Vantage Risk Capital Commits US$30 Million to Genser (Sub-Saharan Africa)
Source: Vantage Capital
Vantage Risk Capital, the mezzanine investment arm of South African private equity firm Vantage Capital, has agreed to invest up to US$30 million in Ghanaian power producer Genser. Genser intends to use most of the initial funds to finance the completion of the Chirano power plant in western Ghana as well as a natural gas commercialization project. Vantage structured the transaction through its US$230 million Mezzanine Fund II.