Private Equity |

Goldcar’s Owners Said to Hire Deutsche Bank to Weigh a Sale

LAGOS (Capital Markets in Africa) – European private equity firm Investindustrial is exploring a sale of its low-cost car rental company Goldcar Spain SL, which could fetch more than 500 million euros ($533 million), according to people familiar with the matter. The buyout fund, led by Italian businessman Andrea Bonomi, has hiredDeutsche Bank AG to help find a buyer for Goldcar, which operates in southern European markets including Spain, Italy, and Portugal, as well as Mexico and Morocco,…

Africa’s Largest Data-Center Firm Raises $91 Million for Growth

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Teraco Data Environments, which says it is the largest provider of data-center services in Africa, said it raised 1.2 billion rand ($90 million) from South African lender Barclays Africa Group Ltd. to invest in information-technology infrastructure on the continent. The closely held business will use some of the cash to complete the construction of a new data center in eastern Johannesburg by the end of year, according to a statement e-mailed…

Africa Finance Corporation Invests US$25 million in Egypt’s Carbon Holdings

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has announced it is to invest US$25 million in Egyptian petrochemicals company Carbon Holdings Ltd. Carbon Holdings primarily operates in the Suez Special Economic Zone. As well as exporting raw materials and end products, the company aims to develop an integrated large-scale petrochemicals platform in Egypt to take advantage of the country’s strategic geographic location…

DEG invests ZAR100m in Southern African fashion retailer

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa)- DEG is providing ZAR 100 million to Southern African retail chain, Retailability (Pty) Limited which targets customers in the low to middle income bracket. Retailability is deploying the additional capital to expand its operations – as it has recently acquired the fashion retailer LEGIT that also operates in Southern Africa. The investment was facilitated and led by the African Private Equity firm Metier through its Metier Capital Growth Fund II…

CDC and IFC Invest up to US$35m in Africa Logistics Properties

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – CDC Group, the UK’s development finance institution, and IFC, a member of the World Bank Group, will invest up to US$35 million in Africa Logistics Properties Holding (ALP), a developer and manager of modern grade-A warehousing, filling an important gap in logistics infrastructure in the region. The investment – US$25m from CDC and US$10m from IFC – will be used for ALP’s developments in Nairobi, Kenya, the trading hub…

Africa Finance Corporation and others Commit US$350m to Rwanda’s Power Projects

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa)- A US$350 million deal to finance an 80 megawatt (MW) peat to power project in Rwanda, which will improve access to electricity for the three quarters of the country’s population that is currently off the grid, has reached financial close. The power plant, which is expected to increase installed capacity in Rwanda by 40%, will utilise the Country’s significant peat reserves to improve the national installed generation capacity. Despite its…

Why Investors Should Consider A “Private Equity Approach” To Africa

Posted on by The Editorial Team

LAGOS (Capital Markets Investors are desperately searching for new opportunities in order to counter the challenging current low-interest rate environment. For those who have turned to “frontier markets”—and particularly Africa—there has been something of a roller-coaster ride. In 2000, as the world entered the new millennium with great optimism, Africa was viewed with suspicion. It was even branded “the hopeless continent” by The Economist. And yet, between 2002 and 2008, the African stock markets enjoyed…

« 1 … 25 26 27 28 29 … 58 »