Local and Africa News on Private Equity
Private equity group Actis has reassured that much of the money it was seeking for its $2.9bn emerging markets fund has already been secured, in spite of the tougher economic climate.
The fund, known as Actis Emerging Markets 3 (AEM3), is planning to target investments into the energy, transport and telecoms sectors of Africa, China, India, [...]
Private equity firms are positive for employee relations, a new study conducted by Centre for Management Buy-Out Reseach concluded.
The sector has been accused of asset stripping the firms they buy into, leaving employees on poorer job terms.
The European Private Equity and Capital Venture Association, known as EVCA, commissioned a study that found the sector had [...]
The global financial crisis could trigger a round of deal-making in Africa’s telecoms industry as the biggest mobile operators pounce on smaller players struggling to raise funds to expand their networks.
Analysts say the price of mobile assets on the continent has dropped amid market turmoil, despite resilient subscriber growth. At the same time, smaller [...]
A push by the richest US universities to unload their stakes in private equity funds is flooding the market, driving down prices for the world’s bestknown buyout firms.
Investors led by Harvard University, which manages the largest US endowment at $36.9 billion (R373 billion), may increase secondary sales of private equity funds to more than $100 [...]
The Gauteng Provincial Government has launched a R7billion private equity fund, dubbed the “Gauteng Fund” to develop new infrastructure projects in the province.
The fund is a public private partnership with a focus on job creation. In the long term it aims to contribute more than R35billion to infrastructure development in the province.
Gauteng MEC [...]
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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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