Steadfast partnerships in African private equity often define the difference between success and failure, according to Ethos Private Equity.
IFC InfraVentures, an infrastructure project development fund, and Scatec Solar, an integrated independent power producer, will develop the $55m Scatec Segou solar power project in Mali with a local developer, Africa Power 1.
Private equity in South Africa remains an attractive asset class for pension funds and other institutional investors, Erika van der Merwe, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA), has said.
The Emerging Africa Infrastructure Fund (EAIF), GuarantCo and Frontier Africa Investment Resource (FAIR), all vehicles being subsidiaries of the Private Infrastructure Development Group (PIDG), have issued an invitation to tender for their management contracts.
The realisation market in the South African private equity industry has returned the highest amount of capital since 2011, according to the 2015 KPMG and SAVCA Venture Capital and Private Equity Industry Performance Survey.
Private equity firm KKR has been charged by the Securities and Exchange Commission (SEC) for misallocating more than $17m in so-called “broken deal” expenses to its flagship private equity funds in breach of its fiduciary duty.
Private equity teams in Africa are very much about close and trusted partnerships, Phatisa’s co-founder Stuart Bradley has said.
TPG Growth, a middle market and growth equity platform of TPG, and Satya Capital, an independent investment firm focused on providing long-term growth capital to African businesses, have partnered to focus on new investments in Africa.
Qalaa Holdings (formerly Citadel Capital) has released its consolidated financial results, for the period ending March, 31 2015, reporting revenues of $253.6m, up 42.5% from the same period last year.
TriLinc Global Impact Fund has approved Helios Investment Partners to act as its sub-advisor on term loan investment opportunities in Sub-Saharan Africa.
South Africa attracts more than half the continent’s PE transactional activity thanks to a combination of market size, ease of doing business and comparatively well-developed financial institutions and governance practices, Sean McPhee, partner at Deloitte’s Corporate Finance unit, has said.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has announced its 2015 Global Engagement Call for Proposals from fund managers seeking OPIC financing for private equity investment funds.
Private equity (PE) exits in Africa reached an eight-year high in 2014, and strong activity is expected to continue, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).
Morocco has emerged as the top investment destination for private equity in North Africa, attracting 51% of all deals and 43% of total capital invested in the sub-region between 2010 and 2014, according to a report by the Emerging Markets Private Equity Association (EMPEA).
