Private Equity

Sub-Saharan Africa

Tunga Management Company moves to sell 26% stake in itself

The Namibian joint venture between affiliates of South Africa’s Old Mutual Group will seek a black empowerment enterprise partner for the stake. The fund is targeting investments of around $360m in infrastructure, mining and private equity in 2009.

2 min read · 05 January 2013

Actis invests $65m in Chinese budget hotel chain

Warburg Pincus is co-investing with the emerging markets specialist in China's 7 Days Inn Group.

1 min read · 05 January 2013

Aureos invests in Papua New Guinea chemicals company

The London-based private equity firm has bought a 15.3 percent stake in Chemica, the fifth investment from its Pacific Island-focused fund.

1 min read · 05 January 2013

Fundraising fallout

African fundraising soared to unprecedented heights in the first six months of 2008, but the second half of the year may not be as rosy, writes Matt Levin.

2 min read · 05 January 2013

iEurope earns 13.5x return from auction site exit

The Central and Eastern Europe-focused private equity fund has sold Hungarian e-marketplace and auction site Vatera.hu, generating a 59 percent gross IRR.

1 min read · 05 January 2013

ECP buys stake in Togo commercial bank

The Africa-focused firm has purchased $28m in common shares and convertible notes of West African lender Financial BC.

1 min read · 05 January 2013

Absa targets $1.7bn for second South Africa fund

The latest upper mid-market fund being raised by the South African investment bank is more than double the size of its 2005 predecessor.

1 min read · 05 January 2013

Southern African cleantech fund holds first close

The Tchenguiz family, along with three international development funds are the cornerstone investors in The Evolution One Fund, which has raised 40 percent of its targeted R1bn total.

1 min read · 05 January 2013

First microinsurance PE firm launched at Clinton-led event

LeapFrog Investments aims to provide 25 million low-income individuals in Asia and Africa with access to microinsurance in the next 10 years. The market for microinsurance on the two continents includes more than one billion people.

3 min read · 05 January 2013

GroFin pan-Africa fund holds $125m first close

The $160m fund is targeting small to middle market enterprises to plug the financing gap between microfinance and commercial banks.

1 min read · 05 January 2013

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