Pan-African private equity fund manager AfricInvest has reached a second close for FIVE, a financial-services focused evergreen investment platform, with EUR61 million (approximately US$70 million) in capital commitments. New investors in the fund include the Central Bank of Kenya Pension Fund and development finance institutions Norfund and IFU. FMO and… Read More
Africa-focused private equity fund manager Phatisa has reached a first close for Phatisa Food Fund 2 with approximately US$122 million in capital commitments. Phatisa will continue to focus on investment opportunities in farm mechanization, agricultural inputs, poultry and meat production, food processing, logistics and food distribution across Sub-Saharan Africa. The… Read More
Emerging markets specialist private equity fund manager LeapFrog Investments has invested in Pyramid Group, a Tanzania-based medical equipment and pharmaceuticals distributor serving customers across Sub-Saharan Africa. Through the new partnership with LeapFrog, Pyramid intends to expand its distribution network across the region, optimize internal operations and introduce new product lines,… Read More
Impact North, a joint venture between global growth markets investor Actis and South Africa-based real estate investment firm Improvon Group, have reportedly launched the Nairobi Gate Industrial Park. The 103-acre development, which will require investment of KES11 billion (approximately US$108 million), will comprise warehousing facilities for use in the industrial… Read More
Sub-Saharan Africa-focused impact investment firm Investisseurs & Partenaires has reached a final close for fund of funds I&P Développement 2 (IPDEV 2) with EUR21 million (approximately US$25 million) in capital commitments. Investors in the fund include the Adolf H. Lundin Charitable Foundation, the African Development Bank, BNP Paribas, Ceniarth, Soros… Read More
Global investment banking and asset management group Goldman Sachs has led a funding round totaling US$52 million for South Africa-based mobile financial services company JUMO. Other investors in the round include development finance institutions Proparco and Finnfund, as well as private equity and venture capital firms Vostok Emerging Finance, Gemcorp… Read More
Africa-focused private equity fund manager AfricInvest has fully exited its stake in Kiboko Holdings, a Mauritius-based company with interests in pharmaceuticals, insurance and fast-moving consumer goods businesses in East Africa. AfricInvest committed EUR9.5 million (approximately US$14 million) to Kiboko through AfricInvest Fund II, a Sub-Saharan Africa-focused fund, in May 2011. Read More
China-based Lantu Information Technology, which operates automobile after-sales products and services platform Tuhu Yangche, has raised a Series E round of US$450 million led by China-based internet conglomerate Tencent Holdings and global alternative investment fund managers The Carlyle Group and Sequoia Capital. Other participants in the funding round include state-sponsored… Read More
Download the full press release here. Washington, D.C., 6 September 2018: Private capital fundraising and investment activity in emerging markets (“EM”) increased by 11% and 21%, respectively, in the first half of 2018, driven predominantly by activity in Emerging Asia, according to EMPEA’s latest… Read More
The EMPEA Data Insights are quarterly updates of high-level trends and notable developments in all major emerging market regions plus Brazil, China, and India. The Data Insights offer unique access to EMPEA’s statistics at the regional and country level and provide detailed analytics of fundraising trends and deal flow. … Read More
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