MTN eyes 74% stake in Reliance

Mumbai – MTN and Reliance Communications are discussing a deal in which MTN would take a 74% stake in India’s No. 2 mobile operator in a cash and stock swap deal, the Economic Times said on Friday.Indian law permits foreign firms to own up to 74% in local telecom firms. The Anil Dhirubhai Ambani Group [...]

Absa Capital appoints three female bankers

Absa Capital, a division of Absa Bank Limited, and South Africa’s only fully local and fully global investment bank, has transformed its Executive Committee through the appointment of three top female bankers to key positions on the eve of its second anniversary.
Natasha Andrykowsky and Makhosi Kunene have been appointed as Chief Operating Officer (COO) and [...]

Absa Capital Dominates Private Equity Survey

Absa Capital, the investment banking division of Absa Bank Ltd, dominated the ten largest private equity transactions reported in 2007. This is according to the KPMG and SAVCA Venture Capital and Private Equity Industry Performance Survey released on Wednesday night.
Absa Capital Private Equity led and/or participated in five of the top ten largest private equity [...]

Reliance eyes private equity help

Singapore – Anil Ambani, the billionaire chairperson of India’s Reliance Communications, may link up with private equity groups in a bid to gain a powerful foothold in sub-Saharan Africa’s biggest mobile phone operator MTN, the Financial Times said on Wednesday.
Quoting people familiar with the situation, the FT said private equity groups had expressed interest in [...]

Actis strengthens global infrastructure business

Actis, a leading private equity investor in emerging markets, has announced the appointment of three new directors to complement and strengthen its global infrastructure business.
Robert McGregor joins the team to head the South East Asia region based in the Actis Singapore office. Robert has a long track record of transactional experience in the region, particularly [...]

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South African private equity firms are increasingly looking at the rest of the continent, spurred by the success of local telecoms and retail companies in Africa’s frontier markets, according to KPMG.
Africa’s biggest economy accounted for more than 70 percent of the sub-Saharan region’s $2.9 billion of private equity deals in 2008, but this share is [...]

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