North Africa

Pan-African infrastructure fund receives $250 million investment(3)

The recently unveiled Pan-African Infrastructure Development Fund has received a significant investment from the South African Government Employees’ Pension Fund.

Bain consortium sells sandwich chain

Summit Venture spin-out Mainsail has purchased Togo’s Eateries from Dunkin’ Brands, which is owned by Bain Capital, The Carlyle Group and Thomas H. Lee Partners.

Moore opens London office

Moore, a back office services provider, has hired Simon Chadwick from Bear Stearns to spearhead its drive in London and Japan.

VenCom makes 9x return on LED company

Chicago-based investment firm VenCom has sold lighting company IO to Cooper Industries, a US manufacturer, for $16.5 million, netting the firm a nine times on its original investment.

Venture Partners Botswana to raise €150m fund

African buyout firm Venture Partners Botswana has fully invested its first fund and it is looking to raise €150m for its second. The fund recently bought a stake in US insurer AON’s Botswana arm.

Pan-African infrastructure fund receives $250 million investment(2)

The recently unveiled Pan-African Infrastructure Development Fund has received a significant investment from the South African Government Employees’ Pension Fund.

Pan-African infrastructure fund receives $250 million investment

The recently unveiled Pan-African Infrastructure Development Fund has received a significant investment from the South African Government Employees’ Pension Fund.

India looks to private equity for power(3)

India’s Power Finance Corp, a non-banking public sector lender, is reportedly turning to private equity to arrest the country’s infamous power shortfalls. Goldman Sachs and The Blackstone Group have been identified as possible partners.

Pantheon and Nova pick up laboratory group for £75m

Pantheon Ventures and secondary investor Nova have bought the scientific laboratory business of Barloworld as it looks to grow the business overseas.

The emerging trend is your friend

As established private equity markets slow in the wake of the credit crunch, global firms are looking further afield and local emerging market managers know this is no flash in the pan, Nicholas Lockley writes.