The Inaugural Private Equity in Southern Africa Conference-Johannesburg

Approximately 300 delegates convened at the inaugural Private Equity in Southern Africa conference held in Johannesburg, South Africa on 1 February 2012. The leadership summit, hosted by EMPEA, FT Business, and the South African Venture Capital and Private Equity Association (SAVCA), drew senior fund managers and institutional investors from… Read More

Legal & Regulatory Bulletin – Issue No. 5, Winter 2012

We are pleased to present the fifth issue of the Bulletin, marking a milestone for both this publication and the EMPEA Legal and Regulatory Council as we enter our second year. As investors and regulators grapple with how to balance a new appreciation for risk with the requirement to… Read More

Regulation of Private Equity in West Africa – Emerging Trends

In contrast to India and Mexico, where there have been serious efforts to introduce regulations specific to private equity, in the Western African jurisdictions surveyed here by Udo Udoma & Belo-Osagie and Norton Rose Africa Legal, with the possible exception of Nigeria, the adequacy of existing frameworks varies widely… Read More

2011 Private Equity in Africa Leadership Summit-London

More than 300 delegates came together for the 2011 Private Equity in Africa Leadership Summit to discuss the investment thesis for Africa. With a theme of the time is now for PE investment in Africa, discussions focused on operational challenges, performance and the diversification of the LP base. Read More

Impact Case Study: Newpack

I&P Management acquired 100% of Newpack in July 2008 through the first LBO involving Mauritius and Madagascar. Company Headquarters:  Madagascar Business focus:  Corrugated cardboard packaging for transformation industries Revenue:  US$10.4 million (FY 2010) impact highlights Newpack leveraged its sustainability achievements to attract new clients, including one of Madagascar’s… Read More

Impact Case Study: Umeme

Actis helped Umeme secure a US$25 million loan from IFC. Company Headquarters:  Uganda Business focus:  Distribution of electrical power Growth:  Since 2005, Umeme has added more than 100,000 new customers and currently connects over 50,000 new customers yearly impact highlights With support from Actis, Umeme has connected more… Read More

Impact Case Study: Banro

Cordiant Capital invested in Banro via a US$13 million PIPE transaction. Company Headquarters:  Democratic Republic of the Congo Business focus:  Gold exploration and development Revenue:  Stock market cap of US$900 million Employees:  Banro is one of the largest private employers in the region with 3,300 employees impact… Read More

Impact Case Study: Cogitel

TunInvest-AfricInvest Group invested US$19.5 million for a 31.2% stake in 2006. Company Headquarters:  Tunisia Business Focus:  Flexible Packaging Revenue:  US$33.3 million (2010) Employees:  209 Impact Highlights With support from TunInvest, Cogitel has grown from a family-owned SME with a highly fragmented equity structure into the core holding… Read More

Unlocking Africa Pension Capital for Private Equity

EMPEA recently participated in the West Africa Private Equity Roundtable, an event that brought together representatives from pension funds, insurance companies and regulatory bodies in Ghana and Nigeria with the goal of educating and, in the process, gaining a better understanding of the major constraints hindering local participation in… Read More

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