Since January 2014, exchange rate movements have subtracted value from realized private equity investments in emerging markets of nearly 60% of respondents of the latest EMPEA survey, with several respondents estimating losses of $500m.
African Rivers Fund (ARF), managed by the Dutch fund manager XSML, has made its first investment in Institut Aurora, an education provider in the Democratic Republic of the Congo.
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, is aiming to have a first close of its fourth fund this Summer.
The last four years have seen an increase in private equity market multiples on the African continent, according to Bright Africa, an ongoing research endeavor from RisCura.
The Abraaj Group has successfully exited its investment in a Tunisian pharmaceutical company Unité de fabrication de médicaments (Unimed), through an IPO on the Tunis Stock Exchange.
Quantum Global Group has agreed to invest approximately $50m in new plantation establishment, infrastructure and wood processing industries in Angola over the next five years.
Private equity exits in Africa reached a 9-year high in 2015, even as firms held onto their investments longer due to economic uncertainty, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).
Convergence Partners and Stockdale Street have acquired 100% of e4, a South African technology company with an international footprint in Africa, Europe, the US and Australia.
8 Miles, an independent private equity fund management business, has invested in Verde Beef Processing, an agribusiness that specializes in producing premium beef in Adami Tulu, Oromia in Ethiopia.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided a debenture facility of N80m ($5.52m) to United Africa Group (UAG), an established hospitality and property-owning group in Namibia.
Catalyst Principal Partners, an East Africa focused private equity firm, has invested in Orbit Chemical Industries, a Kenyan manufacturer providing end-to- end manufacturing production for household and personal care products, industrial chemicals and agro-chemicals.
The BDO Development Capital Fund, has invested €3m in Obelisk Group, a specialist in service provision to the telecommunications and utilities sectors, to drive further expansion in South Africa and the UK.
The African Private Equity and Venture Capital Association (AVCA), a pan-African industry body which promotes and enables private investment in Africa, has announced the launch of its newly inaugurated Sustainability Committee.
QG Africa Hotel LP, a Mauritius-based fund managed by QG Investments Africa Management, has acquired 100% interest in the InterContinental Hotel Lusaka from Kingdom Hotel Investments for $35.9m.
