Investments


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 [...]

Africa Capital Digest Week 43

While there were no fundraising announcements in Africa last week, there were a few private equity deals. And a couple were in some of the more unusual sectors.  Throw in a trio of portfolio company-related deals, and you have the full range of transaction activity for the week.
Quantum Global  Alternative Investment Management announced the completion [...]

En plein bras de fer avec Uber, Alphabet injecte 1 milliard de dollars dans Lyft

En plein bras de fer avec Uber, Alphabet injecte 1 milliard de dollars dans Lyft

Lyft n’en finit plus de gagner du terrain aux États-Unis. Le rival d’Uber outre-Atlantique a levé 1 milliard de dollars auprès de Capital G, fonds d’investissement d’Alphabet, la maison-mère de Google. Dans le cadre de ce tour de table, David Lawee, associé de Capital G, rejoint le conseil d’administration de la société. Cette opération porte [...]

Des investisseurs constitués d’institutionnels et de banques financent le kényan M-Kopa Solar, à hauteur de 80 millions $

Des investisseurs constitués d'institutionnels et de banques financent le kényan M-Kopa Solar, à hauteur de 80 millions $

Des investisseurs constitués de banques et d’institutionnels ont accordé des financements à hauteur de 80 millions $, à M-Kopa Solar, une société kényane qui distribue de l’énergie électrique à la demande, via l’installation de kits solaires.
Une part de ce financement a été obtenue via un prêt syndiqué de 55 millions $ mobilisés autour de Stanbic Bank of [...]

AFRICA CAPITAL DIGEST Week 36

Generally, it was a much quieter week over the last seven days for Africa’s private capital markets compared to the prior week. But what it lacked in volume was compensated for by variety.
The biggest deal of the week was a PIPE transaction. Britam Holdings, the announced that AfricInvest was investing $55 million to acquire an approximate [...]

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 [...]