Knife Capital, a venture capital firm, has expanded into London after introducing UK-based Draper-Gain Investments as a strategic investor.
PE Industry News
The Housing Impact Fund South Africa (HIFSA), managed by Old Mutual Alternative Investments, contributed R6.4bn in new business sales which equates to R2.5bn in GDP to the South Africa economy in 2016.
The PRI has launched guidance on the incorporation of ESG provisions in private equity fund terms, the result of a year-long consultation with PRI signatories, expert counsel and industry associations.
Grotech, a Section 12J Venture Capital company in South Africa, has rebranded as Kalon Venture Partners.
Milost Global, an American private equity firm headquartered in New York, has announced the formation of a subsidiary company in Africa, Milost Bank Africa Limited (MBAL).
Actis, an investor in growth markets, has launched Honoris United Universities, the first African private higher education network bringing together the leading tertiary education institutions in North and Southern Africa.
Investisseurs & Partenaires (I&P) has developed a consulting activity aiming to improve the business environment and develop the entrepreneurial ecosystem in Africa.
South African private equity capital returns to investors increased by 123.2% in 2016 to R18.3bn, up from R8.2bn the previous years, according tp the SAVCA 2017 Private Equity Industry Survey.
The East African region is witnessing a change in momentum post 2016, where more East Africa based pension funds have begun to put money in local GPs, Eva Warigia, Executive Director of EAVCA, has said.
There appears to be a gradual, yet notable shift in the approach taken by both South African and global private equity fund managers towards fund structuring, according to the Southern African Venture Capital and Private Equity Association (SAVCA).
South Africa remains the continent’s leading foreign direct investment (FDI) destination, when measured by project numbers, which increased 6.9% year-on-year, according to EY’s Africa Attractiveness report.
The number of exits achieved by private equity firms in Africa is trending upwards, evidenced by a record number of exits in 2016.
In Africa, M&A activity has dropped since the last quarter results, but there are still massive opportunities for M&A investment on the continent, according to Baker McKenzie.
As Environmental Social and Governance (ESG) factors gain prominence in the international investment community, sustainable investing has also improved in Africa, according to a new research.