At its May meeting in Washington, EMPEA’s Legal and Regulatory Council discussed the regulatory changes facing the private equity industry and the likely impact of those changes on the membership of EMPEA. The Council concluded that some of the changes, such as the European Alternative Investment Fund Managers Directive (AIFMD),… Read More
Private equity is a longstanding component of Africa’s economic landscape. However, strong growth, an expanding middle class, and a global trend that is seeing more investors seeking growth from a broader and more varied range of markets is driving an increased interest in the region. In 2007, Sub-Saharan Africa… Read More
Pan-emerging markets private equity firm Actis will acquire a 100 percent stake in Paycorp, a South Africa-based payments business, together with the company’s management team for US$95 million. Actis and the management will purchase the stake from financial services group Transaction Capital, which bought the company in 2006. Paycorp… Read More
South African alternative asset management firm Capitalworks has raised ZAR2.7 billion (approximately US$275 million) for Capitalworks Private Equity Fund II. The fund, which was oversubscribed, attracted commitments from global institutional investors, high net-worth families and charities. Capitalworks plans to invest in mid-market South African companies operating in sectors such… Read More
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based Rehoboth, a supermarket and bakery. Rehoboth intends to use the capital injection to purchase a larger building and new industrial bakery equipment. Financial details of the transaction, which was structured through XSML’s Central Africa… Read More
Pan-Africa focused private equity group Databank Agrifund Manager Limited’s AAF SME Fund, a sub-fund of the Africa Agriculture Fund, which in turn is managed by private equity fund manager Phatisa, has invested in Madagascar-based Guanomad, a producer of guano-based organic fertilizer. The financing is intended to increase the reach… Read More
Emerging markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based Dalio, a car rental service provider that operates under the AVIS brand. Dalio intends to use the new financing for expansion plans in Kinshasa and Lubumbashi. Financial details of the transaction, which was structured… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has acquired a 39 percent stake in PetroIvoire, a Côte d’Ivoire-based distributor of oil and gas products. With the new financing, Petrolvoire intends to extend its reach in Côte d’Ivoire and take advantage of… Read More
South Africa-based Lereko Metier Capital Growth Fund (LMCGF), which focuses on mid-cap buyout and growth opportunities in Southern Africa, has acquired South Africa-based Institute of Marketing Management (IMM) Group. In partnership with Dutch development bank FMO and South African investment manager Ke Nako Capital, LMCGF has agreed to commit… Read More
The Abraaj Group, an investor operating in the growth markets of Asia, Africa, Latin America and the Middle East, has agreed to acquire a 100 percent stake in Ghana-based Fan Milk International (FMI), a manufacturer and distributor of frozen dairy products and juices in West Africa. FMI intends to… Read More
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