Sub-Saharan Africa

Actis secures R8.4bn Alexander Forbes(2)

Actis Capital’s bid for Alexander Forbes has reportedly gained shareholder acceptance, after raising its bid twice and offering to keep a quarter of the company listed on the Johannesburg stock exchange.

Actis secures R8.4bn Alexander Forbes

Actis Capital’s bid for Alexander Forbes has reportedly gained shareholder acceptance, after raising its bid twice and offering to keep a quarter of the company listed on the Johannesburg stock exchange.

Actis leads $134m investment in Nigerian bank(2)

Actis has taken a minority stake in Nigeria-based Diamond Bank, shortly after the country’s scandal-dogged elections. But despite the governance concerns, buyout firms are optimistic about the country’s economic and political future.

Actis leads $134m investment in Nigerian bank

Actis has taken a minority stake in Nigeria-based Diamond Bank, shortly after the country’s scandal-dogged elections. But despite the governance concerns, buyout firms are optimistic about the country’s economic and political future.

Brait deal to take Shoprite private collapses

A rising share price has derailed Brait’s plans to delist South African retailer Shoprite from the Johannesburg exchange.

Sphere buys stake in software company

Black economic empowerment specialist Sphere has bought a 35.8 percent stake in software company Barone, Budge and Dominick. The software company had been looking for a business partner committed to the South African governmental programme designed to promote racial equality.

Oak backs Reunion.com(2)

US VC firm Oak Investment Partners has completed a $25 million funding round for social networking site Reunion.com, one of the biggest investments in the area to date.

Alex Forbes consortium raises offer(2)

The consortium buying Alexander Forbes, a South African financial services group, has increased its offer despite having agreed the deal three months ago.

Bain Capital in largest ever South African buyout(2)

US group Bain Capital has agreed a $3.5 billion deal for South African retailer Edgars Consolidated Stores, the largest buyout ever recorded in the country.

Sequoia makes 44 times return on YouTube(2)

Google has revealed that its acquisition of YouTube last year netted a return of nearly $500 million for Sequoia Capital, the US venture capital firm behind the video sharing website.