Citadel Capital Hires a General Manager for its East Africa Expansion

Citadel Capital, the leading private equity firm in the Middle East and North Africa with US$ 8.3 billion in investments under control, today announced that it has hired Hassan Massoud to head the firm’s East African office as it pursues growth opportunities across the Horn of Africa.

Brait appoints a government finance veteran as new chairman

Mr Jabu Moleketi joined Brait Société Anonyme as a director and chairman of the board on September 7. He replaced Mervyn King, who has served as a director and chairman of Brait’s board for the past 11 years.

Ernst & Young appoints new global private equity leader Ernst & Young appoints new global private equity leader

Harley joined Ernst & Young in 2000 to lead its global technology, communications and entertainment corporate finance practice. Subsequent roles within Ernst & Young have included the head of its TCE European practice and global vice chair of accounts, industries and business development.

Sanlam Private Equity appoints Fernandez as CEO

Sanlam Private Equity (SPE), the private equity investment business within the Sanlam Group, today announced the appointment of Cora Fernandez as chief executive officer. Fernandez will take up her new role in SPE’s Hyde Park offices in Johannesburg on 1 July 2009.
With close to R5 billion of assets under management, Sanlam Private Equity is one [...]

A private equity partner moves to a software and service business

Roderick John Fehrsen (59) has been appointed as an independent non-executive director with effect from 30 March 2009.  Mr Fehrsen will also chair the audit committee and serve as a member of the remuneration committee.
Mr Fehrsen qualified as a chartered accountant and has over thirty years general business management experience, mostly at executive and board [...]

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On the Real Effects of Private Equity Investment Evidence from New Business Creation by Alexander

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.

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