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
The findings of this Survey are based on data collected from 112 LPs from over 30 countries. Representing public and corporate pension funds, insurance companies, sovereign wealth funds, banks, asset managers, endowments, foundations, family offices, development finance institutions, multilateral organizations and funds of funds, these institutional investors collectively represent disclosed… Read More
East Africa-focused private equity firm Catalyst Principal Partners has acquired a 50 percent stake in Yes Brands Food and Beverage, an Ethiopian bottled mineral water manufacturer. The investment is intended to accelerate the growth of the business through enhanced operational capacity, deeper distribution and product innovation. Financial details of… Read More
East Africa-focused private equity and venture capital investor Fanisi Venture Capital Management has invested US$3 million in Rwandan agribusiness company ProDev Group Holdings. ProDev Group Holdings owns two subsidiaries: Mimex, a branded maize meal manufacturer, and ProDev Rwanda, which handles, dries and stores the maize. The financing is intended… Read More
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