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
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 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
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
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
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
Catalyst Principal Partners, an East Africa-focused private equity firm, has secured US$125 million in commitments for its first private equity fund. Catalyst Fund 1, which was targeting US$100 million in commitments, will invest in the consumer goods, retail, technology, services, manufacturing and engineering sectors in Kenya, Uganda,… Read More
Africa-focused private equity group Databank Agrifund Manager Limited (DAFML) has invested in Cameroonian commercial farm West End Farms (WEF) through the AAF SME Fund. AAF SME Fund, a sub-fund of the African Agribusiness Fund (AAF) managed by private equity firm Phatisa, is focused on African food production… Read More
This is Africa's Lanre Akinola spoke with Jen Choi, Vice President of Industry and External Affairs at EMPEA, at the Private Equity in Africa 2012 Leadership Summit. Read More
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