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 > Private Equity > PE Industry News

DOB Equity launches Nairobi office

Africa Global Funds
March 7, 2018, 4:27 p.m.

Word count: 449

DOB Equity, a Dutch family-backed impact investor, has opened an office in Westlands, Nairobi, where leading investors and business representatives gathered to discuss entrepreneurship in East Africa. 

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DOB Equity, a Dutch family-backed impact investor, has opened an office in Westlands, Nairobi, where leading investors and business representatives gathered to discuss entrepreneurship in East Africa. 

DOB Equity, which has exclusively invested in East Africa since 2010 and has tripled its investment portfolio over the last three years, organized a seminar around the next generation of local and international entrepreneurs that are building new businesses in the East African region.

In combination with the knowledge gained for scaling startups and small and medium sized enterprises in the region, DOB Equity sees the opportunity to further increase its growth targets and to build a successful investment portfolio that is well diversified across the region.

DOB Equity believes strongly in having a local footprint.

With its strong market presence and expansion of the portfolio management team, DOB Equity has proven to be able to select and intensively support companies post-investment, providing truly hands on support and opportunities for companies to scale and build a solid and financially sustainable future.

Brigit van Dijk – van de Reijt, CEO of DOB Equity, said: “The entrepreneurial landscape in East Africa is rapidly changing, with entrepreneurs coming from different places around the world, leading to the acceleration of growth in sectors such as agribusiness, infrastructure, energy and services.  DOB’s local presence and team of seasoned investment managers is of great value to the support of this new breed of entrepreneurship. It is essential to be close to the market and work actively with these entrepreneurs post investment.”

Saskia van der Mast, Investment Manager, added: “DOB Equity provides patient capital, with long-term investment horizons, if need be. We are therefore well suited to support our partners as they navigate challenges to reach scale in each of their markets.”

In 2017 alone, DOB added new and follow on investments in Africa Logistic Partners, a warehouse developer and manager, building its first international standard warehouses just North of Nairobi, and premium dairy company Tanga Fresh in Tanzania, tea processor Prothem in Burundi.

DOB was the lead investor in the recently closed round for Sendy, an online market place for delivery services in Kenya aiming for rapid expansion in Kenya.

DOB has successfully exited from various companies, including a leading maize trading company in Uganda, representing one of the few successful Management Buy Outs in the Ugandan capital market.

Jean Pierre Sweerts, Chairman of DOB Equity, said: “Financially sustainable companies are best placed to provide impact to the society to the largest extent possible. East Africa is a hub for innovative business concepts by both local and international entrepreneurs. Providing a platform for these initiatives will help strengthen the private sector and boost the regional economy.” 

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