IHS moves to the cape

Nearly 500 new homes and shops worth R170-million are to be built in the Cape Town suburb of Eerste River thanks to a massive cash injection by private equity partners, International Housing Solutions (IHS).
Eerste River, which borders the Cape’s Winelands, is experiencing a desperate shortage of accommodation .  With high levels of employment, the area’s [...]

Evolution One Fund reaches Final Closing at R700 million

South Africa’s first, specialised, private equity clean technology fund, Evolution One Fund (“Evolution One”), has reached its Final Closing milestone having raised ZAR700 million ($US94 million) in capital from local and foreign investors, including supranational and sovereign wealth funds. This capital will be dedicated to equity investments into a suite of clean technology projects and [...]

Actis increases investments in emerging markets

Actis, an emerging markets private equity specialist, announced that it has invested US$50 million to acquire a substantial minority stake in Integreon, the leading global provider of legal support, research and business services to law firms, financial institutions and corporations, based  in London, Los Angeles and Mumbai.
As part of this investment, JM Trivedi, Actis’s Head [...]

Aureos Raises U.S. $381 Million For New African Fund

Private equity fund manager Aureos has closed to new investors a fund investing in small and medium-sized businesses in Africa at a total of $381.1 million, the company said on Monday.
The fund aims to make initial investments of up to $10 million in businesses that have potential to expand across Africa within two to three [...]

Citadel Capital Named Top African Private Equity Firm—Again

Citadel Capital, the leading private equity firm in the Middle East and North Africa with US$ 8.3 billion in investments under control, was named African Banker’s Best Private Equity Fund of the Year at a gala dinner held on October 6, 2009, at the Four Seasons Hotel in Istanbul, Turkey. A total of 14 awards were presented during the ceremony.

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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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• Actis increases investments in emerging markets
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• Aureos Raises U.S. $381 Million For New African Fund

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