Private Equity |

Private Equity | Harith General Partners has invested in NOVO Energy

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…

Private Equity | Abraaj Readies Nigerian Fertilizer, East African Insurance Deals

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LAGOS, Nigeria, Capital Markets in Africa: Abraaj Group, a Dubai-based private equity firm, is in the final stages of approval for three transactions in sub-Saharan Africa and will probably make further investments in the region before the end of the year, partner Sev Vettivetpillai said on Thursday. Abraaj is seeking final internal approval for three transactions, including one in Nigeria’s fertilizer industry, an insurance investment in East Africa and an industrial business in South Africa, he said in an…

Private Equity | The Abraaj Group exits Unimed via an IPO on the Tunis Stock

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Tunis, Tunisia, Capital Markets in Africa: The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced that it has successfully exited its investment in leading Tunisian pharmaceutical company Unité de fabrication de médicaments (‘Unimed’ or the ‘Company’), through an initial public offering (‘IPO’) on the Tunis Stock Exchange. The Abraaj Group invested in Unimed through one of its Funds in 2011. Unimed represents the first IPO this year on…

Private Equity | Abraaj Said to Seek Up to $300 Million Value in Egypt Health IPO

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LAGOS, Nigeria, Capital Markets in Africa — Buyout firm Abraaj Group is seeking a valuation of as much as $300 million for a group of hospitals it plans to list on the Egyptian stock exchange, according to two people familiar with the matter. An initial public offering for Cleopatra Hospital Co., which includes four private hospitals in the North African country, may take place as soon as this month, the people said, asking not to be identified…

Private Equity | Private Equity Firms Bid Up Africa M&A Prices on Record Funds

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LAGOS, Nigeria, Capital Markets in Africa — The prices private equity firms pay for stakes in African companies are the highest in six years, driven by record fundraising and competition for the continent’s expanding middle class. The median price for buyouts in 2015 increased to more than seven times the ratio of a company’s value to its earnings before interest, depreciation, tax and amortization, compared with 5.4 times in 2012, Cape Town-based RisCura Solutions (Pty) Ltd. said…

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