Private equity firm Emerging Capital Partners looking to raise additional $750M for Africa deals

Vincent Le Guennou, Co-CEO, Emerging Capital Partners

Emerging Capital Partners, the buyout firm that’s made more than 50 investments in Africa, is seeking as much as $750 million as it pursues further deals.

The funds will be sought in the next 12-18 months from development agencies, sovereign wealth and pension funds and family wealth offices, joint Chief Executive Officer Vincent Le Guennou said May 28 in an interview in Abidjan.

Acquisitions made with the additional funds would take ECP’s assets to $3.25 billion. The Washington-based firm holds stakes in 15 companies and has invested in 45 countries since it was set up in 2000, targeting chiefly financial services, power and water, telecommunications and consumer goods.

Read more: Buyout Firm ECP Seeks Further $750 Million for African Deals – Bloomberg Business