Afriflora News

Marlon Chigwende (L), former Managing Director, Sub-Saharan Africa at Carlyle; Kayode Akinola (R), Director, Africa at KKR. Credit: LinkedIn

Former Africa heads at Carlyle and KKR to set up private equity firm Arkana Partners

Kayode Akinola quits KKR to start firm with Marlon Chigwende. New firm to target investments of less than $100 million in equity.

Afriflora, a rose farm in Ethiopia, attracted a $200M investment from private equity powerhouse KKR last year.

From milk to roses, private equity investments in Africa on the rise

From milk churning in Zimbabwe to rose growing in Ethiopia, private equity investments in Africa have returned to pre-crisis levels and should keep rising as funds seek bumper returns in far-flung markets.

US private equity firm KKR made its maiden investment in Africa in 2014, spending $200M on a stake in an Ethiopian flower farm.

Private equity giant KKR hires ex-Bolloré Group executive Dominique Lafont to head push into Africa

KKR appointed the former chief executive of Africa’s biggest ports and logistics network as a senior adviser, in a sign the private equity house is looking to invest in the region’s infrastructure.

David Rubenstein, Co-Founder & Co-CEO, The Carlyle Group

Private equity: The African promise

Carlyle Group co-founder David Rubenstein made headlines last year for suggesting Africa was poised to become the next private equity hotspot. “The great explosion in private equity, if it is going to occur anywhere around the world in the next couple of years, is probably going to be in Africa, particularly sub-Saharan Africa …”

Sev Vettivetpillai, Partner, Abraaj Group

Africa the big prize for Abraaj private equity group

After a deal-making spree in Africa in 2013 that included investments in Ghana, Cote d’Ivoire and Kenya, private equity group Abraaj is on track for an equally active 2014.

Ethiopian Flower Industry

KKR To Invest $200M In Ethiopian Flower Business

KKR Buys Rose Farm Company in First Africa Deal.