Private Equity |

Africa Private Equity Group raises US$1.4 billion for the African continent

Dubai, UAE Capital Markets in Africa: The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced the final close of its second dedicated North Africa private equity Fund at US$ 375 million. The new Fund brings the total amount closed by Abraaj for the African continent in 2015 to US$ 1.37 billion, having raised US$ 990 million in April for its third Sub-Saharan Africa Fund. Abraaj North Africa…

Cauris Management sells stake in Eau Technologie Environnement

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Cotonou, Benin, Capital Markets in Africa — Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund manager, confirmed the sale of its stake in Eau Technologie Environnement (ETE) to the Moroccan company “Les Eaux Minérales d’Oulmès” (LEMO). The investment was made in 2007 and the exit represented 3.4x the fund’s initial investment. ETE is a Beninese company bottling and distributing mineral water under the brand name of FIFA Ste…

Nigeria: Helios and Vitol acquire equity stake in Oando’s downstream businesses

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LAGOS, Nigeria (Capitla Markets in Africa) — A consortium comprising Helios Investment Partners (“Helios”, acting on behalf of funds it advises) and The Vitol Group (“Vitol”) (together, the “Consortium”) today announced it has reached an agreement to acquire 60 per cent of the economic rights and 51 per cent of the voting rights in the West African downstream business of Oando Plc, an integrated oil and gas company headquartered in Nigeria, for a sum of…

Buyout Firm Vital Plans $500 Million Africa Fund as Demand Booms

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Accra, Ghana (Capital Markets in Africa) — Private Equity firm Vital Capital Investments LP is planning a $500 million investment fund that will focus on African industries overlooked by competitors. Vital Capital Fund II is weighing opportunities in Mozambique, Tanzania, Rwanda, Angola, Ethiopia, Uganda, Cameroon, Ghana and the Ivory Coast, managing partner Eytan Stibbe said in an interview with Bloomberg Brief Sub-Saharan Africa. The firm’s second Africa-focused fund will make as many as 20 investments…

South African hedge funds show strength and maturity in 2015

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Johannesburg, South Africa (Capital Markets in Africa) — Over the last 12 months, the South African hedge fund industry has gone from strength to strength and there is growth in almost all areas. Preqin’s Hedge Fund Analyst online service shows that since June 2014, the number of South Africa-based funds has increased from 104 to 124, while the total assets managed by South Africa-based hedge funds has increased from just over ZAR41bn to around ZAR66bn….

Former Nigerian Central Bank Governor Joins Blackstone Africa Fund

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Abuja, Nigeria (Capital Markets in Africa) — Blackstone and Black Rhino, the giant private-equity firm, has revealed on Thursday, the appointment of Lamido Sanusi, Emir of Kano and Former Governor of the Nigerian Central Bank, as Chairman of the Board of Directors. Black Rhino was formed in January 2012 to develop and to invest in transformational infrastructure projects in Sub-Saharan Africa’s power generation and fuel transportation sectors. “We are pleased that Emir Sanusi has agreed…

IFC is injecting $20 million in equity into Agrivision Africa

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Lagos, Nigeria (Capital Markets in Africa) —The IFC is injecting $20 million in equity into Agrivision Africa to help finance its expansion program in Zambia bia investments in supply chain optimization, development of irrigated land and to restructure its balance sheet to the appropriate gearing level. Established in Mauritius, Agrivision focuses on large scale commercial farming through three subsidiaries in Zambia, twp of which are farms growing maize, soya beans and wheat while the third is…

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