Emerging markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based Dalio, a car rental service provider that operates under the AVIS brand. Dalio intends to use the new financing for expansion plans in Kinshasa and Lubumbashi. Financial details of the transaction, which was structured… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has acquired a 39 percent stake in PetroIvoire, a Côte d’Ivoire-based distributor of oil and gas products. With the new financing, Petrolvoire intends to extend its reach in Côte d’Ivoire and take advantage of… Read More
South Africa-based Lereko Metier Capital Growth Fund (LMCGF), which focuses on mid-cap buyout and growth opportunities in Southern Africa, has acquired South Africa-based Institute of Marketing Management (IMM) Group. In partnership with Dutch development bank FMO and South African investment manager Ke Nako Capital, LMCGF has agreed to commit… Read More
The Abraaj Group, an investor operating in the growth markets of Asia, Africa, Latin America and the Middle East, has agreed to acquire a 100 percent stake in Ghana-based Fan Milk International (FMI), a manufacturer and distributor of frozen dairy products and juices in West Africa. FMI intends to… Read More
In early 2011, Kaizen Venture Partners consolidated three distressed coffee processing companies under one holding company. Company Headquarters: Rwanda Business focus: Coffee processing Revenue: US$4.1 million (2012) Impact Highlights KVP consolidated three distressed coffee processing companies, restructured their debt (enabling them to avoid bankruptcy) and provided working capital financing through… Read More
Global private equity firm Warburg Pincus has agreed to lead an investment of up to US$600 million in Delonex Energy, an energy exploration and production company focused on Central and East Africa. Warburg Pincus, which recently closed its eleventh fund on US$11.2 billion, will become the largest shareholder in… Read More
Emerging markets investment manager Capital International has invested US$195 million in Africa-focused telecommunications services company Eaton Towers. The transaction was structured through Capital International Private Equity Fund (CIPEF), and represents Eaton’s third round of funding. Capital International, which holds a majority stake in Eaton, previously invested US$150 million in… Read More
Emerging markets investment manager Capital International has invested US$195 million in Africa-focused telecommunications services company Eaton Towers. The transaction was structured through Capital International Private Equity Fund (CIPEF), and represents Eaton’s third round of funding. Capital International, which holds a majority stake in Eaton, previously invested US$150 million in… Read More
Emerging markets private equity investor Actis has sold the majority of its 60 percent stake in Ugandan bank DFCU to Norfund, a Norwegian development finance institution, and Rabo Development, a subsidiary of Dutch banking group Rabobank. Actis had been managing the 60 percent stake on behalf of its former… Read More
The majority of LPs (nearly 60%) expect the dollar value of their EM PE commitments to increase over the next two years. LPs continue to believe that private equity in emerging markets will outperform developed markets, with 61% of institutional investors anticipating net returns of 16% or more from their… Read More
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