Phatisa’s African Agriculture Fund (AAF) concluded its investment of $24m in Goldenlay in early 2012. The Phatisa deal team structured and negotiated a leveraged management buyout transaction, which resulted in the exit of Aureos (now known as The Abraaj Group). The structure of the investment was a combination of mezzanine and equity funding.
Type Zambia into google and one of the first news stories that comes up is about people hanging off the edge of a massive waterfall in Zambia. The waterfall in question is the Victoria Falls, where calm pools at the top allow people to sit in the water and literally hang over the edge of a massive drop. With the general mood of investors in the emerging markets and in Africa sometime it feels that hanging in a pool a tiny space away from a massive drop is exactly where markets are, despite the drops we have already seen.
Industrial space, land and insurers are three things to ponder for anyone with an appetite for a piece of prime Lagos, Nigeria, finds Anne-Louise Stranne Petersen
Côte d’Ivoire is one of the most stable economies in the Francophone egion, but the infrastructure-investment story has not so far proved easy to buy. Anna Lyudvig investigates why infrastructure funds face a number of challenges in the country and what needs to change to boost investment
Seeiso Matlanyane, Research Analyst, Prescient Investment Management, explains the idea behind hedging currency exposure, focusing on Kenyan shilling and Nigerian naira
Ashburton Investments has recently acquired 100% of boutique Cape Town fixed income asset manager Atlantic Asset Management, which includes the Atlantic Specialised Finance division. The acquisition complements Ashburton Investments’existing new generation fixed income business by adding to its range of traditional fixed income funds as well as introducing Atlantic's expertise in managing social impact investments. Ashburton Investments’s CEO Boshoff Grobler (pictured) and Head of Fixed Income, Shalin Bhagwan, tell AGF about the acquisition and future plans
Africa’s leading mezzanine debt provider, Vantage Capital, is in the final stages of closing its third mezzanine fund. AGF catches up with Colin Rezek, co-Managing Partner at Vantage, to discuss their success story
Frontier and emerging markets have been through rather turbulent times over the past year to 18 months, mainly due to a confluence of global economic developments, the slowdown in China and resultant sell-off in commodity markets. These developments have hit African economies especially hard, with stock markets on the continent selling off more than 20% in the last year.
As we enter 2016, AGF’s Anna Lyudvig speaks with leading industry experts about potential trends and themes facing the African asset management during the next 12 months
Ethiopia’s private equity market is relatively small by African standards, but has strong macro drivers that signal significant potential for future growth, writes Dorothy Kelso of AVCA
Africa-focused fundraising had a strong year in 2015, returning to pre-Global Financial Crisis (GFC) levels of capital raised and the number of funds closed growing from 2014, writes Christopher Elvin, Head of Private Equity Products at Preqin
As CBO Investment Management seeks to raise a $150m fund dedicated to investing in the under serviced SME space in West Africa, AGF’s Anna Lyudvig catches up with Managing Partner, Bex Nwawudu, to learn more
