TPG Capital News

Nigeria's Cars45 closes $5M round to digitize Africa's used autos markets

Nigeria's Cars45 closes $5M round to digitize Africa's used autos markets

Africa’s startup boom is moving into the used-vehicle space. Nigeria based Cars45.com raised a $5 million Series A round from the Frontier Cars Group, a holding company whose backers include Balderton Capital, EchoVC, TPG Growth, and NEA.

Waitresses place a series of orders at the Orbit Place Java House, a chain of Kenyan cafes

East African assets attract private equity interest

Family businesses seek sales amid growth in buyout groups in the region

Carlyle Group And TPG Capital Make $100M Bid for Kenyan coffee chain Java House

Carlyle Group and TPG Capital make $100M bid for Kenyan coffee chain Java House

Two of America’s largest private equity firms, Carlyle Group and TPG Capital, are looking to acquire Kenyan coffee chain Java House is a deal that could be worth as much as $100 million.

Sub-Saharan Africa & private equity approaches to enhancing economic development: ODI

Sub-Saharan Africa & private equity approaches to enhancing economic development: ODI (Infographic & Report)

Private equity has been the fastest growing flow to the region with a five-fold growth rate and more than $50 billion of inflows since 2008. Private equity now comprises approximately $12 billion annually and 20% of cross-border capital flows.

Yemi Lalude, Managing Partner, TPG Africa

Private equity firm TPG Growth appoints Harvard-trained Yemi Lalude as Managing Partner of TPG Africa

TPG Growth, the global middle market and growth equity platform of private equity firm TPG Capital, has announced the appointment of Yemi Lalude as Managing Partner of TPG Africa.

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.

Eytan Stibbe, Managing Partner, Vital Capital

Private equity firm Vital Capital plans $500M Africa fund as demand booms

Private equity firm Vital Capital Investments LP is planning a $500 million investment fund that will focus on African industries overlooked by competitors.

Spanish billionaire Alberto Cortina. Photographer: Fernando Camino/Cover/Getty Images

Bob Diamond has a rival as Spanish billionaire Alberto Cortina eyes Africa bank deals

Ex-Barclays Plc Chief Executive Officer Robert Diamond has a rival: Spanish billionaire Alberto Cortina, who is building a banking presence in West Africa to take advantage of demand from sovereign and corporate clients.

Sudanese billionaire Mo Ibrahim has partnered with TPG to invest up to $1 billion in Africa.

Private equity power house TPG and billionaire Mo Ibrahim partner to invest up to $1 billion in Africa

TPG, one of the world’s largest private equity firms with $70 billion in assets under management, plans to invest up to $1 billion in Africa in a partnership with Sudanese billionaire, Mo Ibrahim.

Abidjan, Ivory Coast

Private equity firms look to Ivory Coast for deals

Some of the largest private equity investors in sub-Saharan Africa are considering expanding into Ivory Coast, a country that is currently experiencing an economic renaissance after years of conflict.

Tope Lawani, Co-Founder & Managing Partner, Helios Investment Partners

Helios Invests $50m in Nigeria’s Fast-Growing Pension Market

Helios Investment Partners, a private-equity firm that focuses on Africa, has bought a minority stake in Nigeria’s ARM Pension Managers to tap into the nation’s fast-growing pension market, according to co-founder Tope Lawani.