Archive for November 2017

AfricaCom 2017: Convergence Partners acquires stake in ESET Southern Africa

AfricaCom 2017: Convergence Partners acquires stake in ESET Southern Africa

At the annual AfricaCom conference in Cape Town, South Africa pan-African ICT investor, Convergence Partners and 4Di Group announced a recently concluded acquisition of a significant minority stake in ESET Southern Africa by Convergence Partners. ESET Southern Africa is the local distributor and brand operator for leading global internet and endpoint security software vendor ESET, [...]

Africa Capital Digest Week 46

Sector-wise, deal activity in Africa last week was all over the map. Consumer, Financial Services, Industrial, Mobile, Tech and others all saw some activity and they ranged in size.
We lead with Convergence Partners‘ deal for ESET Southern Africa. The ICT-focused private equity firm announced it is taking a significant minority stake in the software security provider on [...]

Saudi Arabia to become major actor in Africa’s private investment with its new sovereign fund

Saudi Arabia to become major actor in Africa’s private investment with its new sovereign fund

Two weeks ago, at the Riyadh Carlton Ritz, in Saudi Arabia, the country’s government regrouped many investment funds managers, as well as investors, many of whom have assets in Africa, to introduce them its sovereign fund.
Named Public Investment Fund (PIF), the entity intends to be one of the most important worldwide, with an estimated projected [...]