In the spirit of Spring, this Bulletin focuses on growth—in the diversity of fund structures available to investors; in positive reforms in West and Central Africa and in the regulation of European venture capital; and in support for fund managers when implementing environmental, social and governance (“ESG”) requirements throughout their… Read More
The Organisation pour l'Harmonisation en Afrique du Droit des Affaires (“OHADA”), which translates into English as the “Organisation for the Harmonization of Business Law in Africa” is an exclusively business-related legal framework that was created on 17 October 1993 in Port Louis, Mauritius. Initially established pursuant to a… Read More
South Korea Lowers Barriers for Retail Investors Source: Yonhap News Agency, AVCJ, Kim & Chang Legal Newsletter South Korea’s Financial Supervisory Commission will allow domestic retail investors to indirectly invest in private equity, thereby broadening access to the asset class for investors and growing the pool of capital available… Read More
Pan-emerging markets private equity firm Actis has established Credit Services Holdings (CSH), a buy-and-build credit services business, and plans to invest US$100 million in the platform. CSH’s first investment will be acquiring 100 percent of South Africa-based credit bureau Compuscan. The investment will take place alongside the Compuscan management… Read More
Global alternative asset manager The Carlyle Group has reached a final close on its Carlyle Sub-Saharan Africa Fund (CSSAF) with US$698 million in capital commitments, surpassing its initial target of US$500 million. CSSAF will focus on investment opportunities linked to the growth of the emerging middle class across Sub-Saharan… Read More
AfricInvest Group, a private equity firm focused on North and Sub-Saharan Africa, has announced the third and final close of its AfricInvest Financial Sector (AFS) fund with EUR61 million (approximately US$83 million) in capital commitments. New investors in the final close included German development bank KfW, Belgian Investment Company… Read More
Vital Capital Fund, an impact investing fund primarily focused on Sub-Saharan Africa, has invested up to US$9 million in the Uganda-based Tomosis Dairy Farms project in cooperation with local entrepreneur Odrek Rwabwogo of Tomosi’s Farm, a producer of dairy products. The investment objectives include improving yields for local farmers… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has held an interim close for its debut fund with US$250 million in capital commitments. The fund also has received a US$150 million line of credit from United States development finance institution Overseas Private… Read More
London-listed Atlas Mara Co-Nvest, whose strategy is to acquire and operate financial institutions in Africa, has reached an agreement to acquire a majority stake in Botswana-based ABC Holdings, parent company of banks operating under the BancABC brand. Atlas Mara has also entered into an agreement with German-listed pan-African banking… Read More
Pan-African private equity firm Helios Investment Partners has reached a first close on Helios Investors III, a Sub-Saharan Africa-focused fund, with US$355 million in capital commitments. Six institutional investors participated in the close. The fund is targeting US$1 billion, and a subsequent close is tentatively scheduled for late May,… Read More
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