Local and Africa News on Private Equity
Page added on November 18, 2008
This is considered to be the Largest local private to public transaction this year. A consortium led by Absa Capital Private Equity has acquired leading South African waste management group EnviroServ Holdings Limited, in a transaction valued at ZAR 1.9bn. The deal is reportedly the largest public-to- private transaction in South Africa this year.
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SA Private Equity gains confidenceSouth 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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