The realisation market in the South African private equity industry has returned the highest amount of capital since 2011, according to the 2015 KPMG and SAVCA Venture Capital and Private Equity Industry Performance Survey.
Private equity firm KKR has been charged by the Securities and Exchange Commission (SEC) for misallocating more than $17m in so-called “broken deal” expenses to its flagship private equity funds in breach of its fiduciary duty.
One Thousand & One Voices (1K1V), a Sub-Saharan African private equity fund, established by high net worth families across the globe, has invested an undisclosed amount in Beefmaster, a South African meat producer.
Helios EB Investors II, a wholly-owned subsidiary of Helios Investment Partners, has sold its 2.44% stake in Equity Group Holdings to the National Social Security Fund (NSSF Uganda) at a price of KES 50 ($0.51) per share.
Private equity teams in Africa are very much about close and trusted partnerships, Phatisa’s co-founder Stuart Bradley has said.
Kagiso Tiso Holdings (KTH) has acquired a 51% stake in a business service provider Servest Group (Servest) to form the largest, majority black-owned, facilities management company in Africa, in a transaction valued at about R4.5bn ($373m).
Incofin Investment Management has reached a first closing of the agricultural Rural Impulse Fund (agRIF) at $71m to invest in financial intermediaries in emerging economies (Africa, Asia, LAC Region, CEE-NIS).
TPG Growth, a middle market and growth equity platform of TPG, and Satya Capital, an independent investment firm focused on providing long-term growth capital to African businesses, have partnered to focus on new investments in Africa.
XSML, an independent private equity fund manager active in Central Africa, has invested in Ets Lejack (Lejack), a toilet paper business based in Kinshasa, DRC, through the Central Africa SME Fund (CASF).
Qalaa Holdings (formerly Citadel Capital) has released its consolidated financial results, for the period ending March, 31 2015, reporting revenues of $253.6m, up 42.5% from the same period last year.
Auvest Group, a principal investor offering investment management services to institutions and family offices, has launched the Auvest MENASA Opportunities Fund I, aiming to raise between $250m and $300m.
The Public Investment Corporation (PIC) on behalf of the Government Employees Pension Fund (GEPF) has invested $149m for a minority stake in Bayport Management (BML).
The Pembani Remgro Infrastructure Fund has achieved a successful first closing of $245m, with the aim of achieving final close during 2015 at a target fund size of $500m.
TriLinc Global Impact Fund has approved Helios Investment Partners to act as its sub-advisor on term loan investment opportunities in Sub-Saharan Africa.
