The
weekly roundup of Africa's Private Capital news
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Welcome to the latest weekly wrap of the most interesting Africa-related private equity, infrastructure and venture capital deal stories, market opinion articles and information pieces.
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[email protected].
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This week's issue supported by...
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Private Equity
Abraaj sells group of funds to Colony Capital
Colony Capital has agreed to buy The Abraaj Group's African, Latin American and Turkey Funds management business.
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| Los Angeles-based Colony Capital agrees to acquire a group of Abraaj's funds, including the private equity investor's North African and Sub-Saharan funds. |
Private Equity
IFC, TLcom and others consider Twiga Foods deal
The IFC, TLcom Capital and a group of investors are mulling a deal in Kenya's Twiga Foods.
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Private Equity
Climate Fund Managers holds third close for global fund
Climate Fund Managers have added three new LPs to Climate Investor One's roster of investors, helping to achieve a third close for the global climate fund last week.
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Trade FInance
GML Capital and TDB to launch new Trade Finance Fund
GML Capital and the Eastern and Southern African Trade Development Bank or TDB are teaming up to launch a significant open-ended trade and loan fund.
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Private Equity
Nordic Horn of Africa Impact Fund launched for Somalia
Norfund, Shuraako and IFU, the Danish DFI, have launched a new impact fund for Somalia.
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This week's issue supported by...
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Projects & Portfolio Companies...
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Private Equity
Eaton Towers postpones planned IPO
Sources tell
Bloomberg that Eaton Towers, which is partly owned by Ethos Private Equity, has decided to postpone a planned IPO, possibly until next year.
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Sectors, Trends & Perspectives...
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Partner Content
Still wanted: smart, strategic private equity deals
T
he past three years have reset benchmarks in private equity and debt markets. Whereas there was previously far more "easy" money to be had says RMB Corvest,
the economic downturn has brought with it an increasingly realistic and sober approach to investment, and an appreciation that one can no longer expect to
achieve
the same level of gearing.
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Trends
Driving private equity infrastructure deals in Africa
Between 2012 and 2017, the African Venture Capital and Private Equity Association tracked 97 private equity infrastructure deals worth some $12.1 billion in Africa.
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Strategies
Naspers planning to step up tech investments
According to
Reuters, Naspers is planning to put its $8.2 billion war chest to work and step up growth in its e-commerce ventures.
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Perspectives
Global Investors should follow China's example in Africa
In a piece for the Financial Times, Investec's Co-CEO Hendrik du Toit discusses the ways global investors can follow China's investment example and help shift the financing narrative in Africa.
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Companies, People & Profiles...
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People
Norfund has ended its search for a new CEO following Kjell Roland's resignation in March this year.
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People
Pullen fills new EMEA alternatives role for State Street
State Street has appointed Geoff Pullen to the newly-created position of Managing Director, Alternatives for EMEA.
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Based in Abidjan, Cote d'Ivoire
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Based in Abidjan, Cote d'Ivoire
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Based in Casablanca, Morocco
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Investment Executive, Impact Funds, Intermediated Equity at CDC
// cdcgroup.com
Based in London, United Kingdom
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Manager, Transacton Services at Deloitte
// deloitte.com
Based in Johannesburg, South Africa
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Manager, Valuations at Deloitte
// deloitte.com
Based in Johannesburg, South Africa
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Executive, Development Impact, Financial Institutions at CDC
// cdcgroup.com
Based in London, United Kingdom
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Based in Abidjan, Cote d'Ivoire
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Cape Town, November 5th to November 7th, 2018
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2nd Namibia Renewable Energy & Power Infra Investors
Windhoek, July 5th, 2018
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London, September 19th, 2018
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Regional Energy Cooperation Summit
Accra, September 26th to September 28th, 2018
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New this week...
Bonds, Loans and Sukuk East Africa
Nairobi, October 2nd, 2018
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New this week...
Bonds, Loans and Sukuk Nigeria
Lagos, November 6th, 2018
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New this week...
Project, ECA & Structured Finance Middle East and Africa
Dubai, November 6th to November 7th, 2018
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Africa Renewable Energy Forum
Marrakech, November 15th to November 16th, 2018
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Gas Options: North & West Africa Summit
Marrakech, November 15th to November 16th, 2018
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International Gas Cooperation Summit
Durban, December 4th to December 5th, 2018
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We hope you found the digest to be a useful summary of the major happenings in Africa's private capital markets last week. We'd love it if you shared it with colleagues and business partners. They can sign up for a free trial, for the moment,
here.
Best wishes for a productive week - if you have any tips, suggestions, questions or comments, please get in touch.
All the best,
- Allan
Allan Cunningham
Editor & Publisher
AfCD | Africa Capital Digest
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Africa Capital Digest is a product of Rowayton Press
Rowayton, CT 06853, USA
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Copyright © 2016 Rowayton Press, LLC. All Rights Reserved.
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