Private Equity |

Fund Raising | Actis raises over $500m for new African real estate fund

LONDON, Capital Markets in Africa: Actis, a leading growth markets investor, is pleased to announce that it has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (“ARE3”) with commitments totalling more than $500m, comfortably exceeding its original $400m target. ARE3 is the largest opportunistic private real estate fund targeting sub-Saharan Africa raised in the market to date. ARE3 has a diverse investor base, including pension funds,…

Old Mutual Alternative Investments to manage R380mn investment deal

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Johannesburg, South Africa, Capital Markets in Africa: Barnstone Education and the Schools and Education Investment Impact Fund South Africa have announced an additional investment as part of the second phase of the Prestige School project, a multi-million rand deal, which will fund the development and operations of six Prestige College affordable independent schools. This brings the total finance allocated to the project to R380 million. The deal is the latest of its kind for the…

Investment | Private Equity | Actis invests in Mundiapolis University, Morocco

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LONDON, Capital Markets in Africa: Actis has invested in Mundiapolis University (Mundiapolis), a top ranking private university in Morocco, as a bolt-on acquisition to its investment in Emerging Markets Knowledge Holdings. Actis is investing in Mundiapolis to support an ambitious development plan that strengthens the university’s offering, accelerates its internationalisation, and strengthens its important contributions on the African continent. Across growth markets, education is at the centre of changing lifestyles, as employers pay premiums for…

Private Equity | Half of the Angola Sovereign Wealth Fund invest in Private Equity

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Luanda, Angola, Capital Markets in Africa: Angola’s sovereign wealth fund said it put more than half of its investments in private equity funds focused in the country and across sub-Saharan Africa last year, describing its performance as “solid,” particularly in light of the global economic turbulence. The fund, known as FSDEA, had assets worth $4.7 billion in 2015 after being endowed with $5 billion from the government in 2014, according to an investment update released on…

Private Equity | Harith General Partners has invested in NOVO Energy

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Johannesburg, South Africa, Capital Markets in Africa: Harith General Partners has invested in NOVO Energy, a power and technology company that specialises in supplying alternative fuel technologies and services in Africa. Harith, the South African based fund manager, purchased a significant shareholding at NOVO Energy through its US$435m second Pan African Infrastructure Development Fund (PAIDF2). The partnership was established to create a strategic alignment and focus on the supply of natural gas in the Southern African energy…

Investment | The Carlyle Group invests in Mazarine Energy

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London, Capital Markets in Africa: The Carlyle Group announced an investment in Mazarine Energy B.V., an upstream oil and gas company with existing assets in Tunisia. Carlyle will also grant Mazarine Energy access to an equity line of up to $500 million to fund future bolt-on acquisitions, focusing on low risk, near-term, conventional exploration, development and production opportunities in Europe, Africa and the broader Mediterranean region. Capital for this investment and for the equity line…

Private Equity | Barclays Africa Said to Attract Abraaj-Led Group for Stake

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LAGOS, Nigeria, Capital Markets in Africa: Buyout firm Abraaj Group is leading a group of investors planning to bid for a minority stake in Barclays Plc’s African unit, according to people familiar with the matter. Abraaj is working with financial advisers and is in discussions to team up with other investors including a Middle Eastern sovereign wealth fund, the people said, asking not to be identified as the information is private. The private equity firm may bid for as…

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