Private Equity

JOHANNESBURG (Capital Markets in Africa) – Interpreting the changes that take place in private equity (PE) prices over time isn’t straightforward as many of the drivers are unobservable. But there are some noticeable shifts in the marketplace that prove how PE is performing, says Heleen Goussard, head of Alternative Investment Services at global investment firm RisCura. Their latest Bright Africa Private Equity research focuses on the PE ecosystem in 2021 including a look at fundraising, dry powder,…

LAGOS (Capital Markets in Africa) – Helios Investment Partners LLP is in talks with African telecom operators and banks about ways the private-equity firm can help them cash in on their mobile-money and digital-payments platforms. Africa’s largest wireless carriers, including MTN Group Ltd. and Airtel Africa Plc, are among companies exploring how to unlock value from their multi-billion dollar fintech operations. Johannesburg-based MTN is looking to finalize plans to spin off the lucrative unit by the end of March, while…

LAGOS (Capital Markets in Africa) – Nigerian pension funds have grown exponentially in both size and value in recent years and have a significant role to play in the sustainability and development of local capital markets. As Nigeria’s private equity landscape continues to evolve, more emphasis is being placed on how best to invest in this unique landscape where tremendous growth opportunities are intertwined with a fair amount of macroeconomic uncertainty. Although pension funds acknowledge…

LAGOS (Capital Markets in Africa) – Metro Africa Xpress Inc., a Nigerian transport startup, has raised $31 million to expand its operations and deploy electric vehicles and charging infrastructure across Africa.   The capital raise was led by Lightrock and Global Ventures, a UAE-based international venture capital firm. Max, as the startup is known, plans to expand to Egypt and Ghana in early 2022 before moving to other parts of the continent.  “It is another…

LAGOS (Capital Markets in Africa) – Moove, a mobility fintech startup, has raised $23 million to provide financing to Uber Technologies Inc. drivers to buy cars across the sub-Saharan Africa region. The funding round, which takes the total capital of Moove to $68.2 million, was led by Speedinvest and U.S.-based Left Lane Capital, with the participation of its existing investor, Emso Asset Management. The company uses data on ride-hailing platforms, such as earnings and performance,…

Family offices, high net worth individuals and wealthy families are increasingly considering private fund structures to hold their investments. While ‘standard’ investment structures like hedge or private equity funds can be ideal for some investors, some HNW investors are looking for options with more flexibility. There are several reasons why a private fund provides an attractive way to hold assets. A private fund can be used for a variety of reasons. It can be a…

LAGOS (Capital Markets in Africa) – New sustainability roadmap defines ambitious sustainability targets; group decides on “Science Based Targets” and aims to reduce greenhouse gas emissions in line with the Paris Climate Agreement; to this end, the Group will invest EUR 7 billion in climate-neutral logistics by 2030; by 2030, 80,000 e-vehicles shall be deployed for last-mile deliveries, resulting in 60% electrification of the fleet; management Board compensation to be linked to new sustainability roadmap;…