African Private Equity |

The Fundamental Role of Private Equity

LAGOS (Capital Markets in Africa) – Investments by private equity funds into companies hold great benefits besides the provision of capital. Private equity investments have a considerable impact in terms of productivity, skills development, job creation, and social impact, as it includes the transfer and exchange of know-how, access to a broader network, and not merely the flow of capital. Private equity fund managers play an active role in managing their investments in companies, with…

Carlyle-Backed Diamond Gets Cash Offer From Unnamed Investor

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LAGOS (Capital Markets in Africa) – Diamond Bank Plc has received an offer from a major investor to inject cash by increasing its stake, a move that would help the Nigerian lender keep its capital adequacy ratio above the required threshold, according to the outgoing chairman. The proposal was on condition that Chief Executive Officer Uzoma Dozieresigns, Seyi Bickersteth said in an interview in Lagos, the commercial capital, without naming the shareholder. Diamond’s biggest investor is U.S. private equity…

INTO AFRICA September 2018 Edition – Gauging 2018 African Outlook

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Welcome to the September 2018 edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. This edition reviews Africa’s economies in the first half of 2018 and its title: Gauging 2018 African Outlook. Africa is set to enjoy a modest growth uptick, and decisive policies are needed to both reduce vulnerabilities and raise medium-term growth prospects, according to the IMF. In parallel, the Brookings Institution projected the average growth in the region is to…

Mediclinic Drops Spire Takeover After Second Bid Is Rejected

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JOHANNESBURG (Capital Markets in Africa) – Mediclinic International Plc dropped plans to buy the rest of Spire Healthcare Group Plc after its own investors and the U.K. private hospital operator spurned a deal that would have valued the target company at about 1.27 billion pounds ($1.68 billion). The South African hospital operator said the two sides were unable to reach an agreement following a month of talks after its Oct. 18 proposal was rejected as too low. Mediclinic had made another bid…

XSML invests in Monishop, Congo-Kinshasa

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KINSHASA (Capital Markets in Africa) – XSML, the fund manager active in Central & East Africa, announced its investment in Monishop sarl (Monishop), a well-known supermarket in Kinshasa, DRC. Since inception Monishop has grown to become the leading supermarket in Kinshasa in terms of product offering and overall store experience, with bank, fast-food and pharmacy facilities on the same premises. The investment supports Monishop to build a new large supermarket in the center of Kinshasa. Monishop…

Amethis and Metier to invest in East African firm, Kenafric Industries

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Johannesburg (Capital Markets in Africa) – Private equity firms Amethis Finance and Metier have partnered to acquire a minority stake in Kenafric food industry. The three companies, Kenafric, Amethis and Metier have been working together on a promising acquisition. Mikul Shah, Chief Executive Director of Kenafric Industries said the firm has reached critical size and intends to expand into a regional packaged food enterprise, leveraging on its existing strengths to broaden its product range and…

Ethos-backed Twinsaver Group diversifies via acquisition of Validus Medical

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Johannesburg (Capital Markets in Africa) – The Twinsaver Group (Twinsaver), the manufacturer of branded tissue products in South Africa, today announced its acquisition of Validus Medical (Validus), a leading manufacturer of hygienic disposable products. The sale, which is subject to regulatory and Competition Commission approval, signals a new chapter in Twinsaver’s journey as it focuses on establishing the business as a diversified FMCG company. Speaking on the transaction, Garth Towell, CEO at The Twinsaver Group,…

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