Private Equity
The development bank has approved a ZAR 100m commitment to the Evolution One Fund, which will be focused mainly on South Africa.
1 min read · 05 January 2013
Anthony Gichini, formerly of the IFC’s SME Support Centre, has joined socially-minded private equity firm InReturn as managing partner in Nairobi. The InReturn East Africa Fund is close to making its first investment.
1 min read · 05 January 2013
Cobalt, which is backed by Riverstone, Goldman Sachs and First Reserve, has tied up with Sonangol, the national oil company of Angola, to let the oil and gas exploration firm access Africa's third largest oil producing nation.
2 min read · 05 January 2013
Renamed Trilantic Capital and still led by Charlie Ayres, the firm will be ‘patient’ in choosing investment opportunities. In an interview with PEO, Ayres said his firm will look for chances to inject quality, over-levered companies with equity capital for some form of control.
3 min read · 05 January 2013
The UK government's development-focused fund of funds is talking to two Southern African banks about the creation of debt funds to help private businesses in the region, says chief executive Richard Laing.
2 min read · 05 January 2013
The management spin-out of Lehman’s merchant banking arm officially closed last week and the firm has chosen a new name.
2 min read · 05 January 2013
The emerging markets specialist has hired Isabelle Portebois-Benjelloun, the former private equity chief at Moroccan investment bank CFG Group, to establish a North African presence from a base in Casablanca.
1 min read · 05 January 2013
Institutional investors remain committed to emerging markets private equity and convinced it can offer higher returns than more developed markets. However, their perception of the risk involved has incresed since 2008.
2 min read · 05 January 2013
The proposed private equity fund will be managed by Prescient Fieldstone Investment Management and target final commitments of $500m. A first close is scheduled on $150m.
2 min read · 05 January 2013
African Energy Infrastructure Fund is now more than half-way toward its first close, which is expected in the middle of the year, and has already lined up its first deal in Ghana. In December 2008, it received a $30m equity commitment from the African Development Bank.
2 min read · 05 January 2013
