Fund Raising |

Mediterrania Capital Partners announces the first closing of Mediterrania Capital III LP at €103 million

Barcelona/Malta. Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan countries, announces the first closing of its third capital growth fund, Mediterrania Capital III LP, at €103 million. Mediterrania Capital III (MC III) provides growth capital to generalist small- and medium-cap companies based in North African and Sub-Sahara African countries including Morocco, Algeria, Tunisia, Egypt, Senegal, Côte d’Ivoire and Cameroon. The fund will be investing €10-30…

Fairfax Financial Holdings to Raise $500 Million for Africa Fund

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LAGOS (Capital Markets in Africa) – Prem Watsa’s Fairfax Financial Holdings Limited is expected to raise about $500 million for its new African investment fund, attracting less than its original goal as investor interest in the region proved weaker than anticipated, according to people familiar with the matter. The Toronto-based insurer sought to raise as much as $1 billion at $10 a share for Fairfax Africa Holdings Corp. in an initial public offering on the Toronto Stock Exchange, according…

Stefanutti to Raise $74 Million for Black-Owned Coal Miners

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JOHANNESBURG (Capital Markets in Africa) – Stefanutti Stocks Holdings Ltd., a South African construction firm, plans to raise a 1 billion-rand ($74 million) fund to invest in coal mining operators majority-owned by black investors. The building company is working in partnership with Africa-focused investment group Jaltech Financial Consultants to set up the JSS Empowerment Mining Fund and source the necessary capital from wealthy individuals, according to JSS money manager Gaurav Nair. Participants will receive a tax benefit on…

Private equity in Africa loses its shine

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JOHANNESBURG, Capital Markets in Africa: Major private equity firms have seen a number of top management departures in Africa, individuals familiar with the matter said, as the funds grapple with investments hurt by a weak economy. U.S. firm Carlyle, Standard Chartered and emerging market-focused Actis have all seen a change of top executives at their Africa funds, according to these six individuals. Once seen as a beacon of growth, private equity firms expanded their business…

Fund Raising | ACA closes US$570mn private equity fund

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LAGOS, Capital Markets in Africa: African Capital Alliance (ACA) today announced that it has raised a total of approximately US$570mn of committed capital for its fourth private equity fund, Capital Alliance Private Equity IV Limited (“CAPE IV” or the “Fund”). As a result, ACA has become the first West Africa-focused fund manager to raise over US$1bn in aggregate capital commitments, since its formation in 1997. Over its nineteen-year history, ACA has built a strong and…

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

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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,…

Synergy Capital Private Equity Fund closes at US$00 million

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Lagos, Nigeria, Capital Markets in Africa — Synergy Private Equity Fund I (SPEF) LP is pleased to announce the final close of its fund. The fund closed above its initial hard cap of $100m on September 9, 2015 ahead of the first anniversary of its first close, which was on September 12, 2014. Fundraising for SPEF, a Mauritius domiciled fund focused on mid- sized investments in high growth sectors in Nigeria and Ghana commenced in…