Private Equity |

The Four Africas: Nigeria – The Unstoppable Super Eagle

LAGOS (Capital Markets in Africa) – It is a results-driven world we live in, like it or not. And the rules are simple, occasionally ruthless, but invariably bottom-line. Whenever international financial institutions or global marketing giants look to invest their capital, manpower and technology in a new market, they invariably ask one question: Are the fundamentals sound? If the answer is “yes,” they continue. They set down roots. And they often use that nation as…

Norway Development Fund Bets Big on African Finance

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LAGOS (Capital Markets in Africa) Norway’s state-run development fund, Norfund, is finding the fattest returns in Africa are in the financial industry. The $2 billion fund, which is more and more concentrating its investments in sub-Saharan Africa, placed more than half its new capital last year in financial institutions. That focus helped salvage returns last year. At the end of 2016, the fund had invested 16.8 billion kroner ($2 billion) in 124 companies, with renewable…

8 Miles acquires 20% stake in Blue Skies

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LONDON (Capital Markets in Africa) – 8 Miles LLP, the pan-African Private Equity firm, today announces an investment in Blue Skies, a UK-incorporated business with operations in several African countries that is the leader in the production of fresh-cut tropical fruit for UK and Western European supermarkets. The investment gives 8 Miles a significant minority stake alongside the founder investors and management team. Financial details of the transaction have not been disclosed. Blue Skies produces…

Private Equity in Africa: Emerging Trends

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LAGOS (Capital Markets in Africa) – Private equity in Africa has come a long way since the early 1990s, which saw development financial institutions (DFIs) investing in government initiated development projects across the continent. The period that followed was characterised by the emergence of a limited number of South African focused PE funds, which over the next decade started to invest more widely across the continent. By 1997, there were 12 private equity funds that…

Investec Asset Management invests in SJL Group

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RABAT (Capital Markets in Africa) – Investec Asset Management (IAM), through its Africa Private Equity capability, has completed the management buy-out of 100% of SJL Group. SJL is the market-leading transport and logistics operator providing fully integrated cross-border services on the Morocco-EU corridor, as well as in Tunisia and domestically in Morocco. Together with its co-investors, DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH and Avanz Capital, IAM is backing an experienced senior management team, led…

Synergy Capital Managers invests in Northstar

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LAGOS (Capital Markets in Africa) – Synergy Private Equity Fund (SPEF) is pleased to announce the completion of its investment in Northstar Finance Services Limited (Northstar), a financial services platform providing solutions across the financial service value chain in select countries across West Africa. Northstar is building a portfolio of assets in key segments of the financial sector with the aim to be the leading personal finance brand in West Africa. The investment in Northstar…

Mediterrania Capital Partners and AfricInvest exit Grupo San Jose & Lopez (SJL)

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RABAT (Capital Markets in Africa) – Mediterrania Capital Partners, a regional private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, and AfricInvest, a leading pan-African SME-focused private equity firm with more than $1bn under management, are together pleased to announce the sale of Grupo San Jose & Lopez (SJL), a logistics and international road freight transport company with operations in the Maghreb and Europe. Under the ownership of Mediterrania…

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