Private Equity |

Actis launches $1.9bn pan-African renewable energy platform

Actis today announced the launch of a pan-African renewable energy generation platform, Lekela Power. Actis is investing alongside Mainstream Renewable Power, the global wind and solar developer, which will own the other 40% of the platform. Lekela Power is the eighth such energy platform Actis has created, following a proven replicable strategy of aggregating energy assets into scalable regional platforms. This focused approach was most recently demonstrated in the development of Ostro Energy, a renewable…

Runa Alam Considers Why Africa’s Opportunities Far Outweigh Its Risks

Posted on by The Editorial Team

Runa Alam is something of a private equity pioneer. Alam co-founded Development Partners International, which she calls the first pan-African firm, in 2007. London-based DPI’s clients now include the $9.3 billion Missouri State Employees’ Retirement System and International Finance Corp., the private sector development arm of the World Bank Group. In a region where private equity general partners complain about a paucity of exit opportunities, DPI has managed eight initial public offerings and six corporate…

Global Private Equity & Venture Capital Investment in 2014

Posted on by The Editorial Team

Private equity fundraising down 9% to $486bn in 2014Preliminary figures released by research provider Preqin indicate that global private equity fundraising reached $485.7bn in 2014, constituting a drop of 8.7% from $532bn in 2013. Prequin expects the fundraising figure for 2014 to increase by 10% to 20% as more information becomes available. On a quarterly basis, 253 private equity funds raised $110bn in the first quarter 2014, 276 funds secured $153bn in the second quarter,…

How To Get Private Equity Exits in Africa Right

Posted on by The Editorial Team

Private equity (PE) as an asset class has received reasonable prominence in Africa in recent times. New records are being set both at the levels of fund raising and sector diversity of investments. Africa is becoming increasingly investor-friendly. The attraction of PE to Africa is driven largely by many factors such as: the huge market size – Africa is home to over 1 billion people; relatively young population – about 60% are below 40 years…

AfricInvest exits stake UAP Holdings Kenya

Posted on by The Editorial Team

AfricInvest, a leading pan-African SME-focused private equity firm, is pleased to announce that its AfricInvest Fund II (“AFII”) and AfricInvest Financial Sector (“AFS”) Fund, along with two other investors, Aureos Africa Fund (managed by Abraaj) and Swedfund, entered into an agreement to sell their 37.3% collective stake in UAP Holdings Limited (“UAP”) to Old Mutual Holdings, a wholly-owned subsidiary of Old Mutual plc (“Old Mutual”) for KES 14.2 billion (approximately USD155.5 million). Old Mutual had…

Cenpower announces project financing for construction of IPP

Posted on by The Editorial Team

Following the fulfilment of the conditions precedent to its debt financing agreements, Cenpower Generation Company Limited (Cenpower) announced the financial close of the circa USD900 million project financing required for the construction and development of the Kpone Independent Power Project (KIPP) on 23 December 2014. KIPP is a 350MW combined cycle multi-fuel power station to be located near Tema, Ghana. Once construction is complete, it is expected to be the largest IPP in the country which will account…

Helios Fund III poised to close $1.1 billion

Posted on by The Editorial Team

London, United Kingdom, 12th January 2015: Helios Investment Partners (“Helios”), a leading pan-African private investment firm, today announced it has exceeded the $1 billion target set for its third Africa-focused fund and the firm will shortly be closing the fund at its $1.1 billion hard cap. Continued strong support from existing investors, who represent over 60% of the capital committed to Helios Investors III, L.P. (“Helios III”), coupled with commitments from other leading global institutional…

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