Private Equity

North Africa

Aureos invests $830,000 in Tonga

Aureos Capital has made its first investment in Tonga, an archipelago in the South Pacific Ocean. Tonga offers investment opportunities that are driven by increasing tourist arrivals in the Kingdom and the resulting need for infrastructure development.

2 min read · 05 January 2013

SHUAA holds first close on $534m Saudi hospitality fund

SHUAA Capital has raised $240m for the first close of its hospitality fund focused on Saudi Arabia, ‘the first private equity fund domiciled in the Kingdom'. The fund will develop 17 hotels, apartments and resorts in the country.

2 min read · 04 January 2013

Aureos exits Ugandan microlender in $25m deal

The emerging markets specialist has sold its stake in Uganda Microfinance Limited to Kenya-based Equity Bank, as it nears a $200m first close on its $400m Pan-African fund.

2 min read · 04 January 2013

InReturn ups target for East Africa Fund

Having originally set out to raise €10m by the end of the year from both institutions and individuals, InReturn Capital is upping its target in response to strong demand.

1 min read · 04 January 2013

ECP nearing first close on $1bn Africa fund

The private equity firm will likely hold a first close on more than $523m, topping its entire previous fund. Launched in the second quarter of this year, the fund will be one of the largest dedicated pan-Africa funds raised to date if it meets its target.

1 min read · 04 January 2013

Blackstone to launch infrastructure, cleantech funds

The publicly listed alternative asset manager will later this year raise private equity funds for US and European developed infrastructure, as well as cleantech and renewable energies as the market for Blackstone’s core private equity business remains challenged.

2 min read · 04 January 2013

Istithmar leaps into entertainment with Cirque du Soleil stake

The Dubai private equity group has teamed with Dubai-backed real estate developer Nakheel to purchase a 20 percent stake in Cirque du Soleil. Famous for unusual live performances, the entertainment company will develop a permanent show on Dubai’s Palm Jumeirah island.

2 min read · 04 January 2013

Actis invests $49m in Egyptian fast-food chain

The 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.

1 min read · 04 January 2013

Actis-led consortium pays $700m for South African electrical contractor

The emerging markets specialist has partnered with Old Mutual Investment Group to acquire energy and electrical engineering company Alstom South Africa.

2 min read · 04 January 2013

CDC tightens focus on poorest nations, commits $185m to India

Richard Laing, chief executive of the UK government’s fund of funds investor in emerging markets, says the mission to reduce poverty is central to CDC’s investment thesis. Latest commitments to Indian managers underline the strategy.

3 min read · 04 January 2013

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