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Sub Saharan Africa

AfricInvest to climb deal food chain, enter South Africa – updated

The Tunisia-headquartered firm will target around $500m for AfricInvest Fund IV, according to a source with knowledge of the fund.

Abraaj LPs urged to cover defaulted credit line

LPs in Abraaj's sixth global flagship and certain regional funds have been asked to cover credit line payments.

Africa special: currency risk is the biggest concern for LPs

CDC, South Suez and 57 Stars discuss the risks – and returns – of investing in Africa.

African private equity: In search of a solid 3x

From rising to falling star, Africa rewards those with discipline, patience and the skills to build a market leader.

PE fundraising nears 2008 levels – updated

Several huge closes drove the average fund size to $778.8m in 2017, up from $564.2m the previous year.

LP appetite for emerging markets wanes

According to a survey of LPs by placement agent Probitas Partners, declining interest in China is driving a drop-off across emerging markets.

Urbanisation prompts Abraaj to acquire dining chain from ECP

The firm’s $990 million Africa Fund III aims to benefit from the continent’s rapidly expanding middle class.

Lion pays €300m for good hair day(2)

Montagu Private Equity has made 3x on the sale of ghd – maker of flat irons and hair dryers – to Lion Capital.

Bridgepoint appoints former Marks & Spencer chief(2)

Sir Stuart Rose, Marks and Spencer’s former boss, will become chair of UK clothing chain Fat Face nearly six years after Bridgepoint acquired the company.

FTV and Cathay Capital invest in China tech(2)

The two private equity firms have invested in eBaoTech, a provider of software and services to the insurance industry.

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