PE firms are on average the best-managed ownership, study finds.

According to a study conducted by World Economic Forum, PE firms are significantly better managed than government-owned, family-owned and privately owned firms. This is true even after controlling for a range of other firm characteristics such as country,industry, size and employee skills.
However, the difference in management practice scores between PE and dispersed shareholding firms including [...]

Private Equity improves productivity, earnings and employment

The new study sponsored by World Economic Forum finds that target firms of private equity transactions experience an intensification of job creation and destruction activity, establishment entry and exit, and establishment acquisition and divestiture.
“On net, we find that this intensification of reallocation yields a substantial productivity growth differential (about 2%) within two years following the [...]

Citadel fundraising close to final fund closure

Citadel Capital aims to hold a second close on its debut institutional fund in the second quarter of this year, firm chairman and chief executive Ahmed Heikal said.
The firm is targeting a $500 million final close for the Citadel Capital Joint Investment Fund, which will likely make up to 10 investments in industrial consolidations, distressed [...]

SEACOM laying cable already in the indian ocean

The laying has started of a fast fibre-optic international telecommunications cable link that could be east Africa’s first, the owners of the venture said on Wednesday.
The Mauritius-registered private equity project known as SEACOM is investing in a fibre optic cable linking east and southern Africa to Europe and Asia. Its launch is scheduled for June.
“We [...]

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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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