XSML Invests in Robusta Roasting Facility (Sub-Saharan Africa)

SME-focused private equity fund manager XSML has invested in Café Gbako, a coffee producer and retailer in the Central African Republic. XSML invested from its Central African SME Fund, which is targeting US$25 million in capital commitments. Café Gbako produces and exports Robusta coffee, and plans to use the… Read More

Shanduka Buys US$335 Million Stake in MTN Nigeria Unit (Sub-Saharan Africa)

South African investment holding company Shanduka Group has purchased a US$335 million minority stake in a Nigerian telecommunications company, MTN Nigeria, from three private investors including West Africa-focused private equity firm African Capital Alliance. Shanduka purchased the stake through its Shanduka Telecommunication (Mauritius) subsidiary. Additional details of… Read More

Venture Partners Botswana Exits Transport Holdings (Sub-Saharan Africa)

Venture Partners Botswana (VPB), a private equity and venture capital firm focused on Southern Africa, has exited from its investment in Botswana-based transportation and logistics company Transport Holdings. VPB invested in Transport Holdings in 2006 alongside South African conglomerate Imperial Group Holdings and earned a 10x cash-on-cash return multiple… Read More

Legal & Regulatory Bulletin – Issue No. 7, Autumn 2012

letter from the chairman This issue of the Legal and Regulatory Bulletin follows on a full week of very well attended and highly engaging EMPEA summits in London in late October. The topic of risk figured prominently during many of the sessions, with commentary ranging from tactical suggestions for identifying… Read More

Africa: Maximizing Investment Opportunities While Minimizing Risk

African markets, boasting 10 of the top 20 fastest growing economies in the world and five of the world’s top 10 reformers in 2012 according to the World Bank’s Doing Business rankings, hold exceptional promise for private equity investors. However, the lack of transparency and underdeveloped legal systems and… Read More

The Pembani Remgro Infrastructure Fund, The Carlyle Group and Standard Chartered Private Equity Invest US$210 Million in Export Trading Group (Sub-Saharan Africa)

The Carlyle Group and African infrastructure investor The Pembani Remgro Infrastructure Fund have invested US$210 million into Tanzania-based Export Trading Group (ETG), along with existing investor Standard Chartered Private Equity, the private equity arm of Standard Chartered Bank. ETG manages a vertically integrated agricultural supply chain operation in Africa,… Read More

DEG Invests into Ethiopia-focused Fund (Sub-Saharan Africa)

German development finance institution DEG has committed US$10 million to an Ethiopia-focused private equity fund managed by pan-emerging markets private equity investor Schulze Global. The Schulze Global Ethiopia Growth and Transformation Fund I is targeting US$100 million in commitments and seeks to invest in small- and medium-sized enterprises in… Read More

Successful IPO for Actis in Uganda (Sub-Saharan Africa)

Ugandan electrical distribution company Umeme, a portfolio company of pan-emerging markets private equity investor Actis, has raised US$66 million through an initial public offering of 38 percent of the company’s total shares. Actis, which acquired 100 percent of Umeme in 2005, retains a post-IPO stake of 60… Read More

Impact Case Study: Liberty Star Consumer Holdings (Libstar)

Metier co-founded Libstar in 2005 and has since acquired controlling stakes in more than 20 South African business in the fast-moving consumer goods (FMCG) manufacturing and distribution sector. Company Headquarters: South Africa Business focus: Fast-moving consumer goods Revenue: ZAR3.5 billion Impact Highlights Since 2006, Libstar has provided more than 20 manufacturing… Read More



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