Local and Africa News on Private Equity
A leading, independent private equity investor in emerging markets is looking for a dynamic Private Equity Associate for their South Africa office. The role is to support the team in structuring, evaluating, originating, executing and monitoring investments by performing financial, statistical, business and investment analyses, conducting research, preparing support documentation and assisting in due diligence efforts, and portfolio management.
Twitter, the social networking site used by everyone from Oprah Winfrey to British royalty, was said at the weekend to have received venture financing that values the company at about 1bn.
Twitter received 100m in the deal, according to two people at the weekend who wanted to remain anonymous because terms of the agreement are private. [...]
The near collapse of the global financial system, which wiped out trillions in corporate value and personal savings, may be giving way to a new “golden age” for private equity investment, Silver Lake Co-CEO Glenn Hutchins said in an interview on Tuesday.
Using a comprehensive database of European firms, we study how private equity affects the rate of firm entry. We find that private equity investment benefits new business incorporation, especially in industries with naturally higher entry rates and R&D intensity. A two standard deviation increase in private equity investment explains as much as 5.5% of the variation in entry between high-entry and low-entry industries. We address endogeneity by exploiting data on laws that regulate private equity investments by pension funds. Our results hold when we correct for barriers to entry,general access to credit, protection of intellectual property, and labor regulations.
Efforts by private equity firms to sell stakes in portfolio companies through initial public offerings continued late this week as two North American companies took steps toward coming to market.
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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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