South African investment firm PE Metier supports a microfinance company through its newest fund
South African PE Firm Metier Makes New Investment in Sub-Saharan Africa
South African private equity (PE) firm Metier has made a significant move in the African market with a new investment from its latest fund. The deal, made in the mid-market sector, marks the firm's seventh bet from a sustainability-focused fund and the fourth deal from the new fund.
The investment was made from Metier Capital Growth Fund III (MCG Fund III), an Africa-focused private equity fund that closed last year with an oversubscription. This is the fifth deal made from this fund, surpassing its target.
The microfinance institution, located in Sub-Saharan Africa, is a new investment for Metier. The company's focus on sustainability aligns with the firm's commitment to backing businesses that contribute positively to the region's development.
It's worth noting that this is South African PE firm Metier's first major deal in nearly two years. The details of the new deal are yet to be disclosed, but the investment is expected to be significant.
While there is no available information about which company has recently invested in Metier Capital Growth Fund III, another PE fund is set to exit, and South Africa's Infra Impact is poised to make its fifth bet.
Metier, a firm that focuses on investments in Sub-Saharan Africa, has a proven track record of supporting businesses in the region. The firm's investments have contributed to the growth and development of various sectors, including the mid-market sector where this latest deal was made.
This news underscores the continued interest and confidence in the African market, particularly in the mid-market sector. As Metier continues to make strategic investments, it's clear that the firm remains committed to driving growth and development in Sub-Saharan Africa.
Stay tuned for more updates as the details of this significant deal unfold.
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