LeapFrog Investments, an investor in financial services for emerging consumers in Africa and Asia, has taken a stake in Ghana-based pension trustee company Petra Trust. With this capital injection, Petra will invest in expanding its infrastructure to serve existing clients and in growing its market reach. Financial details of… Read More
AfricInvest Group, a private equity house focused on North and Sub-Saharan Africa, has invested a reported US$20 million in Nigeria-based oil and gas company Broron Oil & Gas. The transaction was structured through AfricInvest Fund II. Broron Oil & Gas provides offshore support to international oil companies in Nigeria… Read More
The Global Firms’ Views Koenraad Foulin, Co-Founder and Senior Managing Partner, Capital International Private Equity Funds For Capital Group, 2013 was a year to invest beyond the BRICs. Our 2011 fund, CIPEF VI, completed four new investments—three of which were in emerging markets outside the BRIC countries. We made our… Read More
Ghana-based Rancard, a provider of social recommendations technology for mobile content and services, has received a second round of investment led by investment management firm Peninsula Capital. Existing investors private equity fund manager Adlevo Capital and Intel Capital, Intel’s global investment and M&A organization, also participated in the round. Read More
Emerging Capital Partners (ECP), a private equity firm focused on growth capital investing in Africa, has exited its investment in Côte d’Ivoire-based mobile network operator MTN Côte d’Ivoire (MTNCI) through Planor Capital International, a special purpose vehicle established to hold a substantial equity stake in MTNCI. ECP, which initially… Read More
LeapFrog Investments, a specialist investor in emerging markets financial services, has exited Ghana-based insurance provider Express Life, selling its majority stake to financial services institution Prudential. LeapFrog originally invested US$5.5 million in the company in May 2012. Since then, Express Life, which provides savings and insurance products to emerging… Read More
South Africa-based Lereko Metier Sustainable Capital Fund, managed by black-owned investment company Lereko and private equity fund management business Metier, has reached a final close with ZAR690 million (approximately US$67 million) in capital commitments, exceeding initial targets. The fund received commitments from retirement fund Transnet Retirement Fund and development… Read More
South Africa-based Lereko Metier Sustainable Capital Fund, managed by black-owned investment company Lereko and private equity fund management business Metier, has reached a final close with ZAR690 million (approximately US$67 million) in capital commitments, exceeding initial targets. The fund received commitments from retirement fund Transnet Retirement Fund and development… Read More
Mezzanine-focused private equity fund manager Vantage Capital Group has launched a renewable energy debt fund, The Vantage GreenX Fund, with ZAR2.2 billion (approximately US$215 million) in capital commitments. Investors include a number of South African pension funds. The Vantage GreenX Fund will invest in the senior debt of projects… Read More
Africa-focused investment management firm Convergence Partners has reached a first close on Convergence Partners Communications Infrastructure Fund (CPCIF) with US$145 million in capital commitments. Investors include development finance institutions International Finance Corporation, European Investment Bank, Netherlands Development Finance Company, Development Bank of Southern Africa and CDC Group. CPCIF, which… Read More
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