Venture Fund Invests GH¢11.9m In Companies

The Venture Capital Fund, established to support the growth of businesses, has invested more than GH¢11.9 million in companies in the country since it began its operations in 2006.
The investments cover companies in the Information and Communications Technology (ICT), education, finance, poultry, pharmaceutical, agriculture and environmental or waste management sectors.
Taking his turn at the weekly [...]

Mezzanine is wide open after meltdown

ADVERSITY is invariably accompanied by opportunity. I suggest, with a considerable measure of confidence, that Black October has opened the door to a huge prospective private equity boom.
I suggest, too, that the door opening to mezzanine funds is especially wide and extraordinarily welcoming.
The global meltdown, necessitating an almost trillion-dollar rescue package — and counting — [...]

Absa Capital boosts Investments Team

In line with their objective to attract the best talent available in investment banking, Absa Capital today announced three appointments to further boost their Investor Services and Equity Investments team. Both the Infrastructure Equity Investments and Private Equity businesses will benefit from the appointments.
Thando Mhlambiso has been appointed as Managing Principal to head up [...]

The African Alliance Africa Pioneer Master Fund invests in Ivorian crop protection

The African Alliance Africa Pioneer Master Fund, AAAPMF, has invested in support of the MBO of Syngenta’s crop protection business in Côte d’Ivoire. AAAPMF is an open-ended investment fund quoted on the Irish Stock Exchange managed by African Alliance, a South African-based investment banking group. It makes listed and unlisted investments in Africa outside of South Africa.

Private equity industry returns fell deeper

Financial services provider State Street Corporation said private equity industry returns fell deeper into negative territory in the second quarter due to building global economic pressures.
The State Street Private Equity Index internal rate of return, based on quarterly statistics garnered from more than 1 400 private equity partnerships with a total value of $1.3 trillion, [...]

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SA Private Equity gains confidence

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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