Medu Capital in Two South African Bookstore Deals (Sub-Saharan Africa)

Medu Capital has partnered with former Exclusive Books chief executive officer Benjamin Trisk and private investor Marke Barnes to buy two entities, South Africa-based book retailer Exclusive Books and academic book distributer Van Schaik Bookstores, from South Africa’s Times Media Group (TMG). The consortium will pay ZAR325 million (approximately… Read More

Impact Case Study: Express Life Insurance Company Ltd.

In May 2013, Leapfrog invested US$5.5 million in Express Life Insurance Company Ltd. for a majority stake in the company. Company Headquarters: Ghana Business focus: Insurance and savings for emerging consumers Impact Highlights With LeapFrog’s support, Express Life increased value to the customer and shareholder by creating new partnerships, products… Read More

Pearl Capital Partners and Voxtra Invest in Ugandan Poultry Company Biyinzika Enterprises (Sub-Saharan Africa)

Pearl Capital Partners (PCP), an East Africa-focused agriculture investment firm, and philanthropic foundation Voxtra have completed a joint investment in Uganda-based poultry company Biyinzika Enterprises. The transaction was structured through PCP’s African Agricultural Capital Fund and the Voxtra East Africa Agribusiness Fund. Biyinzika produces day-old chicks for small-scale and… Read More

Vantage’s Fund II Provides ZAR90 Million in Mezzanine Debt Funding for the Acquisition of Reatile Timrite (Sub-Saharan Africa)

Vantage Risk Capital, a subsidiary of private equity fund manager Vantage Capital Group, has provided ZAR90 million (approximately US$8.7 million) in mezzanine debt funding for the 100 percent acquisition of Reatile Timrite (Timrite), a South Africa-based supplier of mining support products, by African investment management firm Thebe Investment Corporation… Read More

Legal & Regulatory Bulletin – Issue No. 9, Summer 2013

At its May meeting in Washington, EMPEA’s Legal and Regulatory Council discussed the regulatory changes facing the private equity industry and the likely impact of those changes on the membership of EMPEA. The Council concluded that some of the changes, such as the European Alternative Investment Fund Managers Directive (AIFMD),… Read More

The Legal Challenges of Private Equity Deal Making in Africa

Private equity is a longstanding component of Africa’s economic landscape. However, strong growth, an expanding middle class, and a global trend that is seeing more investors seeking growth from a broader and more varied range of markets is driving an increased interest in the region. In 2007, Sub-Saharan Africa… Read More

Actis Buys African Payments Business for US$95 Million (Sub-Saharan Africa)

Pan-emerging markets private equity firm Actis will acquire a 100 percent stake in Paycorp, a South Africa-based payments business, together with the company’s management team for US$95 million. Actis and the management will purchase the stake from financial services group Transaction Capital, which bought the company in 2006. Paycorp… Read More

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