Saturday 30 July 2016

Duet Team up With AMCON for Distressed Assets Fund

British private equity group Duet have reportedly signed an public private partnership agreement with the Asset Management Corporation of Nigeria (AMCON) to set up a fund for investments in turnaround or distressed assets in Nigeria’s fast...

Africa Finance Corporation Issue Debut CHF100m Bond

The Africa Finance Corporation (AFC) have announced the issue of their debut senior unsecured CHF100m bond. AFC say that the bond will allow them to further diversify their funding sources and provide additional long-term liquidity support to the company’...

Vantage Capital Finance Nigerian Landmark Africa with USD20m

South African Vantage Capital have announced an investment of USD20m in Nigerian property developer Landmark Africa. Landmark manage over 130,000 square metres of serviced office space for international and local corporate across the continent, provide...

Ringier Africa Deals Group Acquire Nigerian E-Commerce Site DealDey

Ringier Africa Deals Group have announced the acquisition of DealDey, one of Nigeria’s largest online shopping platforms. DealDey, founded in 2011 by entrepreneur Simdul Shagaya and Investment AB Kinnevik, now has over 1m users, 15,000 active merchants,...

Verod’s Fund II Exceed Target at USD115m

Verod Capital Management have announced the final close of their Verod Capital Growth Fund II at USD115m, exceeding the initial target of USD100m. In their press release, Verod emphasise the broad mix of backers: ‘Verod Fund II is supported by a diverse...

LeapFrog Announce Investment in Ghanaian UT Life Insurance

Emerging markets impact investor LeapFrog Investments have announced the acquisition of a majority stake in Ghana’s UT Life Insurance Company Ltd. UT Life holds a significant market share in funeral and educational savings policies, with currently nine...

PCM Capital Acquire Stake in First Atlantic Bank Ghana

PCM Capital have announced the acquisition of a 15% stake in First Atlantic Bank Ghana through their EUR38.5m West Africa Emerging Markets Growth Fund (WAEMGF). The amount invested was not disclosed, but the transaction is structured as a combined private...

Actis Announce USD62m Investment in Nigerian Sigma Pensions

Emerging markets private equity firm Actis announced the acquisition of a majority stake in Sigma Pensions, one of Nigeria’s leading pension fund administrators, for USD62m. Sigma was founded in 204 and has over 650,000 members and a foot print of 11...

TLcom Capital Hire Omobola Johnston to Head New Lagos Office

VC firm TLcom have announced the appointment of Omobola Johnson as general partner. She will also open and head their new Lagos office, after Nairobi the company’s second Africa office. Johnson served as Nigeria’s Minister of Communications from 2011 to...

Synergy Announce Final Close of SPEF at Over USD100m

Synergy have announced the final close of their Synergy Private Equity Fund (SPEF) I at above USD100m. When the fund manager started fundraising for their Nigeria/Ghana fund two years ago, they had aimed to raise USD75m. Among the twelve backers of the...

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