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Category: Africa

Helios Investment appoints ESG director from Carlyle

Phil Davis is expected to help the Africa-focused firm expand its sustainability and responsible business practices

JPMorgan hires UK ex-Chancellor Sajid Javid as senior adviser

Javid will be on the bank's advisory council for Europe, Middle East and Africa

Paymob secures VC funding to help bolster financial inclusion in Egypt

Egyptian digital payments company Paymob has secured $3.5m in its funding round, which was led by Global Ventures and Dutch Entrepreneurial Development Bank FMO.

US companies should consider making slavery reparations, says Vista Equity Partners CEO

Vista Equity Partners CEO Robert Smith has said that companies which profited from the transatlantic slave trade should consider making reparations to African-Americans.

Europe on course for highest rate of corporate debt defaults since 2008

Moody’s expects the corporate debt default rate in Europe, the Middle East and Africa to reach 6.2% in 12 months – the highest level since the financial crisis

Thompson Street Exits Lab Platform

Thompson Street Capital Partners (TSCP) has sold Analytical Lab Group to Element Materials Technology, a portfolio company of Bridgepoint Capital. Analytical Lab Group (ALG) provides FDA- and EPA-focused microbiology testing services to the healthcare, drug,

Emerging markets specialist Leapfrog names senior trio to management committee in wake of record-breaking fund close

Emerging markets-focused Leapfrog Investments has promoted a trio of senior staff to its management committee and board in the wake of its last record-breaking fundraise.

LLR Sells WorldAware to Rhone’s GardaWorld

GardaWorld Security has acquired WorldAware from LLR Partners. LLR acquired WorldAware (then iJET International) in December 2013. GardaWorld was acquired by Rhone Capital and members of its senior management team in March 2017 from Apax

Bridgepoint’s Miya attracts offers from EQT, IFM, KKR, BlackRock – report

Bridgepoint-backed water business Miya Group has attracted offers from four private equity firms – EQT, IFM, KKR and BlackRock – according to Spanish and Portuguese press reports.

Impala buys back convertibles after platinum surge

Impala Platinum Holdings, the South African platinum mining company, has launched a tender offer for half its outstanding rand-denominated convertible bonds.

CDC Group commits $100m into Africa-focused impact fund

The British government-backed group is committing to Helios Investors IV fund, which aims to raise $1.25bn to support initiatives in African countries

Helios picks up CDC commitment for latest pan-Africa fund, said to eye up to $1.25bn

Pan-African private equity house Helios Investment Partners has picked up a $100m commitment for its fourth pan-African fund as it eyes a reported $1.25bn for the vehicle.

CDC, Finnfund anchor $202m Africinvest Fund IV first close

CDC Group and Finnfund have anchored the $202m first close of Africinvest's latest pan-Africa private equity fundraise.

Datasite: AI to Speed Up M&A

According to Datasite, over the next five years new technologies, including artificial intelligence, will transform the mergers and acquisitions process by decreasing the time it takes to perform due diligence to less than a month

CPPIB, General Atlantic heavyweights revealed as latest board members at emerging markets PE body EMPEA

Emerging markets private equity industry association EMPEA has named General Atlantic CEO Bill Ford and CPPIB head of Asia Pacific Suyi Kim to its board of directors.

New Head of PE Services at Grant Thornton

Grant Thornton has named Carlos Ferreira as its national managing partner for private equity beginning on August 1, 2020. Mr. Ferreira retains his position as the global co-leader for transaction advisory services at Grant Thornton.

Africa sees VC deals surge to reach record dollar total last year: AVCA data

African venture capital activity reached its highest dollar total on record last year thanks to a surge in dollars being invested in the continent's startups.

Investec spin-out launches recovery fund to save South African economy “in induced coma”

A new coronavirus economic recovery fund targeting South Africa has been launched by Ninety One, which has just demerged from Investec Bank, and Ethos Private Equity.

Francisco Closes On $10 Billion

Francisco Partners has held a final closing of three funds, two equity funds and one credit fund, with an aggregate $10 billion of capital. The three new funds are Francisco Partners VI LP with $7.45

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