African Capital Alliance related stories
All articles and analysis
Nigerian asset manager, listed Swedish group launch firmPrivate equity interest in West Africa continues to gather momentum, the latest example being the establishment of ARM Capital Partners.
- ACA holds $200m first close on West African fund
CAPE III is already larger than Lagos-based African Capital Alliance’s previous private equity vehicles, thanks in part to commitments from DFIs and Nigerian institutions. Up to 40 percent of the fund, which is targeting as much as $500m, may be invested in the energy sector.
- West African fund targets up to $500m
African Capital Alliance has attracted a $50m commitment from UK government-owned fund of funds CDC Group.
- Angel Capital Association Names New Chair And Three New Directors
The Angel Capital Association named David Verrill, co-founder of Hub Angels Investment Group, as its board chair. ACA also elected three new directors, Mike Eckert of Atlanta Technology Angels, Christopher Mirabile of LaunchPad Venture Group, and Jean Peters of Golden Seeds.
- Vine Capital Recaps Nigeria's Afribank
Private equity consortium Vine Capital will recapitalize Nigeria's Afribank, Reuters reported. Vine Capital includes a consortium of local and international firms. No terms of the deal were released, Reuters reported, adding that the deal must obtain shareholder and regulatory approval. Afribank, one of Nigeria’s oldest banks, has a market value of roughly $165 million.
- A Few Good Regulators
There's a parody email http://blogs.wsj.com/deals/2010/04/23/goldman-sachs-has-a-greater-responsibility-than-you-can-possibly-fathom/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fdeals%2Ffeed+%28WSJ.com%3A+Deal+Journal+-+WSJ.com%29&utm_content=Google+Reader circulating around Wall Street right now, in which dialogue from A Few Good Men is turned into Goldman Sachs fodder. Here's a snippet: You want the truth? You can’t handle the truth. Son, we live in a country with an investment gap. And that gap needs to be filled by men with money. Who’s gonna do it? You? You, Middle Class Consumer? Goldman Sachs has a greater responsibility than you can possibly fathom. So I decided to try my hand at something similar, with the scene in which Danny Kaffee (Tom Cruise) and Jack Ross (Kevin Bacon) discuss the possibility of Kaffee putting Col. Jessop on the stand. Standing in for Kaffee will be SEC chair Mary Shapiro, while Goldman counsel Gregory Palm gets the Ross treatment. Get it after the jump...
- African Capital Alliance Raises $200 Million
African Capital Alliance has held a $200 million first close on its third private equity fund, which invests in Nigeria and the West African sub-region. It is targeting $350 million. Limited partners include CDC Group, the European Investment Bank, the International Finance Corp., Netherlands Development Finance Corp., First Trustees Nigeria, AIICO Insurance and Africa Re-insurance Corp.
- peHUB Wire: Monday, August 3, 2009
Random Ramblings
- peHUB Wire: Monday, August 3, 2009
Random Ramblings