Private Equity (PE) News

How private equity investors create value in Africa: EY/AVCA

Private equity activity in Africa at multi-year high (Infographics & Report): EY/AVCA

In EY‘s fourth annual analysis of private equity exits in Africa, it finds that even amidst economic uncertainty, private equity saw strong exit volume in 2015, bringing exits to a nine-year high.

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.

Edwin Dande, Managing Partner & CEO, Cytonn Investments. Credit: capitalfm.co.ke

Kenya set to remain a hotspot for private equity investments in East Africa

According to Cytonn Investments, Kenya will remain a hotspot for private equity (PE) with global deal makers expected to continue to be attracted by the country’s improved business environment.

Why Africa Remains Ripe for Private Equity: BCG

Why Africa Remains Ripe for Private Equity: BCG (Infographics & Report)

For the past decade, Africa has been one of the world’s hottest growth markets for private equity investment. In the early 1990s, a mere dozen Africa-based funds managed a combined $1 billion; today, more than 200 funds manage upwards of $30 billion.

African markets are ripe to absorb more private equity investment

African markets are ripe to absorb more private equity investment (Infographics)

Private equity investments across Africa may soon rise as firms are set to expand their activity on what remains one of the fastest growing regions in the world.

Africa's Private Equity Promise And What It Can Deliver

Africa's Private Equity Promise And What It Can Deliver

The fundamental precept of Private Equity (PE) is to transform a company and improve it, thus allowing it to achieve its full capability by enhancing its operational structure.

Port of Mombasa, Kenya

Why Invest in Africa? The Big Picture

While the last couple of years have been tough for African equities and currencies, we believe the long-term case for investing in Africa remains intact.

Endeavor-led consortium to build Ghana power station

Endeavor-led consortium to build $552M Ghana power station

A consortium led by Africa-focused power producer Endeavor Energy began building a $552 million, 200-megawatt power plant in Ghana on Wednesday, it said in a statement.

Spotlight on Southern Africa Private Equity: African Private Equity and Venture Capital Association (AVCA)

Spotlight on Southern Africa Private Equity (Report & Infographic): African Private Equity and Venture Capital Association (AVCA)

Between 2010 and 2016 H1, there were 277 reported private equity deals in Southern Africa totaling $3.5 billion.

Fashion-conscious Lagosians switch to online shopping

Fashion-conscious Lagosians switch to online shopping

Three years ago, MallforAfrica joined the raft of Nigerian tech start-ups attracting private equity and venture capital backing.

The Carlyle Group Acquires CMC Networks, a Pan-African Network Connectivity Provider

The Carlyle Group Acquires CMC Networks, a Pan-African Network Connectivity Provider

Global Alternative Asset Manager The Carlyle Group announced last week that it has agreed to acquire a majority share of CMC Networks.

Felix Olale, Partner, LeapFrog Investments

LeapFrog acquires $22M majority stake in Kenya's Goodlife Pharmacy (Video)

LeapFrog Investments, a leading specialist investor in emerging markets, today announced its acquisition of a USD 22m majority stake in Kenya’s GoodLife Pharmacy.

Spotlight on East Africa Private Equity: African Private Equity and Venture Capital Association (AVCA)

Spotlight on East Africa Private Equity (Report & Infographic): African Private Equity and Venture Capital Association (AVCA)

Between 2010 and 2016 H1, there were 167 reported private equity deals in East Africa totaling $1.4 billion.

Nairobi, Kenya. Credit: investinginafrica.net/Ninara

Kenya's top three dividend stocks

Dividend stocks can provide a great foundation for an investment portfolio.

Jeff Schlapinski, Director of Research, EMPEA

Private equity investment in Africa heats up as pension funds stay local

African private equity is having its moment in the sun, with pension funds on the continent ready to invest in their own backyard as investment banks continue to retreat from lending and domestic strategies mature.

Dangote Industries cement plant in Dakar, Senegal

Gulf investments in Africa beginning to spread far and wide

Traditionally, investments from the Arabian Gulf into Africa have focused on North Africa, owing partly to closer cultural ties and the Gulf’s focus on western markets. This scenario is slowly changing and so too are the pan-African investment strategies of Gulf investors.

Chinelo Anohu-Amazu, Director General, Pension Commission of Nigeria (Pencom)

Africa still attractive to investors, says PenCom Head Chinelo Anohu-Amazu

Portfolio flows into Africa may be falling but this marks a readjustment in the way investors interact with the continent, says Chinelo Anohu-Amazu, Head of Nigeria’s National Pension Committee (PenCom).

East African Community a bright spot amidst emerging markets gloom

East African Community a bright spot amidst emerging markets gloom

While many countries are registering a sharp slippage in economic growth, East African economies, Ethiopia included, are expected to deliver above 6 percent economic growth, the World Bank has said in its latest report.

There's still room for growth. Credit: qz.com/Reuters/Akintunde Akinleye

The "Africa Rising" story isn't over yet, despite China's slowdown and flagging growth in Nigeria and South Africa

The idea that African economies are on the way up first became popular around 2010, buoyed by a commodities boom and improved governance across the continent. Now, with flat commodity prices and slowing demand from China, the narrative of “Africa Rising” has mostly fallen out of fashion.

Scatec Solar and Norfund sign power purchase agreement for Mozambique's first large-scale scale solar plant

Scatec Solar and Norfund sign power purchase agreement for Mozambique's first large-scale solar plant

In addition to this new 40 MW plant in Mozambique, Scatec Solar operates 200 MW of solar power plants in South Africa and Rwanda and has new projects under development across Africa, including in Mali, Nigeria and Kenya.

African Private Equity Academy to be launched in Sandton, South Africa

African Private Equity Academy to be launched in Sandton, South Africa

The South African and Kenyan offices of pan-African law firm Bowmans together with international law firm Freshfields Bruckhaus Deringer and leading Nigerian law firm Udo Udoma & Belo-Osagie will launch their inaugural African Private Equity Academy in Sandton this week.

Paul Kavuma, CEO, Catalyst Principal Partners

Catalyst Principal Partners acquires majority stake in Tanzanian pharma company for $125M

Catalyst Principal Partners, a leading East African focused private equity firm, has acquired a controlling stake in Zenufa Laboratories in Tanzania for $125 million.

Kigali Heights, Kigali, Rwanda (Illustration)

Magnificent Kigali Heights to open in November

Kigali Heights, a new mega-commercial complex in Rwanda’s capital Kigali, has set November as the opening month for the $36 million property.

Okechukwu Enelamah, Nigeria's Minister of Industry, Trade and Investment (L) and Natalie Kolbe, Partner & Co-Head of Private Equity at Actis

An Enabling Enterprise Environment And Accountability Are Key For Nigeria's Long Term Future: Okechukwu Enelamah, Nigeria's Minister Of Industry, Trade & Investment And ACA Co-Founder & Former CEO

Actis, a leading growth markets investor, hosted over 200 senior public and private sector decision makers in Lagos at Heritage Place in Ikoyi to share Actis’ perspectives on the Africa opportunity and potential for Nigeria.

South African billionaire Nicky Oppenheimer is one of the wealthiest men in the country with a net worth of $6.8B (Forbes, 2014).

South African Diamond Billionaire Oppenheimer Backs New Hedge Fund Startup

The family of South African diamond-mining billionaire Nicky Oppenheimer is backing a new hedge fund to be run by ex-Capricorn Capital Group Ltd. money managers Andrew Crawford and Stephen Carew.

Novare Lekki Mall (Illustration)

Nigerian property crash attracts brave investors betting for the long-term

A property market crash in Nigeria offers opportunities for brave investors betting that Africa’s most populous nation will deliver high returns when it climbs out of recession.

Tamassa Resort in Mauritius

Property fund Mara Delta agrees to buy Tamassa Resort in Mauritius

LUX* Resorts and Hotels sells Tamassa Resort for US$40 million in sale-and-leaseback deal.

Africa is still one of the world's most attractive markets for private equity: Boston Consulting Group (BCG)

Africa is still one of the world's most attractive markets for private equity: Boston Consulting Group (BCG)

Africa remains one of the world’s growth opportunities for private equity investors, even though the market has already surged dramatically over the past decade and several economies face serious challenges.

Amrod's In-House Branding

Carlyle Group to acquire Amrod, a South African Supplier of Promotional Products and Clothing

The Carlyle Group announced last week that it has agreed to acquire a majority share of Amrod, a fast-growing supplier of promotional products and clothing, serving distributors in South Africa and neighbouring countries.

Wale Tinubu, CEO, Oando

Helios Investment Partners enters agreement to acquire 49% of Oando Gas & Power in $115.8 million deal

Oando has announced the execution of a definitive agreement with Helios Investment Partners to acquire 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power Limited (OGP).

Shoppers walk past an Edgars store at a shopping center in Soweto, southwest of Johannesburg. Credit: Reuters/Siphiwe Sibeko

Bain in $1.5 billion South African Edcon debt for equity deal

Private equity firm Bain Capital has agreed a debt for equity swap deal valued at $1.5 billion for Edcon, the chief executive of the South African clothes retailer said last Tuesday.

Diane Radley, Old Mutual Investment Group

Why Old Mutual is investing millions in Nigeria's property and agriculture markets

This month, South African financial services firm Old Mutual Investment Group announced a partnership with Nigeria’s sovereign wealth fund for the investment of US$700m in real estate and agriculture.

Deepak Malik, Africa Regional Director, Norfund

Norway-Backed Fund on Hiring Spree in Africa Finance Venture

A new development-finance venture that will control banking and other assets worth more than $660 million across sub-Saharan Africa plans to hire as many as 20 people including analysts to manage its investments and help it spend another $300 million on acquisitions.

Nigerian biscuit maker Beloxxi lures $80M private equity investment

Nigerian biscuit maker Beloxxi lures $80M private equity investment

Nigeria’s snacks industry has attracted the interest of a private equity firm founded by Sir Bob Geldof in a boost for Africa’s biggest economy.

Duet launches new PE fund focused on distressed Nigerian companies

Duet launches $400M private equity fund focused on distressed Nigerian companies

Duet Private Equity has signed an exclusive agreement with the Asset Management Corporation of Nigeria (AMCON) to establish an investment fund focused on Nigeria’s fast-moving consumer goods (FMCG) sector.

Ada Osakwe, Founder & CEO, Agrolay Ventures

How I moved from the public sector to the private sector: Ada Osakwe, Founder & CEO, Agrolay Ventures

I have a first-class degree in Economics from the University of Hull, UK. I have a Master’s degree in Economics and Finance from the University of Warwick, UK, and an MBA from the Kellogg School of Management at Northwestern University, USA.

Bright Africa 2016 - Private Equity: RisCura

Bright Africa 2016 - Private Equity: RisCura (Report)

The increase in private equity fundraising in 2015 is evidence of the strong interest in investing in Africa’s real economy, despite the recent challenges in which many African countries find themselves.

Nicky Newton-King, CEO, Johannesburg Stock Exchange (JSE)

Johannesburg Exchange Boss Nicky Newton-King Braces for Competition

South Africa’s stock exchange is getting an upgrade. To keep up with growing competition, the Johannesburg Stock Exchange has embarked on a long-term project to gather all of its markets onto a single, faster trading platform and a new clearing system.

Novare Matola (Illustration), Maputo, Mozambique

Novare Africa Property Fund II closes with $350 million for investment

Novare Africa Property Fund II, the fund with a mandate to invest in retail and commercial real estate in sub-Saharan Africa outside of South Africa, has announced its final close at the end of June 2016.

Building the Entrepreneurial Base in Africa

Building the Entrepreneurial Base in Africa: J. Eric Wright, Chairman, Africa Venture Partners

J. Eric Wright was headed for Wall Street until he decided to take a year off in Africa. That short jaunt has stretched into nearly three decades on the continent — and led him to his life’s work.

AIG is the parent company of Jumia, one of Africa’s leading e-commerce firms.

CDC invests €50M in Africa Internet Group

CDC, the UK’s development finance institution, recently announced a EUR50m equity investment in Africa Internet Group (AIG).

Mark Okoye, Executive Director & Secretary, Anambra State Investment Promotion and Protection Agency (ANSIPPA)

Invest Nigeria - Think Anambra (Presentation): Anambra State Investment Promotion and Protection Agency (ANSIPPA)

In March 2015, Anambra was ranked the most transparent and accountable state in Nigeria, complying with all the set standards in public sector accounting, according to the International Public Sector Accounting Standards (IPSAS).