The
weekly roundup of Africa's Private Capital news
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Here's the latest weekly wrap of the most interesting Africa-related private equity, infrastructure and venture capital deal stories, market opinion articles and information pieces.
To get immediate access to the full stories behind these abstracts plus our full archive, become a paid subscriber today. The process is quick and simple and provides you with the flexibility of signing up for a year or on a month-by-month basis.
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acunningham@africacapitaldigest.com.
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This week's issue supported by...
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Mezzanine
Vantage makes first investment in Kenya
Vantage Capital is making its first investment in Kenya, backing the Rosslyn Riviera Shopping Mall in Nairobi.
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Vantage Capital makes its first investment in Kenya, backing upmarket Rosslyn Riviera Shopping Mall
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Venture Capital
IFC, Orange and Social Capital back Africa's Talking
The IFC, Orange Digital Ventures and Social Capital have teamed up to back Africa's Talking.
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Venture Capital
BECO Capital leads Series A for Egypt's Swvl
Dubai-based BECO Capital has led a group of venture capital investors backing Swvl, an Egyptian ride-sharing startup.
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Venture Capital
Partech makes maiden investment for Africa fund
Partech Ventures has made its maiden investment for its Partech Africa fund, backing TradeDepot's Series A round.
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Private Debt
Pearl Capital Partners invests in Ugandan agribusiness
Pearl Capital Partners has backed Sesaco, a soy products processor with debt.
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This week's issue supported by...
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Fund and Fundraising News...
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Private Equity
FSDEA removes QGIAM's fund management mandate
Angola's sovereign wealth fund has announced its intention to remove Quantum Global Group from the management of its private equity investment activities.
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Private Equity
Swedfund backs Inspired Evolution's second fund
Sweden's development finance institution, Swedfund, is backing Inspired Evolution's second fund.
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Projects & Portfolio Companies...
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Consumer
Libstar's IPO pricing gives $692mln valuation
In pricing its IPO between R12.50 and R16, Libstar Holdings is being valued at approximately $692 million.
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Financial Services
Fairfax Africa anchors Atlas Mara debt raise
Fairfax Africa has agreed to invest in Atlas Mara secured convertible bonds.
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Manufacturing
Consol pulls the plug on IPO plans
South African glass packaging manufacturer Consol has pulled the plug on its plans to re-list on the main board of the Johannesburg Stock Exchange.
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This week's issue supported by...
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Tune in to a free webcast discussion on May 10th
Adopting sustainability best practices to create enterprise value
Responsible and impact investing is changing the game for Private Equity investors in African deals. The DFIs require it and a strong business case is emerging. But the challenge remains to find companies that understand environmental, social and governance (ESG) issues and are committed to managing them. With that in mind, Kudos Africa, in association with Africa Capital Digest, fielded the ImpactPulse Survey in the second half of last year.
Be our guest on May 10th for an hour-long webcast discussion reviewing the results of the survey, the trends it uncovered and listen to leading investors and executives outline some of the metrics and strategies they are using to reap the value enhancement benefits that employing ESG best practices offer.
Click here today to reserve your complimentary place.
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Regulation & Compliance...
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M&A
Kenya's proposed merger notification thresholds
As Kenya gets ready to change the rules governing merger notifications, law firm Cliffe Dekker Hofmeyr highlights some the proposed key changes.
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Sectors, Trends & Perspectives...
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Oil & Gas
In conversation: Bambili's Fofang on Africa's O&G trends
Industry publication
Africa Oil & Power talks to private equity firm Bambili Group's Nyonga Fofang about key trends in Africa's oil and gas sector.
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Trends
Key private equity industry metrics over the last decade
EY and AVCA have published some of Africa's private equity industry's key data points from the 2007 to 2017 time period.
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Perspective
Q&A with TPG's McGlashan, the Rise Fund's founder
A conversation between
ImpactAlpha with Bill McGlashan, Founder & CEO of the $2 billion, TPG Growth-managed Rise Fund.
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Companies, Profiles & People...
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People
Vettivetpillai recruited to head LGT Impact
Former Abraaj Partner Sev Vettivetpillai has joined LGT Group as head of its impact investment activities.
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People
Phatisa taps Jenkins as Senior Partner and Acting CIO
Phatisa has appointed leading private equity investor Robert Jenkins as a Senior Partner and Acting CIO.
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People
Skoro joins Africa Merchant Capital HQ
Milko Skoro has joined Africa Merchant Capital's head office in London.
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People
Norton Rose hires Colegrave for banking and finance
Norton Rose Fulbright has a new member for its banking and finance team in Johannesburg.
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Chief Investment Officer at African Development Bank
// afdb.org
Based in Abidjan, Côte d'Ivoire
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Chief Investment Officer at FNB Wealth & Investments
// fnb.co.za
Based in Johannesburg, South Africa
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Senior Investment Officer, Origination at African Development Bank
// afdb.org
Based in Abidjan, Côte d'Ivoire
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Based in Johannesburg, South Africa
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Based in Johannesburg, South Africa
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20th Global Private Equity Conference
Washington, DC, May 14th to May 17th, 2018
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AFSIC 2018: Investing in Africa
London, May 2nd to May 4th, 2018
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Accra, May 30th to June 1st, 2018
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Johannesburg, June 6th, 2018
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Black River, Mauritius, June 19th to June 22nd, 2018
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New this week...
Africa Trade & Investment Global Summit
Washington, DC, June 24th to June 26th, 2018
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London, September 19th, 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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