Regional private equity to rebound next year

Private equity in the sub-Saharan Africa region is poised for a strong comeback next year, according to a KPMG survey of private equity stakeholders in South Africa.
The survey, released yesterday, showed that more than 70 percent of the 119 private equity industry executives who participated expected larger deals of more than R3 billion to [...]

HSBC may bid for S.Africa’s Nedbank: report

HSBC Holdings  may bid for South Africa’s Nedbank, Sky News reported, a potential $4.4 billion deal that would give Europe’s largest bank a bigger profile in fast-growing Africa.
Buying a majority stake of South Africa’s fourth-largest lender would bulk up HSBC’s presence in Africa’s top economy and give it a wider platform for expansion on the [...]

Citadel Capital: African Business of the Year

Citadel Capital, the leading private equity firm in the MEA, has received the prestigious industry award that recognizes outstanding contribution to the economic growth and development of Africa
Beating fellow finalists, De Beers, Safaricom, Ecobank and Bidco, Citadel Capital was named ‘African Business of the Year’ at the African Business Awards attended by the Prime Ministers [...]

KfW and NMI Invest in Goodwell West Africa to Support growth of microfinance in Ghana and Nigeria

Goodwell West Africa announced today that it has received commitments from KfW, Euro 8 million (R75 mil) and the NMI Frontier Fund, Euro 1.6 million (R15 mil). This private equity company will invest in microfinance in Ghana and Nigeria. Goodwell West Africa has now completed its second closing at Euro 16 million.
In Ghana and Nigeria, [...]

Life Healthcare Cuts Biggest Planned IPO by 30%

Life Healthcare Group Holdings Ltd., a South African hospital owner whose initial public offering would have been the continent’s biggest in at least a decade, cut the size of its IPO by as much as 30 percent as share sales worldwide suffer setbacks amid stock-market volatility.
Life Healthcare will now seek to raise as much as [...]

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LATEST NEWS HEADLINES

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• Regional private equity to rebound next year
• HSBC may bid for S.Africa’s Nedbank: report
• Citadel Capital: African Business of the Year

ALSO IN THE NEWS

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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