Kaizen Venture Partners, a private equity investment firm focused on special situations investing in Africa, has signed an agreement with International Finance Corporation (IFC), the development finance arm of the World Bank Group. IFC has agreed to co-invest up to US$20 million with Kaizen in the acquisition of distressed… Read More
The Pan African Housing Fund (PAHF), a fund managed by private equity firm Phatisa, has held a first close at US$41.5 million. The fund, which is targeting US$100 million, raised the capital from European and African development finance institutions, including a US$20 million commitment from CDC Group of the… Read More
As 2012 came to a close, EMPEA reached out to a number of the industry’s leading practitioners to solicit their reflections on the year gone by, and to glean insights on the prospects for emerging markets private equity in the year ahead. The Global Firms’ Views Paul Fletcher, Senior Partner,… Read More
Download the full article here. Over the last few years, we have seen a significant drop in private equity capital flowing into emerging markets, with a greater percentage of this funding concentrating on a fewer number of larger funds active in a handful of core markets. Average… Read More
SME-focused private equity fund manager XSML has invested in Bamara Transports DJ, a road transport company in the Central African Republic, through its Central Africa SME Fund (CASF). The investment will enable Bamara to purchase two new trucks, two trailers and construct an 800 liter diesel fuel tank. Financial… Read More
The African Agriculture Fund (AAF), a private equity fund managed by Sub-Saharan Africa-focused firm Phatisa, has agreed to invest up to US$10.5 million in Feronia, a large-scale commercial farmland and plantation operator in the Democratic Republic of the Congo, through one of the fund’s subsidiaries. The subsidiary will invest… Read More
Fonds Cauris Croissance II, a private equity fund managed by West African fund manager Cauris Management, has agreed to invest XAF4 billion (approximately US$8 million) in Azalaï Hotels, a West African hotel chain. Headquartered in Mali, Azalaï operates six hotels in Benin, Burkina Faso, Guinea Bissau and Mali, and… Read More
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
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 (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
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