Friday 24 May 2013

Transcentury Exit Tanzanian Tea Firm to Catalyst

Investment firm TransCentury were keen to streamline their investment portfolio to power and transport infrastructure and engineering, PE fund managers Catalyst Principal Partners saw another Tanzania opportunity: TransCentury sold their entire stake in...

Pearl Capital Partners Exit Africert

Kenyan Business Daily reports that Pearl Capital Partners (PCP have exited their 36% stake in Kenyan Africert through a sale to an undisclosed local buyer. Africert provides agribusiness certification services. According to the news coverage, ‘PCP’s...

SMEs Shy Away from Listing in Ghana

Despite plenty of press and promotional partnerships with VC firms, the Ghana Stock Exchange (GSE) has yet to lure many SME firms to list on its new small business platform, local press reports. The GSE partnered with SME private equity investors,...

Africans Want Malls, but Exits Keep PE Away

‘How We Made it in Africa’ published a good interview with Actis Real Estate’s Kevin Teeroovengadum on the property market in Africa. Teeroovengadum notes that there is rising interest in development of shopping malls in major economies like Kenya,...

Actis Exits Rwandan BCR

Emerging markets private equity firm Actis has sold its stake in Banque Commerciale du Rwanda (BCR) to Kenyan I&M Bank Limited, and French and German development finance institutions Proparco and DEG. Actis acquired an 80% interest in BCR in the 2004 privatisation, with the remaining 20% interest retained by the...

Actis Exit Accra Mall Investment

Emerging markets private equity firm Actis has sold its 85% shareholding in Accra Mall to to South African property development firm Atterbury and financial services group Sanlam. Actis had managed the project’s development process and, in addition to...

Aureos Southern Africa Fund Exits Brick Manufacturer

Aureos’ USD50m Southern Africa Fund (ASAF) has sold its stake in South African brick and clinker aggregate manufacturing group SA Block (Pty) Ltd. ASAF’s exit forms part of the 100 % sale of SA Block to Afrimat Ltd, a leading black empowered open pit...

Nigeria Pushes for Deeper Public Markets

Nigerian policymakers are busy looking for ways to deepen the country’s capital markets, This Day reports. The chairman of the house committee on capital markets, Herman Hembe, is reviewing his earlier proposal that upstream oil majors and telcos be required to list locally in an effort to improve liquidity at the Nigerian...

RMB and Shalamuka Buy Into Fintech as Investec Exits

Private equity investors RMB Corvest and Shalamuka Capital have acquired stakes in Fintech, a South African technology asset financing company, PE Africa reports. RMB bought an 11.9% stake with shares coming from former Fintech CEO Ian Pennel and share options from fellow private equity investors Investec. Shalamuka bought...

Cauris Secures Secondary Exit in Côte d’Ivoire

  Francophone Africa-focused PE firm Cauris Management has exited its stake in downstream oil and gas operator, Petro Ivoire, to an unnamed private equity investor, PE Africa reports. The exit came as a PE-funded management buyback by the Côte d’...

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