Local and Africa News on Private Equity
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 [...]
Focus on small to medium-sized companies with domestic or regional growth potential
Fund has already made nine investments in companies operating across 15 countries
Aureos Africa Fund has increased its funds under management to US$317.8 million, after its initial closing in September 2008. The Aureos Africa Fund is an initiative of Aureos Capital, the private equity fund [...]
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 [...]
MAURITIUS-domiciled Aureos Capital, a private equity fund manager, says its new fund, which raised $253,5m last month, seeks to tap “superior risk-adjusted returns” in Africa.
Aureos Capital said SA was one of the three main areas targeted by the Aureos Africa Fund, which invests in medium-sized businesses seeking expansion capital, management buy-outs, replacement capital or even [...]
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