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Category: Leverage and Returns

Francisco Partners buys CDK Global unit for $1.45bn

CDK’s international division services customers in Europe, the Middle East, Asia and Africa with automotive industry technology

AIIM expands third flagship Africa infra fund to $400m through capital increase

African Infrastructure Investment Managers has brought its third flagship pan-continental infra fund to $400m through a capital increase.

How Africa can self-finance its economic recovery

In the wake of a continent-wide recession, a recovery designed and financed largely by Africans is well within reach

Pacer Ventures looking to solve funding gap for African startups

Sub-Saharan Africa's funding gap is the 'most critical problem on the continent' according to Pacer Ventures, which has launched a new fund hoping to solve the issue.

Actis makes two investments in digital infrastructure in South Africa

The firm has acquired a controlling stake in fibre broadband provider Octotel and a minority interest in internet provider RSAWEB

Ex-Google exec, investment veteran team up to launch MENA-focused VC house Plus Venture Capital

A former Google executive and investment veteran have teamed up to launch a new venture capital fund targeting early-stage tech startups in the Middle East and North Africa region and its diaspora.

Actis powers up digital infrastructure investing with ZAR2.3bn Octotel buyout

Global emerging markets private equity major Actis has agreed a ZAR2.3bn ($140m) buyout of South African fibre network operator Octotel.

Carlyle Acquires Electrostatic Sprayer Maker

The Carlyle Group has agreed to acquire Victory Innovations, a provider of electrostatic sprayers. Victory’s cordless electrostatic spraying equipment is used to disinfect surfaces in businesses, transportation systems, hospitals, and schools. The company is headquartered

Comment: Africa’s gathering debt storm

Without rapid and vastly increased external help to weather the Covid-19 storm and ease their debt-service burden, many African economies could collapse. This would directly affect the rich world in ways for which it is

Neuberger Berman hires KKR exec as head of Middle East and North Africa

Kaveh Samie will help grow the firm’s footprint in the regions, from its Dubai office

XSML backs Uganda, DR Congo investment opportunity amid first close of third flagship fundraise

Central and East Africa-focused fund manager XSML has hit a $54m first close for its third fundraise targeting the region.

Africa-focused PE major Helios hires ex-Carlyle EMEA sustainability head as ESG director

African private equity major Helios Investment Partners has brought in former Carlyle EMEA head of sustainability Phil Davis as director of ESG.

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

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,

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.

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