Thursday, April 18, 2019 UTC

AGF Magazine - March 2019 issue

  • We focus on fixed income opportunities in both public and private markets. Read on to find in which fixed income instruments and in which African markets to invest on pp. 10-11. In addition, Ashley Benatar of Ashburton Investments shares his views on benefits and risks of investing in mezzanine debt on p.22.
  • We speak with Jérémie Ceyrac, Head of Equity, Responsible Investments at Proparco to learn more about the French development institution, financial products on offer, recent investments in Africa and African impact investment scene (pp. 13-15).
  • This month’s market feature focuses on Nigeria. Sven Richter, Fund Manager, Drakens Capital, writes about his recent trip to the West African country and his observations. “While Nigeria is attractive as an investment destination, the GDP growth is a disappointment for a county that we expect to be one of the leaders in Africa,” he says (pp. 16-17).
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News > People Moves

Phatisa hires new CIO

Anna Lyudvig
Nov. 21, 2018, 3 p.m.

Word count: 363

Phatisa, a sector-specific African private equity fund manager, has announced the appointment of Eugene Stals as the firm’s new Chief Investment Officer.

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Phatisa, a sector-specific African private equity fund manager, has announced the appointment of Eugene Stals as the firm’s new Chief Investment Officer.

Stals will lead Phatisa’s food-focused regional deal teams, fund investment strategies and assist in identifying value-creation opportunities.

Commenting on his appointment, Stals said: “I am excited to be joining the Phatisa team. Simply put, I like their approach and the balance they strike between making superior returns for investors, while impacting the communities bordering its investment portfolio companies and beyond.” 

“I believe Phatisa’s track record and approach is unique on the continent and it’s something I want to be a part of and help grow,” he added.

With almost three decades of investment experience, Stals is widely recognised as a doyen of private equity on the continent. 

In the early 90s, he played a pioneering role in the establishment of the South African industry as a senior partner at Ethos, where he was part of a small team that grew the business from a small captive, to South Africa’s leading independent third-party fund manager. 

During this time, Stals led over 12 investments and was instrumental in the formation of Ethos following the First National Bank and Rand Merchant Bank merger and in the introduction of black economic empowerment to the business. 

In all he spent 18 years in executive, board and investment committee capacities at Ethos.

Following a move to Australia, he established his own consulting business, providing strategic advice to family offices and business at large. 

Stals was also the head of Bravura Capital’s Australian operations, representing them in their investment in a small Argentinean mining exploration company, and has since held strategic and operational leadership roles with a family-owned commercial services business in Queensland, Australia.

Valentine Chitalu, Chairman of Phatisa, said: ‘We are pleased that – following Eugene’s decision to return to the continent – he identified with and shared Phatisa’s vision: feeding and housing Africa. Eugene is highly respected for his local private equity experience, leadership approach and strategic insights. This is an exciting time for our firm and we wish him well on this new journey.”

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