Executive pleads guilty as collapse of $14bn Abraaj hits PE flows into Africa

The ongoing collapse of the giant Abraaj platform in the world’s biggest private-equity insolvency has hit flows into Africa-focused private-equity funds. Former Abraaj managing partner Mustafa Abdel-Wadood is cooperating with New York prosecutors after pleading guilty in a Manhattan court 2 weeks ago. He could face up to 125 years in prison. Abraaj was founded […]

Warning about “less orthodox” private equity debts

Private equity fund managers (general partners or GPs) are using money promised by investors (limited partners or LPs) as security to borrow from banks. The Economist magazine says, in a recent article on the Abraaj crisis, says investors are becoming “warier of private-equity firms’ less orthodox tactics”. The magazine says that GPs use these “subscription […]

Private Equity Africa – 2016 in review

There were about 100 private equity deals in Africa in 2016, according to Preqin, valued at $3bn, according to figures at the industry-leading Private Equity Africa 7th annual review and outlook.

Africa IPO round-up

Roundup of some recent initial public offers (IPOs) of shares which raised capital for businesses listed on Africa’s stock exchanges.

Private Equity Africa awards 2015

Congratulations to the winners of the 2015 Private Equity Africa Awards which celebrate the achievements of Africa’s top General Partners (GPs) and advisors in 2014.

What are Africa’s pension funds investing into?

African pension funds in 10 countries already have $379 billion in assets under management and continue to grow. Are there enough opportunities for them to deploy these investment resources most productively?

Private Equity Africa ranks top 10 deals in 2014

Leading website and magazine Private Equity Africa lists the top 10 Africa private equity deals from 2014, with data from Preqin. Top are two telecoms tower deals – Helios leading $630m into Helios Towers and ECP leading $490m into IHS.

Abraaj makes its first private-equity exit in Angola

Private-equity investor The Abraaj Group made its first exit in Angola, exiting its investment in Fibrex which manufactures high-density polyethylene (HDPE) and other low-pressure plastic pipe products used in construction.

Tunis Stock Exchange IPO is largest listing

The listing of Société d’Articles Hygiéniques (SAH), on the Tunis Stock Exchange on 9 Jan after a private placement and an oversubscribed initial public offer (IPO) is the largest listing on the Tunis bourse, valuing the company at $163.5 million.

Citadel Capital to issue $528m shares

Shareholders of leading investment company Citadel Capital have voted recently to allow the company, which says it has US$ 9.5 billion in investments under control, to boost capital by EGP 3.64 billion capital increase as part of major restructuring.