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New Deal


Announced

Completed

Infinity Group and AFC completed the acquisition of Lekela from Actis and Mainstream.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Friendly

Acquisition

United Kingdom

african areas

generating power

renewable energy

Alternative Electricity

South Africa

Majority

Private

Private Equity

Completed

Synopsis

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Infinity Group, an energy investor, and Africa Finance Corporation, an investment grade multilateral finance institution, completed the acquisition of Lekela Poer, a renewable energy generation equipment company, from green energy companies Actis and Mainstream. Financial terms were not disclosed. "It’s a testament to the work we have done in partnership with Lekela’s management team that Lekela was rated one of the highest performing companies globally by Sustainalytics, under its ESG Risk Rating assessment process in November 2021. In particular, Sustainalytics noted Lekela’s strong management of land use and biodiversity issues, business ethics, occupational health and safety and community relations," Shami Nissan, Actis Partner and Head of Sustainability.

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