Central Africa-focused private equity firm XSML has invested in two separate Democratic Republic of the Congo-based companies: Institut Aurora, a nursery, primary and secondary education provider, and B.I.S., a generic pharmaceutical manufacturer. The transactions were structured through XSML’s African Rivers Fund. Institut Aurora plans to use the new capital to… Read More
The Macro Picture: What Makes Power a Compelling Sector for Investment? The rise of emerging markets over the last two decades has had a transformative impact on the world economy. According to the International Monetary Fund, from 1995 to 2015, emerging markets’ aggregate GDP in purchasing power parity terms… Read More
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, has backed Opham, a Madagascar-based pharmaceutical products wholesaler. The transaction was structured through Adenia Capital III. Development finance institution FMO and a family office also participated in the round. Financial details of the… Read More
In the age of transparency, ESG reporting has evolved into a common practice for private equity practitioners in emerging markets, as evident by the shift in the dialogue around ESG. Instead of speculating over the value of ESG reporting, practitioners are instead engaging around strategies to enhance the quality and… Read More
Pan-African private equity firm 8 Miles has acquired a minority stake in Verde Beef Processing, an Ethiopia-based beef producer. With the new investment, the company plans to expand its base of 6,000 animals and build its own slaughterhouse and meat processing facility. Financial details of the transaction were not disclosed. Read More
Pan-African mezzanine fund manager Vantage Capital has provided a debenture facility of NAD80 million (approximately US$5.5 million) to Namibia-based hospitality and property company United Africa Group (UAG). The transaction was structured through Vantage Capital Fund III. UAG will use the funding to support its equity contribution to the construction of… Read More
The 12th annual edition of EMPEA’s Global Limited Partners Survey features the views of 107 limited partners (LPs) on the emerging markets private equity (EM PE) asset class. This study aims to provide the industry with a better understanding of how LPs’ strategies for investing are evolving; what challenges… Read More
Philanthropic investment firm Omidyar Network has led a seed financing round in Giraffe, a South Africa-based company that operates an automated mobile recruitment app matching businesses with medium-skilled jobseekers. Omidyar will support the expansion of Giraffe’s platform and reach within the country. Financial details of the transaction were not disclosed. Read More
Africa-focused investment management firm Convergence Partners and Stockdale Street—a firm representing the Oppenheimer family’s South African private equity portfolio—have acquired 100 percent of South Africa-based software-as-a-service platform e4. Convergence Partners structured its contribution through its Communications Infrastructure Fund. With support from the new investors, e4 plans to accelerate its growth… Read More
Pan-African mezzanine fund manager Vantage Capital has provided US$20 million of expansion funding to Nigeria-based property developer Landmark Africa. The transaction was structured through Vantage Capital Fund III. Landmark Africa has a portfolio of more than 130,000 square meters of mixed-use office, residential and leisure facilities and is currently building… Read More
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