Investments


Africa Capital Digest Week 29

Africa Capital Digest Week 29

There were, for Africa, some big numbers flying about last week for private equity deals. Only one concerned a direct investment of capital, however, while the others related to deals that had been done or are about to be done.
Milost Global, a New York-based private equity firm with $25 billion in committed capital, agreed to [...]

Africa Capital Digest Week 28

Africa Capital Digest Week 28

This week, we’re starting with some interesting fund news. Yeelen Capitalannounced that has held a €30 million initial close for the Yeelen Financial Fund, a new private equity investment vehicle fund focused on opportunities in the financial services sector in the WAEMU region.

Yeelen was selected by the West African Development Bank earlier this year to raise, [...]

London reinforcing its grip on being the ‘tech capital’ of Europe as record amount of start-up investment flows in

London reinforcing its grip on being the 'tech capital' of Europe as record amount of start-up investment flows in

More than £1.1billion was handed to technology startups from January to June
UK companies received more investment than Germany and France combined
London has received more than twice as much funding as German capital Berlin

By CHARLIE MOORE FOR THISISMONEY.CO.UK
PUBLISHED: 10:52 BST, 5 July 2017 | UPDATED: 11:01 BST, 5 July 2017

Post Brexit vote London has reinforced its [...]

Africa Capital Digest Week 25

Dollar-wise, the two biggest private equity deals involving African assets last week involved exits-and they were companies that had operations in other regions in addition to their African businesses.
In the first, having sold a significant proportion of its stake in Rocket Internet in late February this year, Swedish investment firm Kinnevik AB sold its remaining 6.6% shareholding in the publicly-listed [...]

Africa Capital Digest Week 24

Dollar-wise, the two biggest private equity deals involving African assets last week involved exits-and they were companies that had operations in other regions in addition to their African businesses.
In the first, having sold a significant proportion of its stake in Rocket Internet in late February this year, Swedish investment firm Kinnevik AB sold its remaining 6.6% shareholding in the publicly-listed [...]

Africa Capital Digest Review Week 22

Last week was a quiet week for private capital investment activity in Africa. And, of the deal that were done, none were on the large side. In what we estimate to the the largest deal of the week, XSML Capital announced that it is backing KARE Distribution for its first Ugandan deal. Terms of the deal were [...]

SoftBank Leads $502 Million Investment in U.K. Tech Startup

SoftBank Leads $502 Million Investment in U.K. Tech Startup

SoftBank Group Corp. is leading a $502 million investment in Improbable Worlds Ltd., a London-based virtual reality startup, in one of the U.K.’s largest venture capital deals.
The valuation wasn’t disclosed. But SoftBank is buying a non-controlling stake, which would mean Improbable is worth at least $1.04 billion. The deal would rank as the fifth-largest U.K. venture [...]

Africa Capital Digest Week 21

Tech deals were the flavor of the week in Africa’s private capital investment world last week. There were three private equity transactions reported, for established companies and a startup.
Google, Convergence Partners, the IFC and Mitsui & Company are teaming up to commit up to $100 million to CSquared, a broadband infrastructure company building wholesale metro fibre optic networks [...]

Africa Capital Digest week 20

Africa Capital Digest week 20

Hopefully, small proves to be beautiful for the Africa-focused private equity investors making deals last week. Because, the common theme of the week was deals of the smaller variety. Not that they don’t have big plans. They do.
Fresh from holding a first close for its second fund in early April, Catalyst Principal Partners has completed the [...]

Africa Capital Digest Week 19

An exit and portfolio company deals were the main features of private equity activity in Africa last week. And not a fund raising announcement in sight, which, as you know, was unusual as far as 2017 is concerned.
First the exit; GetSmarter, a provider of online executive education courses, has been acquired by 2U for $103 million, handing [...]