Private Equity |

Private equity a bright light in Africa’s economic future

Global, 10 April 2017 – New research shows private equity activity in Africa will inject billions of US dollars of sustainable investment over the next five years. Private equity deals in Africa are growing from a low base equivalent to 0.18% of Africa’s GDP in 2016. Every 0.01% increase will mean $200 million more investment and could easily reach $1.1 billion over the next five years. A growth engine: Trends and outcomes of private equity…

Actis exits Edita Food Industries After Four Years

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CAIRO (Capital Markets in Africa) – Actis, a leading growth markets investor, has announced the sale of its remaining 7.5% stake in Edita Food Industries (Edita) to 42 blue-chip international investors from the USA, UK, Germany, South Africa, and the UAE through an accelerated book build on the Egyptian Stock Exchange. Actis originally became a 30% shareholder in 2013, and with this final sale of 7.5% has now fully exited. Edita was founded in 1996…

Kibo Capital invests in I&M Bank Rwanda

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KIGALI (Capital Markets in Africa) – Kibo Capital Partners, a manager of regional private equity funds, today announced an investment by Kibo II in I&M Bank Rwanda, the oldest and one of the most profitable banks in Rwanda. “Our investment in I&M Rwanda (IMR) builds on a long relationship between Kibo and with I&M Bank. Investing in IMR allows Kibo to support a market leading bank to expand further in one of the Sub-Saharan Africa’s…

Enko Capital Starts $200 Million Bond Fund Focused on Africa

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LAGOS (Capital Markets in Africa) – Enko Capital Management LLP is starting a $200 million bond fund that will focus on African sovereign and corporate debt to provide investors with yields higher than those available in developed markets. African and European institutions are backing the fund, which aims to eventually raise as much as $1 billion, and has so far invested in Zambian, Ghanaian and Nigerian government bonds, Alain Nkontchou, managing partner of Enko Capital, said by phone from London. Enko…

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

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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

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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

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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…

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