After closing out the past year on a lighter note, the ecosystem opened 2026 at a subdued pace. Holiday slowdowns and year-end resets continued into the first week, with activity centred more on long-term infrastructure shifts and capital realignments than fresh deal flow. The movements this week reflect continuity rather than acceleration, setting a muted tone as markets ease back into the year.
EXITS
Helios Investment Partners exits Axxela after long-term build-out
Helios Investment Partners has closed its full exit from Axxela, ending a long relationship that followed the company’s evolution into a major player in Nigeria’s gas distribution landscape. The sale transfers ownership to a new group of energy-focused investors, marking a transition from private equity stewardship to a platform backed by operators with a regional infrastructure mandate. During Helios’ ownership, Axxela expanded its network, refined its operating model, and strengthened its position as a key supplier to industrial and commercial users across Nigeria and nearby markets.
The exit also closes the chapter on Helios’ energy infrastructure bet in Nigeria, reinforcing its approach of backing essential services businesses through periods of transformation. Axxela’s journey included rebranding, operational restructuring, and a clearer focus on long-term gas infrastructure development. With new owners in place, the company enters its next phase with continuity in its core mission but fresh backing to support future growth. For Helios, the transaction frees capital for redeployment into other African infrastructure opportunities while highlighting the role private equity can play in building durable energy platforms.
INVESTOR ACTIVITIES
Climate Fund Managers backs long-term water infrastructure in South Africa
Climate Fund Managers has committed fresh capital to support a major water infrastructure programme in South Africa’s Limpopo region, reinforcing its focus on climate-resilient assets that underpin everyday economic life. The investment supports the expansion of bulk water systems designed to stabilise supply in an area facing long-standing water stress. By backing this programme, Climate Fund Managers is aligning private capital with public needs, helping strengthen infrastructure that serves households, agriculture, and industry alike.
The project sits within a broader strategy that blends different forms of capital to reduce early risks and attract wider participation. Climate Fund Managers has positioned itself as a specialist in this approach, working across water, sanitation, and green infrastructure in emerging markets. In South Africa, the programme responds directly to climate variability and supply pressures that have constrained growth and community wellbeing. As development progresses, the initiative is expected to demonstrate how patient, climate-focused investment can support essential services while building more resilient regional systems.
