Over a year has passed since the collapse of Abraaj Group (Company), which at its peak was among the world’s largest emerging markets-focused private equity firms with USD 13.6 billion under management. As of May 2019, entities and individuals had asserted losses of over USD 1 billion against the company,… Read More
The latest edition of EMPEA’s Legal and Regulatory Bulletin explores a range of issues impacting private investment across the world (particularly, Latin America, the Middle East, Africa, China, the EU, and the US) and the implications of those issues for practitioners. Bulletin contributions: When Does a Private Fund Manager’s “Fiduciary… Read More
UK-based, Africa-focused telecommunications infrastructure company Helios Towers has raised GBP288 million (approximately USD362 million) through its initial public offering (IPO) on the London Stock Exchange. The company sold shares at a price of GBP1.15 (USD1.45) per share in the listing. Helios operates 6,800 mobile network cellular towers in Ghana, Congo,… Read More
Africa-focused private investment firm Helios Investment Partners has agreed to sell its stake in Eland Oil & Gas, a UK-listed company focused on oil and gas production, development, and exploration in West Africa, to Nigeria-based upstream oil and gas company Seplat Petroleum Development. Seplat will acquire the entire ordinary share… Read More
Global alternative asset manager The Carlyle Group has agreed to invest in Boru Energy, a newly established oil and gas investment platform. The platform, which will be run by former Tullow Oil executives, will acquire up to USD1 billion in non-operated oil and gas production assets in Sub-Saharan Africa from… Read More
Africa-focused private investment fund manager Amethis has sold its stake in Ivory Coast-based consumer product marketing company Compagnie de Distribution de Côte d’Ivoire (CDCI) to Retail Holding, a Morocco-based collection of retail brands. Amethis and Retail Holding first invested in CDCI in December 2014. Financial details of the transaction were… Read More
Africa-focused evergreen investment company Tana Africa Capital has agreed to invest MAD200 million (approximately USD20 million) in the red fruits subsidiary of Palmagri, the agricultural division of Morocco-based conglomerate Palmeraie Holdings Group. Through the transaction, Tana Africa will secure a minority stake in Palmagri’s subsidiary and nominate a director to… Read More
EMPEA Members, log in and click through for your exclusive access to the detailed report and underlying data. Following two years of subdued activity, Africa fundraising shows signs of recovery, as many GPs have launched follow-on funds after weathering political and economic uncertainty in the continent’s largest economies. Led by the… Read More
Tell Group, a private equity and corporate advisory firm focused on Europe, the Middle East, and North Africa, has led a USD4 million Series A financing round for Algeria-based ride-hailing and delivery platform temtem. The company plans to use the new capital to accelerate its growth and launch new products,… Read More
Download press release CHINA DECELERATION LEADS TO OVERALL SLOWDOWN IN EMERGING MARKET PRIVATE CAPITAL ACTIVITY Subdued investment in Asia’s largest market, as well as fewer large-cap pan-Asia funds raising capital, rein in total EM activity levels despite bright spots in other regions,… Read More
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