Investments


Africa Capital Digest Week 36

We’re in the season of public holidays on several continents important to Africa’s private capital markets which probably accounts for the lack of volume in deal activity last week. Of the deals that were done, there were certainly a couple of worthy of note.
If you’ve been following the fortunes of Atlas Mara over the last couple [...]

Africa Capital Digest Week 35

Africa Capital Digest Week 35

African Rainbow Capital grabbed the headlines in Africa’s private capital markets last week by unveiling its plans to list some of its portfolio on the Johannesburg Stock Exchange in September. ARC Investments, as the listed entity will be known, will include almost half of ARC’s financial services assets and all of the firm’s non financial services [...]

Foreign investments for new projects in Africa rose by 40% in 2016

Foreign investments for new projects in Africa rose by 40% in 2016

Foreign capital for new investments in Africa soared by 40% in 2016 to $92.3 billion. This was disclosed by Financial Times in its 2017 report on investments in Africa. The document also indicates that the number of projects that received these funds decreased by 16% to 602.
According to Adrienne Klasa, author of the report, this trend [...]

Global PE firm Abraaj Group to raise new fund, according to SEC filings

Global PE firm Abraaj Group to raise new fund, according to SEC filings

Global private equity firm, Abraaj Group, plans to raise a new fund, but have not disclosed a target, according to SEC filings.
The buyout giant made its intentions clear after filing an application this morning, only months after AltAssets reported that the firm was targeting $8bn. It is not known whether it is the same vehicle, however.
The [...]

Africa Capital Digest Week 33

Africa Capital Digest Week 33

For the biggest private equity deal announced in Africa last week, we have Capitalworks to thank. The South African investor has agreed to buy listed poultry producer Sovereign Foods in an all-cash deal for R907 million or about $67 million.
The offer, which is subject to approval by the Competition Commission, represents an almost 19% premium on the stock’s [...]

Africa Capital Digest Weekly Review

Africa Capital Digest Weekly Review

Technology and venture capital deals were a major theme in Africa’s private capital markets last week.Throw in a couple of retail-related transactions and you pretty much have the week’s activity in a nutshell.
African Rainbow Capital has agreed to take a 20% stake in Rain, formerly known as Wireless Business Solutions until June this year. The South [...]

Venture capital for Africa révèle les clés de réussite des startups du Continent

Venture capital for Africa révèle les clés de réussite des startups du Continent

La dernière livraison de la plateforme de connexion et de levée de fonds, Venture Capital for Africa, apporte une donne encore ignorée dans les performances de la jeune entreprise en Afrique : sa réussite repose d’abord sur le potentiel et la solidité de ses fondateurs. Intitulée «2017 Venture Finance in Africa», l’étude fait le zoom sur [...]

Africa Capital Digest Week 30

Deals in Africa tended to be on the small size last week. The agribusiness and power sectors saw most of the activity, although there were a couple of financial services sector items of interest.
Sanlam Private Equity announced that it is acquiring a 60% interest in JAB Dried Fruit Products, a processor and distributor of dried fruits [...]

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, [...]