Global private investment firm TPG, along with media-focused investment company Evolution Media and Africa-focused investment firm Satya Capital, has agreed to acquire a majority stake in France-based, Sub-Saharan Africa-focused online music and entertainment platform TRACE. The company, which owns and operates 30 digital and mobile services, 21 pay television channels… Read More
Western Europe- and U.S.-focused venture capital firm Partech Ventures has reached a first close for Partech Africa Fund with more than EUR57 million (approximately US$70 million) in capital commitments. Investors in the fund include development finance institutions IFC, which committed EUR15 million (approximately US$18 million), and European Investment Bank (EIB);… Read More
Africa-focused private equity firm Helios Investment Partners has led a US$55 million Series D funding round for Tanzania-based rooftop solar power provider Off Grid Electric. GE Ventures, the venture capital subsidiary of General Electric, also participated in the round. The company plans to use the funds to develop new products… Read More
Sub-Saharan Africa-focused private equity firm Amethis Finance has agreed to invest in Côte d’Ivoire-based agro-industrial firm Afriwara Group through Amethis Finance Fund. Afriwara, which is the main shareholder of Société Nouvelle de Confiserie de Vridi (Waraba brand), will use the new capital to support its regional expansion via new acquisitions. Read More
West Africa-focused impact investment fund manager Injaro Investments, together with development finance institution BIO, has invested in Niger-based poultry farm operator and egg producer AviNiger. Injaro invested through Injaro Agricultural Capital Holdings. The company will use the capital to build a new egg production facility with an annual capacity of… Read More
Download the full article here. By Geoffrey P. Burgess, James C. Scoville, Benjamin Lyon, Sayo Ogundele, Debevoise and Plimpton LLP The insurance industry in general, and M&A opportunities in Africa, are still in their infancy, and this brings a range of opportunities for international insurers and investors. In… Read More
The EMPEA Fall Bulletin focuses on various topics including complex tax efficiency considerations for U.S. taxable and tax-exempt investors considering investment in India, challenges resulting from a decision to invest in Indian distressed debt, optimal investment structures following recent changes in the Indian Insolvency and Bankruptcy Code and an… Read More
By Ann Marie Plubell, Vice President, Regulatory Affairs, EMPEA Introduction The complexity of tax considerations on the strategic decision to select and enter an emerging market cannot be denied. The value of early tax analysis from multiple perspectives for both the funds (here termed “GPs”) and the investors in… Read More
By Owen Lysak, Clifford Chance LLP The UK has had its first general election since it voted to leave the European Union (EU) last year, just weeks ahead of the start of Brexit negotiation talks. The asset management industry continues to face a period of uncertainty whilst we wait… Read More
The EMPEA Summer Bulletin focuses on various topics including the changing relationship between the United Kingdom and the European Union, recent currency and policy developments in China (particularly, the “One Belt Road” policy) and the likely impact of a new bankruptcy code on private credit and private equity industry… Read More
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