Africa-focused health care impact investment firm Flint Atlantic Capital Partners and global health care venture capital firm Polaris Partners have invested in Rwanda-based dialysis and kidney care services provider Africa Healthcare Network. The company will use the funds for expansion in Rwanda and across the region. Financial details of the… Read More
The Fall 2016 Bulletin focuses on regulatory changes, which impact and will be of interest to practitioners in the emerging market private capital investment community. Of note are changes to ways in which private equity investment is regulated in Brazil, an overview of potential shareholder and director liability in troubled… Read More
by Chike Obianwu* and Modupe Dabiri,* Templars, Nigeria Recent news out of the Nigerian National Bureau of Statistics (NBS) has confirmed that, as of the end of the second quarter of 2016, the country had gone into recession for the first time in over twenty years. In a news conference… Read More
By Matthew Griffin, White & Case In the past, managers encountering issues realising value to investors within the terms of their funds were left with few options. The maturing of the secondary market increasingly provides managers with the opportunity to obtain capital to restructure and reorganise their funds and management… Read More
This brief draws upon engagement with the EMPEA Energy & Infrastructure Council. Members of the Council recognize both the importance and nuanced nature ESG issues have in infrastructure investing in emerging markets. This brief is designed to help articulate those nuances and help support practitioners understanding of ESG in the… Read More
Global growth markets investor The Abraaj Group has acquired a minority stake in Nigeria-based fertilizer manufacturer Indorama Fertilizers. With support from Abraaj, Indorama Fertilizers plans to develop its management team, build its network, expand capacity and diversify its product line. Financial details of the transaction were not disclosed. Read More
East Africa-focused private equity firm Catalyst Principal Partners has acquired a controlling stake in Tanzania-based pharmaceutical manufacturer Zenufa Laboratories. Established in 2005, Zenufa produces over-the-counter and prescription medicines for the Tanzanian market under brands including Zenadol, Zenkof, Zn-vital and Dr. Cold. Financial details of the transaction were not disclosed. Read More
Accion Venture Lab, the early-stage investment vehicle of financial inclusion-focused investor Accion, has led a financing round for South Africa-based online lending platform Lulalend. Impact investor Newid Capital and investment holding company Hallman Holding International Investment also participated in the round. Lulalend will use the new capital to expand its… Read More
Investec Asset Management’s African private equity arm has invested in Germany-based Mobisol, a provider of off-grid solar home systems in Africa. Development finance institutional DEG also participated in the transaction. Mobisol has installed more than 60,000 solar home systems in Tanzania and Rwanda and is entering the Kenyan market. Financial… Read More
West Africa-focused private equity fund manager Cauris Management has sold its stake in Côte d’Ivoire-based banking group Atlantic Business International (ABI) to Morocco-based credit institution Banque Centrale Populaire. Cauris originally invested in ABI through Cauris Croissance II and reportedly generated a 1.7x cash multiple at exit. Separately, Cauris has sold… Read More
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