Vital Capital was voted as the winner of the EMPEA Institute’s 2017 Sustainability & Operational Excellence Challenge for its its greenfield investment in, and management of Luanda Medical Center, a world class clinic designed to provide high quality healthcare and diagnostic services to the local population of Angola. As LMC was… Read More
Emerging Capital Partners, was chosen one of three finalists in the EMPEA Institute’s 2017 Sustainability & Operational Excellence Challenge for its management of Eranove, a leading African utility platform with operations in power generation, transmission, and distribution, as well as water production and distribution in West… Read More
Pan-African infrastructure fund manager Harith General Partners has acquired a 30 percent stake in Sheltam Mauritius, the parent company of Southern Africa-focused rail company Sheltam Group. Immediately prior to Harith’s investment, Sheltam restructured its shareholder debt obligations, making private investment group Principle Capital the company’s controlling shareholder. With Harith’s and… Read More
Global alternative asset manager The Carlyle Group, China-based conglomerate CITIC and its alternative investment arm CITIC Capital Partners have completed their investment in fast food chain McDonald’s Corporation’s mainland China and Hong Kong businesses. The consortium had previously agreed to invest up to US$2.08 billion, with CITIC and CITIC Capital… Read More
Africa-focused TMT investment management firm Convergence Partners has exited its stake in South Africa-based information technology (IT) services company Dimension Data Middle East & Africa (DiData). The company provides digital infrastructure, network, cybersecurity and other IT management services to businesses in the region. Convergence originally invested in DiData in 2004. Read More
Africa-focused private investment firm Helios Investment Partners has acquired 100 percent of Fertilizers and Inputs Holdings, the Africa-focused agricultural supplies and chemicals subsidiary of multinational agricultural conglomerate Louis Dreyfus Company, for a reported US$200 million. The company, which distributes fertilizers, crop protection products, seeds and industrial chemicals primarily in West… Read More
The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Investec Asset Management, and International Finance Corporation (IFC) have agreed to provide a US$55 million financing package to support the development of the 40.5-megawatt Mocuba solar photovoltaic… Read More
Download the full brief here. Sub-Saharan Africa’s private equity industry is showing signs of maturity—including a record US$8.4 billion in capital raised for funds focused on the region in 2014 and 2015, increasing commitments from commercial investors based both locally and internationally and geographic diversification on the part… Read More
Key findings from the 2017 Global Limited Partners Survey include: Despite year-on-year declines in EM PE fundraising and investment activity in 2016, the majority of LP respondents* do not anticipate a drop in the dollar level of their new commitments to EM PE over the next two years. However,… Read More
Download the full brief here. Unlocking “Stuck” Capital Over the course of the past 15 years, emerging markets (EM) private equity (PE) has grown into a well-established segment of the global marketplace. From 2001 to 2008, capital raised annually for EM-focused private capital funds climbed from US$6.6 billion… Read More
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