The impact of new merger regulations enforced by the Competition Commission (CCC) of the Common Market for Eastern and Southern Africa (COMESA) must be considered by PE investors eyeing potential deals in the COMESA countries of Burundi, Comoros, the Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar,… Read More
Pan-emerging markets private equity firm Actis and development finance institution CDC Group have completed the sale of Actis DB Holdings, a company that holds shares in Nigeria-based financial institution Diamond Bank, to investment company Kunoch Holdings. Actis DB Holdings currently holds 14.8 percent of the issued share capital of Diamond… Read More
According to EMPEA’s 1H 2014 industry statistics released last week, private equity (“PE”) fundraising and investment activity for emerging markets (“EM”) were off to a strong start in the first half of 2014. Fund managers raised US$20 billion and invested US$14 billion in 1H 2014, corresponding to a 48% and… Read More
Africa-focused oil and gas exploration company Impact Oil & Gas has raised a total of US$55 million through a private placement of new shares to both new and existing investors. The bulk of the placement, a total of US$50 million, was raised from two new investors: private equity firm Helios… Read More
Scott Mackin is a Managing Partner and Co-President of Denham Capital, where he heads the firm’s Power team. Denham is an energy- and commodities-focused private investment firm with more than US$7.9 billion in invested and committed funds in the oil and gas, power and mining industries. Scott also serves as… Read More
Global growth markets investor The Abraaj Group has exited its investment in Angola-based Fibrex, a manufacturer of plastic pipe products used in the construction industry. The Abraaj Group originally invested in the company in 2007. Separately, The Abraaj Group has exited its investment in Peru-based women’s accessories retailer Iasacorp, selling… Read More
Africa-focused investment group African Frontier Capital has exited its stake in Uganda-based power generator Electro-Maxx. The company owns and operates two heavy fuel oil power plants in Tororo, Uganda, totaling 90 megawatts of installed capacity. Financial details of the transaction were not disclosed. Read More
Global investment and advisory firm The Blackstone Group has announced that Black Rhino, a South Africa- and Senegal-based infrastructure development company backed by Blackstone Energy Partners and affiliated funds, will partner with West African industrial conglomerate Dangote Industries to jointly invest up to US$5 billion over the next five… Read More
Pan-emerging markets private equity firm Actis has sold a 6.7 percent stake in Uganda-based electricity distribution company Umeme to Ugandan retail investors and Umeme management and directors for US$13 million. This is the second part of a two-part transaction in which Actis has sold a total of a 45.7… Read More
Private equity fund manager Kibo Capital Partners has reached a first close on its second fund, The Kibo Fund II, with US$50 million in capital commitments. Investors included development finance institutions, pension funds, family offices and other institutional and commercial investors. The Kibo Fund II will make growth capital… Read More
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