North Africa

ECP sees 3x return on African bank exit

Washington DC-based Emerging Capital Partners has completed the latest of a series of profitable exits from its pioneering African investment program.

DCG sells and buys back Egyptian Fertilizers stake(2)

Abraaj Capital’s partner on the Egyptian Fertilizers Company deal earlier this month, the Dubai Capital Group registered an 88 percent IRR and made three times its original investment in the stake it sold and later bought back.

DCG sells and buys back Egyptian Fertilizers stake

Abraaj Capital’s partner on the Egyptian Fertilizers Company deal earlier this month, the Dubai Capital Group registered an 88 percent IRR and made three times its original investment in the stake it sold and later bought back.

Actis leads $134m investment in Nigerian bank(3)

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 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.

Rasmala’s first fund returns over 3 times capital to investors

Dubai-based Rasmala Investments private equity arm has provided investors with a return of over 3 times with an IRR of 22 percent from its first fund set up seven years ago. The firm’s payout comes after the record for the largest deal in the Middle East and North Africa region was broken twice last week.

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 buys 70% stake in Sinai Marble(3)

Actis has bought a majority stake in Sinai Marble in the same month as the Abraaj-led consortium carried out a record deal in Egypt. The smaller deal, in partnership with a family run business, is far more representative of deals in the region.

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.