Extractive Industries | Africa Assets

Thursday 23 May 2013

New Cowboy on the PE Block: FRG Monday, 19 November 2012 There is a logical transition from military contracting to private equity, of sorts: Former Blackwater owner Erik Prince has left the security industry behind to set up a private equity firm, Frontier Resource Group (FRG) earlier in 2012. FRG is,... Read more about New Cowboy on the PE Block: FRG Comments Quick view	Chinese PE Firm Cathay Fortune Bid USD848m for Botswana Copper Mine Thursday, 4 October 2012 Not strictly speaking an African PE deal, but interesting for China’s interest in one of the more old-school African investment targets – which is, of course, necessary to feed the country’s incessant demand for raw materials: Shanghai-incorporated private equity firm Cathay Fortune Corp (CFC) and the China Africa... Read more about Chinese PE Firm Cathay Fortune Bid USD848m for Botswana Copper Mine Comments Quick view
Citadel Eyes Ugandan Oil Refinery Wednesday, 3 October 2012 Citadel Capital may be mulling a stake in Uganda’s first oil refinery, Reuters reports. The USD2.5bn project would be built in Hoima, 220km west of the capital Kampala just next to the Lake Albert basin where most of Uganda’s 3.5bn barrel reserves lie. Uganda has been talking about building a refinery since the oil... Read more about Citadel Eyes Ugandan Oil Refinery Comments Quick view	Training Wheels for Investors as China Reaches Overseas Sunday, 22 July 2012 Bloomberg reports that China’s foreign exchange regulator has warned Chinese investors to bear in mind basic international market rules such as return on investment, costs and cash flow as they move into other emerging markets such as Africa. The... Read more about Training Wheels for Investors as China Reaches Overseas Comments Quick view
China Mining Fund Targets Africa Wednesday, 18 July 2012 State-owned private equity managers China Mining United Fund (CMUF) will launch a second fund for investment in African mineral assets, Bloomberg and Engineering News report. The vehicle is one of the first state-owned RMB PE funds to gain approval to invest abroad. It is CMUF’s second fund, and is expected to... Read more about China Mining Fund Targets Africa Comments Quick view	New Africa Mining Fund II to Invest Soon Tuesday, 17 July 2012 New Africa Mining Fund (NAMFI) II is set to make its first investment in the next two to three months, Mining Weekly reports. The USD120m fund is targeting 30-40% stakes in early stage exploration and development projects in gold, copper, iron-ore... Read more about New Africa Mining Fund II to Invest Soon Comments Quick view
Addax & Oryx Talks with ECP Collapse Tuesday, 22 May 2012 Emerging Capital Partners (ECP) will no longer acquire the Africa downstream operations of Geneva-incorporated Addax & Oryx (AOG). Talks between both companies had begun in February 2012, but have reportedly collapsed over pricing disagreements: Reuters quote an unnamed source saying that ECP had been willing to offer... Read more about Addax & Oryx Talks with ECP Collapse Comments Quick view	Ariya Capital Signs Deal to Find African RE Investments Tuesday, 17 April 2012 US-incorporated Element Power Solar and private equity firm Ariya Capital LLP have entered into a partnership to find renewable energy (RE) projects in Africa to invest in. Under the agreement, Element Power Solar, a unit of renewable-energy developer Element Power US LLC, will act as a technical advisor. Ariya Capital is... Read more about Ariya Capital Signs Deal to Find African RE Investments Comments Quick view
Outbound China M&A Seeks Resources in SA Friday, 13 April 2012 China’s outbound mergers and acquisition deals are expected to rise in coming years, particularly in the other BRICS countries including South Africa, according to a recent Deloitte report highlighted by CRI English. Chinese enterprises completed 43 deals... Read more about Outbound China M&A Seeks Resources in SA Comments Quick view	India’s RPG Enterprises Seeks Acquisitions in Africa Thursday, 12 April 2012 India’s RPG Enterprises is seeking diverse acquisitions in Africa, some from private equity players in South Africa, Business Today reports. RPG hopes to become the leading power transmission player in South Africa, where the company says it has found... Read more about India’s RPG Enterprises Seeks Acquisitions in Africa Comments Quick view

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