Friday 01 August 2014

Ethos, Actis Exit Alexander Forbes Through JSE Listing

Emerging markets investor Actis have sold a 9% stake, the bulk of their 13% stake, in financial services group Alexander Forbes Group Holdings Ltd in an oversubscribed listing on the Johannesburg Stock Exchange (JSE). Alongside fellow private equity...

ECP to Exit Continental Reinsurance

Reuters report that Emerging Capital Partners (ECP) are planning to divest from Continental Reinsurance in which they hold a majority stake of 50.6%, having first invested USD25.8m in 2007. Continental Reinsurance is Nigeria’s second largest insurance...

Actis Sell Stake in Ugandan Energy Utility Umeme

Emerging markets investor Actis have announced the sale of a substantial part of their stake in Uganda’s electricity distributor Umeme to institutional investors through a secondary offer on the Uganda Securities Exchange (USE) and the Nairobi Securities...

ECP Exit Oragroup to Gabon’s Strategic Investment Fund

Emerging Capital Partners (ECP) have sold their stake in Oragroup, the Togo-incorporated regional bank holding company, to Gabon’s Strategic Investment Fund (GSIF) after a five-year holding period at 2.2x the initial investment. This investment had been...

TransCentury Exit Rift Valley Railways Investment to Citadel

This ends a few weeks of (probably not very heated) speculation after TransCentury issued their cautionary statement in late January 2014 that they were considering selling their stake in the Kenya-Uganda Rift Valley Railways (RVR): They announced today...

TransCentury to Acquire Kenyan Cable Holdings Stake from Aureos in Share Swap

  Kenyan listed investment firm TransCentury are seeking to consolidate their shareholding in Cable Holdings (Kenya) Ltd (CHK) through a share swap with Aureos East Africa Fund (now owned by Abraaj Capital). CHK controls 68.38% of the voting shares...

Lereko Metier Complete Exit from Medical Device Distributor to Healthcare Group

PE fund manager Lereko Metier have completed their exit from high-tech surgical device distributor Surgical Innovations to healthcare group Ascendis Health. Ascendis acquired the firm for a total of ZAR336m. Surgical Innovations had been founded in 2006,...

LeapFrog Exit Ghanaian Express Life

LeapFrog Investments will exit Express Life Insurance Company (Express Life) in Ghana to British insurer Prudential plc who will acquire 100% of the company for an undisclosed sum. The transaction is Prudential’s first insurance investment in sub Saharan...

AfriCap Exit Cameroon’s La Regionale

After a five-year holding period, AfriCap Microfinance Investment Company (AfriCap), a USD42m Mauritius-incorporated microfinance investment company, announced its exit of La Regionale d’Epargne et de Credit, a financial services company in Cameroon....

Ethos to Exit Alexander Forbes

After a six-year holding period, South African private equity firm Ethos Private Equity is preparing to sell its stake in pension fund manager Alexander Forbes, according to Bloomberg. As South Africa’s oldest buyout firm, Ethos have a proven track...

Pages