Local and Africa News on Private Equity
Private equity firm Ethos, being Clickatell’s largest institutional investor, has been instrumental in supporting Clickatell’s expansion plans in Africa and abroad.
“We are committed to working closely with the management of our investee companies to support them with their strategic and growth ambitions. We have supported Clickatell in their strategic, marketing and business development activities [...]
Ethos Private Equity has led a joint bid culminating in Ethos and Old Mutual Private Equity investing in Idwala Industrial Holdings Ltd. Tiso Group and Idwala management will remain invested in Idwala alongside Ethos and Old Mutual, while RMB Ventures is exiting their four year investment.
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SA Private Equity gains confidenceSouth 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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