Private Equity

LAGOS, Nigeria, Capital Markets in Africa — Buyout firm Abraaj Group is seeking a valuation of as much as $300 million for a group of hospitals it plans to list on the Egyptian stock exchange, according to two people familiar with the matter. An initial public offering for Cleopatra Hospital Co., which includes four private hospitals in the North African country, may take place as soon as this month, the people said, asking not to be identified…

LAGOS, Nigeria, Capital Markets in Africa — The prices private equity firms pay for stakes in African companies are the highest in six years, driven by record fundraising and competition for the continent’s expanding middle class. The median price for buyouts in 2015 increased to more than seven times the ratio of a company’s value to its earnings before interest, depreciation, tax and amortization, compared with 5.4 times in 2012, Cape Town-based RisCura Solutions (Pty) Ltd. said…

Cape Town, South Africa, Capital Markets in Africa -––  Despite the recent turmoil in which many African countries find themselves, global investors showed strong interest in investing in Africa’s real economy, as evidenced by the increase in private equity fund raising in 2015.  Total value of Africa PE funding, by year of final close*, was US$ 4.3billion. This is according to Bright Africa, the ongoing research endeavour from Africa investment specialists, RisCura. Click here to download…

LAGOS, Nigeria, Capital Markets in Africa — Emerging markets investor The Abraaj Group is trying to raise $400 million for a fund to invest in African health-care businesses, according to documents from an investor. Abraaj Growth Markets Health Fund Africa will invest alongside the Abraaj Growth Markets Health Fund, according to a report from the African Development Bank. The Dubai-based firm is trying to gather $1 billion for the latter and has closed on $500 million so far,…