06/05/2020 at 18h24, by Aurelie Benoit
After backing two South African energy projects via its AIIF2 fund, African Infrastructure Investment Managers (AIIM) has decided to sell its stakes in both projects to another investment fund it manages, the Infrastructural, Developmental and Environmental Assets (IDEAS) Managed Fund. The transaction – which involves a 14% stake in Cookhouse, a 139 MW wind farm, and a 34% stake in Reisa, a 75 MW solar photovoltaic facility – marks a shift in the makeup of the private equity firm’s portfolio companies and AIIF2’s complete exit from the renewable energy sector.
Recommended articles
Health
08/09/2022 at 20h18, by Africa Business+
Old Mutual’s acquisition of Genric Insurance Company estimated at 300 million rands
Old Mutual, an Anglo-South African insurance company, was assisted in its financial due diligence by...
Construction & Infrastructure
30/11/2021 at 17h56, by Africa Business+
Head of Old Mutual Malawi Edith Jiya seeks MIGA guarantee for housing project
As the issue of housing becomes increasingly crucial on the continent, the project developer is looking...
Private Equity
14/10/2021 at 17h01, by Africa Business+
Another successful round for AIIM on its $370 million flagship IDEAS vehicle
With the South African economy still reeling from the effects of the COVID-19 crisis, the local fund...
Renewable energies
23/08/2021 at 13h41, by Africa Business+
Wind power : after joining Actis and Old Mutual in Northern Cape, Revego to explore continent
Following the Metier and Lereko operations acquisition, the South African company intends to develop...
Private Equity
22/07/2021 at 15h24, by Africa Business+
BlackRock to invest between $125 million to $250 million in African renewable energy sector
The US fund manager will wait to close its Climate Finance Partnership (CFP) to launch its equity investments.
Renewable energies
27/11/2020 at 15h41, by Africa Business+
Eric Scotto pursuing Ethiopian investments for renewables focused Akuo Energy
Ethiopia, Tanzania, Botswana, Mozambique… The independent power producer reveals its ambitious continental...