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 teams in Africa are very much about close and trusted partnerships, Phatisa’s co-founder Stuart Bradley has said.
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.
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.
TriLinc Global Impact Fund has approved Helios Investment Partners to act as its sub-advisor on term loan investment opportunities in Sub-Saharan Africa.
South Africa attracts more than half the continent’s PE transactional activity thanks to a combination of market size, ease of doing business and comparatively well-developed financial institutions and governance practices, Sean McPhee, partner at Deloitte’s Corporate Finance unit, has said.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has announced its 2015 Global Engagement Call for Proposals from fund managers seeking OPIC financing for private equity investment funds.
Private equity (PE) exits in Africa reached an eight-year high in 2014, and strong activity is expected to continue, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).
Morocco has emerged as the top investment destination for private equity in North Africa, attracting 51% of all deals and 43% of total capital invested in the sub-region between 2010 and 2014, according to a report by the Emerging Markets Private Equity Association (EMPEA).
Despite the backdrop of significant volatility across all investment markets during 2014, SA private equity funds continued to offer relatively strong performances, according to the fourth quarter 2014 RisCura-SAVCA South African Private Equity Performance report.
The deal activity on the African continent remains strong with $8.1bn worth of deals completed in 2014, a new report by the African Private Equity and Venture Capital Association (AVCA) has revealed.
Private equity and venture capital fundraising in 2014 increased year-over-year in Sub-Saharan Africa, according to EMPEA, the global industry association for private capital in emerging markets.
Investments into South African private equity funds delivered an annualized rate of return of 18.5%, net of fees, over the ten years to September 2014, according to the RisCura-SAVCA South African Private Equity Performance Report.
As African private equity markets evolve, the ‘sweet spot’ is to be found at the smaller end of the deal size spectrum, according to Nick Tims, managing director in the client group at Investec Asset Management.
