Signs of life seen in Africa private equity funds

The six-month upturn in global markets has re-ignited interest in one of the final frontiers of emerging markets — private equity investment in Africa — and underlines a substantial bounceback in investors’ risk appetite.

Private Equity fund ups Sandbox stake

International private equity company Aureos Capital has paid R66 million to increase its stake in Sandbox.
The deal will see Aureos Capital increase its existing 10% stake to 39% and Sandbox management gaining 20% in the technology service provider. The transaction was funded through the $254 million Aureos Africa Fund and the $50 million Aureos Southern [...]

Beltone and Kenana establish a new agriculture company to invest in Egypt and Sudan

Kenana Sugar Company have signed a partnership agreement to create a strong, resourceful company with the aim of deploying up to US$ 1 billion in large-scale agriculture projects across Egypt and Sudan.

NEF finances R41.9 million leveraged buyout of CDC

EMPOWERMENT agency the National Empowerment Fund (NEF) today announced the conclusion of a R41.9 million investment deal to finance a 100% buyout of Colliery Dust Control (CDC).
The transaction involves a partnership between a black economic empowerment (BEE) consortium led by Bulelwa Geza and existing management of CDC.
“The deal structure leverages the skills sets of 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 [...]

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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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