Albert Alsina, CEO and Group Managing Partner, Mediterrania Capital Partners: In order to prepare for a successful exit, we always begin to discuss the exit before the investment is executed to ensure there is full alignment of interest with the company shareholders early on and avoid future surprises. At that time, the PE firm should always provide the partner company with a comprehensive analysis including advantages and disadvantages of potential exit routes such as an IPO, Secondary Sale, Trade Sale, MBO with financing, etc. During these initial discussions, the PE firm and the company shareholders should choose one or two options to focus on and begin to consider the most appropriate timing and process.
South African private equity (PE) and venture capital (VC) activity is improving after Covid-induced uncertainty, with industry players reporting an increase in transactions. Some notable trends have emerged and are expected to accelerate into the remainder of 2022, writes Tanya van Lill, CEO of the South African Venture Capital Association (SAVCA).
Shafeeq Abrahams, Chief Executive and Principal Officer at the the Eskom Pension and Provident Fund (EPPF) tells Africa Global Funds about the recently launched SME Debt Fund, investment strategy and trends around pension funds investing in Africa.
Bronwyn Knight, CEO of Grit Real Estate Income Group, tells AGF about real estate investment opportunities in Africa, trends, the company’s approach to investing and challenges
Angola raised $1.75bn in overseas markets this month following three other Eurobond issues in 2015, 2018 and 2019. The government said that $750m of the proceeds from this debt sale will be used to buyback existing Eurobonds due in 2025 and 2028 and the remainder to finance its budget.
The South African hedge fund industry ended 2021 with assets under management of R86.93bn, according to Association for Savings and Investment South Africa (ASISA).
Despite the ongoing health and economic impact of Covid-19 worldwide, PwC’s annual Africa Capital Markets Watch report shows that African markets have continued with a modest recovery through 2021, reflected in higher values of non-local corporate, sovereign and supranational debt raised during the year. Average issuances were larger than the prior year, with 94 issuances valued at $47.5bn (2020: 81 issuances worth $28.5bn).
The Africa powerhouse
Africa Finance Corporation and Allianz Global Investors have deployed a loan structure that is drawing institutional investors to fund critical infrastructure in Africa, write Wola Asase, Head of Syndications and Mostafa Abdel Motaal, Associate Vice President in the Syndications team at Africa Finance Corporation.
Africa Global Funds’s Anna Lyudvig speaks with Chris Sickle, CEO of M&G Investments about his background, goals as the new CEO, South Africa as an investment destination and more. Sickle took over from previous CEO Bernard Fick in October, 2021 as Prudential Portfolio Managers rebranded.
Forex trading has long been an immensely popular means for traders and investors around the world to grow their wealth by taking advantage of currency fluctuations and market volatility.
The listed property/Real Estate Investment Trust (REITs) market has been tumultuous these past few years, with the onset of Covid-19 adding to the sector's challenges. For an extended time before that, listed property shares were the best performing asset class on the Johannesburg Stock Exchange (JSE), paying consistently high dividends and enjoying strong capital appreciation.