Emerging Capital Partners related stories
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Actis invests $49m in Egyptian fast-food chainThe emerging markets specialist plans to expand Mo’men Group for Foods throughout Northern Africa and the Persian Gulf. The deal is Actis' second food-related acquisition in Egypt after investing in halawi and tahina maker El-Rashidi El-Mizan.
- West Africa’s rising profile
The region, often the site of political instability, has in the past month been home to several positive developments for private equity.
- Nigerian telecom exit nets ECP 2.9x
The Africa-focussed firm made proceeds of some $99m in a private placement preceding Starcomms’ listing on the Nigerian Stock Exchange. Emerging markets focussed-Actis also exited its investment in the company.
- ECP buys Djibouti salt producer for $30m
The pan-African investor, nearing full deployment of its first independently raised fund, is betting that the East African nation’s biggest saltwater lake can produce four million tons of salt by 2012. The fresh capital will be used for buying equipment and facility renovations.
- IFC backs francophone Africa fund
The Washington, DC-based development institution has furthered its support of regional SMEs via a $15 million investment in the Senegal-based Atlantic Coast Regional Fund, which has held a first close on $75 million.
- ECP backs Sub-Saharan African microfinance firm
The Africa-focussed private equity shop has invested $15m in Blue Financial Services, a non-deposit taking micro lender.
- ECP invests $47m in personal hygiene company
The emerging markets growth equity firm’s investment will fund Societe d'Articles Hygieniques’ expansion plans in Libya and East Algeria.
- Travant holds first close on $107m
The West and Central African buyout firm founded by Nigerian executives, was largely backed by local investors as well as CDC, the UK government fund of funds.
- ECP acquires Algerian insurance company for $15m
The Africa-focussed private equity firm has purchased Générale Assurance Méditerranéenne; ECP has also sold its minority stake in a Moroccan fertilizer distribution company for $23 million.
- Aureos takes stake in IT company
The emerging markets firm acquired the company alongside black economic empowerment partners so that it could appeal to wide client base in the country.