Wednesday 17 December 2014

Actis Acquire Significant Minority in South African Sports Retailer

Emerging markets fund manager Acis have acquired a significant minority stake in South African Tekkie Town for USD65m. The sportswear retailer was founded in 2001 and currently has 265 stores in South Africa. Founder Braam van Huyssteen continues to be...

Fusion Capital Invest KES2bn in Meru County Real Estate Development

Fusion Capital have announced an undisclosed investment in the KES2bn (USD22m) Meru Greenwood Park, an integrated development in the business district in Meru County. The property – a joint investment with several local investors through a joint venture...

XSML Finance Real Estate Firm in DRC’s Katanga Province

Real estate development has become a very popular investor target across the continent, and Dutch SME fund manager XSML are getting in on the game, announcing an investment in Manoah Investments SARL in Lubumbashi, DRC’s Katanga Province. XSML’s funding...

Eris and Momentum to Launch Africa Real Estate Fund

Property services and development company Eris Property Group and Momentum Global Investment Management have announced the launch of an eight year, USD250m real estate fund for sub Saharan Africa later in 2014. The partners will initially focus on...

Eskom Pension and Provident Fund Commits USD9.5m to IHS Fund

Eskom Pension and Provident Fund, South Africa’s second largest pension fund, will invest ZAR100m (USD9.5m) in International Housing Solution’s second fund, which targets investments in affordable low-cost housing, including student housing. HIS has...

Novare to Raise Second PE Property Fund

Novare Private Equity have announced that they will raise a second, USD250m fund for real estate investments, focused on Nigeria and other West African countries. The first fund, closed three years ago, will have given them a useful practice run in a...

International Housing Solutions Raise USD63m for Second Fund

Real estate private equity investor International Housing Solutions (IHS) have reportedly raised a good USD63m for their second fund, IHS Fund II. The World Bank Group’s International Finance Corporation (IFC) has committed to funding of USD25m, and South...

Private Equity for (Low-cost) Residential Housing?

South African Business Day point out that private equity firm International Housing Solutions (IHS) had to venture abroad to find funding for residential property investments: there is limited interest among South African institutions, and HIS had to...

ECP Portfolio Company Raises USD1.035bn

Emerging Capital Partners (ECP) investee company IHS Mauritius Ltd has raised USD1.035bn in additional equity and debt funding to fund tower upgrades and new tower purchases. Normally, we would not track news on PE fund investee companies – it would...

Actis to Lead USD1.5bn in Real Estate Investments

In an interview with Bloomberg, Actis’ director of the firm’s sub Saharan Africa real estate unit Kevin Teeroovengadum stated that they would lead real estate investments of up to USD1.5bn. Part of this funding will come from the proceeds of Actis’ second...

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