As a result of the economic fallout precipitated by the Covid-19 crisis, the value of PE deals marginally declined to $3.3bn in 2020, from $3.8bn in 2019, according to the new AVCA report.
PE Industry News
FSD Africa partners with industry associations to support SMEs through Private Equity and Private Debt Programme
FSD Africa, a specialist development agency working to reduce poverty by strengthening financial markets across sub-Saharan Africa, has signed co-operation agreements with AVCA, EAVCA, SAVCA and PEVCA to coincide with the launch of the Africa Private Equity and Private Debt Programme.
Verod Capital Management has announced the completion of the merger between Tangerine Life Insurance, a Verod Capital partner company, and ARM Life.
The economic, social and commercial prospects for investing in the African technology sector looks promising, especially as the acceleration of technology adoption continues, according to Ian Lessem, Managing Partner at HAVAÍC.
In 2020, Africa recorded its highest level of project financing in a decade in terms of investment value with 28 deals, totalling $30.07bn, reaching financial close, according to Linklaters.
GroFin, a specialist, impact-driven SME financier, has become a signatory of the Operating Principles for Impact Management led by IFC.
Ethos Private Equity has announced an agreement with JSE and LSE-listed investment manager Ninety One, to take on an advisory contract for Ninety One’s Africa Private Equity funds, effective as at December 15, 2020.
Fairfax Africa and Helios Holdings have announced the completion of the strategic transaction signed on July 10, 2020.
Harith General Partners, one of Africa’s largest infrastructure-focused private equity fund managers, has announced that the $296m Zimbabwe Beitbridge border post complex BOT Public Private Partnership has reached financial close.
Development Partners International (DPI) through its ADP III fund, CDC Group, and the European Bank for Reconstruction and Development (EBRD) have joined forces to create a a new pan-African biopharmaceutical platform.
Mediterrania Capital Partners’ portfolio company Akdital Holding has opened a new oncology department providing diagnostic and treatment services at the Casablanca Ain Sbaâ private hospital in the Hay Mohammadi Ain Sbaâ prefecture.
DPI’s African Development Partners III Fund (ADP III) has been chosen as the first 2X Flagship Fund, committed to investing with a gender lens.
Mediterrania Capital Partners’ portfolio company Groupe Scolaire René Descartes (GSRD) has established a financial partnership with Banque Zitouna to support students’ families.
With the COVID-19 crisis hitting South Africa in March, the impact of the pandemic on the market and asset prices is evident in the first quarter performance for both public and private markets.