South Africa’s current market conditions and the compelling value offering of infrastructure assets will further encourage pension funds to consider allocation to this asset class, according to Mark van Wyk, Head of Unlisted Investments at Mergence Investment Managers.
PE Industry News
The Carlyle Group is working on a number of interesting opportunities for its African fund, according to Marlon Chigwende, Managing Director and Co-Head of the Carlyle Sub-Saharan Africa Fund.
Ethos Capital is looking to raise up to R2bn ($139.17m) through a private placement on the main board of the Johannesburg Stock Exchange (JSE) in August.
Alitheia Identity Managers (AIM) has partnered with Capria Ventures, a global impact investment firm that works with local fund managers to accelerate the flow of capital in emerging markets.
Lekela Power, a joint venture between Actis and global renewable energy developer Mainstream Renewable Power, has acquired co-development rights and sole rights to invest in the 158 MW Taiba Ndiaye Wind Project in Senegal.
Denham Capital, a global energy-focused private equity firm, and GreenWish Partners, a renewable energy investment company dedicated to sub-Saharan Africa, have partnered to develop, build and finance a portfolio of 600 megawatts (MW) of renewable energy assets across sub-Saharan Africa by 2020.
Despite the challenges that currently face South Africa, the private equity and venture capital industry remains confident in the depth and breadth of skill in the local investment industry, according to Erika van der Merwe, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA).
Hotel markets in Cairo and Cape Town have experienced strong performances over the past five years, according to figures from data and analytics specialist STR. Despite political turmoil, Cairo is starting to recover and the compound of annual growth rate (CAGR) for revenue per available room (RevPAR) was up 14.9% for the 2011 to 2015 time period.
Kipeto Energy has signed a 20-year Purchase Power Agreement (PPA) with Kenya Power (KPLC), representing a significant milestone for the development of the 100-megawatt (MW) wind power project in Kenya.
BUSINESS/PARTNERS, a risk financier for SMEs in South Africa and selected African countries, seeks to invest in excess of R1.2bn in SMEs during the 2016/2017 financial year.
The Mara Group, Atlas Merchant Capital and General Electric have announced an initiative to create a joint venture dedicated to investing in the highly underdeveloped African infrastructure sector.
Mediterrania Capital II cumulative portfolio sales have reached €195m, representing 18% year-on-year growth, according to Mediterrania Capital Partners's financial results.
As Nigeria’s currency plumbed new lows, the nation’s minister for investment, trade and industry rebuked those obsessing over the prospect of a devaluation.
Since January 2014, exchange rate movements have subtracted value from realized private equity investments in emerging markets of nearly 60% of respondents of the latest EMPEA survey, with several respondents estimating losses of $500m.