Private Equity | Metier Capital Growth Fund II closed at ZAR2.5 billion …

Private Equity | Metier Capital Growth Fund II closed at ZAR2.5 billion …

South Africa, Capital Markets in Africa | Metier Capital Growth Fund II completed further closings to June 2016, raising in excess of ZAR2.5bn, with further commitments expected by final closing. The fund is the successor fund to the Capital Growth Fund of 2006/7 which invested in eight portfolio companies, the majority in value now realised. The fund will focus on private equity investment in buy out and growth capital transactions in South, Southern and Sub-Saharan…

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EGYPT: The Gateway for International Private Equity Investment into Africa

EGYPT: The Gateway for International Private Equity Investment into Africa

LAGOS, Nigeria, Capital Markets in Africa: Located at the North Eastern gate of Africa, Egypt is considered the gateway to African markets in terms of both investments flows, and target exports destinations. Together with the 90 million plus citizens, its professionally sophisticated financial sector adds to its comparative advantage as an appealing destination for investment flows, mandated towards both the local market and the neighbouring African countries, known for their huge investment potential. In spite…

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Private Equity Activity, Growth and Performance in Morocco

Private Equity Activity, Growth and Performance in Morocco

LAGOS, Nigeria, Capital Markets in Africa: Morocco has begun to emerge as a real operational platform for African investment seeking to position for the new economic dynamic in Africa. Building on a cornerstone location between West Africa, North America and Europe, and leveraging its own solid decade of successful market reforms and extensive, international-standard infrastructure expansion, Morocco is a bridging platform between the north and the south. Longstanding Africa commercial, cultural, and political ties and…

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Private Equity | LeapFrog companies reveal new model of growth, creating 102,000 jobs

Private Equity | LeapFrog companies reveal new model of growth, creating 102,000 jobs

LAGOS, Nigeria, Capital Markets in Africa: LeapFrog Investments today announced that its portfolio companies now employ 102,438 people in Asia, Africa and Latin America. “Nothing sustains a family more than a secure job. Each job typically supports a family of five in our focus countries, while benefiting the wider community,” said Dr. Andrew Kuper, LeapFrog’s CEO and founder. “For the past three years, our financial services companies have grown annual revenue on average by 43…

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Private Equity in Africa: A Force for Good

Private Equity in Africa: A Force for Good

“What improves the circumstances of the greater part can never be regarded as an inconvenience to the whole. No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.”- Adam Smith, The Wealth of Nations Although Adam Smith, often referred to as the father of modern capitalism, may have not have been a proponent of businesses pursuing charitable activities, he clearly believed in a society…

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Mezzanine Financing: A Solution for the Mid-Market Funding Gap in Africa

Mezzanine Financing: A Solution for the Mid-Market Funding Gap in Africa

LAGOS, Nigeria, Capital Markets in Africa: Mezzanine financing in developed markets such as Europe and the United States is typically used to fill a gap in the capital structure, providing additional leverage for primarily private equity funds. In emerging markets such as Africa, mezzanine financing is a key tool in addressing the current lack of funding that is especially obvious in the mid-market, where small and medium sized companies are looking to raise between $5-…

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Infrastructure | AIIM announces successful sale of stakes in three toll road assets

Infrastructure | AIIM announces successful sale of stakes in three toll road assets

CAPE TOWN, South Africa, Capital Markets in Africa: African Infrastructure Investment Managers (AIIM) has announced the successful sale of investments in three privately-concessioned toll roads in Southern Africa. Acting as the manager of the South Africa Infrastructure Fund (SAIF), AIIM successfully concluded the transaction on 4 July 2016. This sale represents the largest private equity realisation for toll road infrastructure in Africa to date. SAIF was established in 1996, and in mid-2000 management of the…

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