Affirma Capital leads $145m deal for Zambia’s Copperbelt Energy Corporation

Affirma Capital (formerly Standard Chartered Private Equity) has led a $145 million investment into Copperbelt Energy Corporation (CEC) in an significant single-asset continuation deal in Africa.

The private equity firm originally invested in CEC in March 2014 via a structured equity investment backing the company’s controlling shareholder. In March 2018, Affirma Capital converted its investment into a 34.64% shareholding in CEC.

CEC is an independent power transmission and di...

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