DPI private equity fund raises $400m

A leading African private equity house Development Partners International (DPI) has reached the first close of its second pan-African African Development Partners II (ADP II) fund at over $400 million.

Innovative structure for $94m fund for health innovations

Merchant bank Lion’s Head is moving fast forward with the Global Health Investment Fund to invest in and advance late-stage drugs, vaccines and other global health technologies, aiming to impact poorest countries while winning financial returns in developed markets. It has attracted $94m in commitments and top global backing.

How to win big returns in African private equity

Africa’s private equity firms have been finding great ways to realize value, fuelling and profiting from the continent’s soaring growth, but also helping Africa’s markets become more pan-regional and scoring successes by working closely with management teams to create value at investee companies.

Africa is top investment destination for private equity

Global institutional investors (“Limited Partners”/LP) have selected Sub-Saharan Africa (SSA) as the most attractive investment region for private equity, according to research from the Emerging Markets Private Equity Association (EMPEA).

Winners announced for Private Equity Africa Awards in London

It was great to be part of the inaugural Private Equity Africa Awards, organized by the excellent team. According to them, the accolades are the first to focus only on Africa’s private equity industry. Helios and Citadel won the most awards. The evening concluded a day-long LP (limited partners) summit on 14 June 2012.

Private Equity Africa – analysis of deals and trends 2011 and looking forward to 2012

Learn from private equity fund-raising and deal trends of 2011 and look forward to the rest of 2012 with top private equity managers and a leading Africa economist at the Private Equity Africa evening seminar in London on 14 March. Entry deadline 31 March is also fast approaching for the Private Equity Africa awards, in association with the Coller Institute of Private Equity at London School of Business.

Abraaj Capital acquired Aureos Capital

Abraaj Capital, a leading private equity manager investing into Africa, Middle East, Asia and Turkey, recently announced the acquisition of Aureos Capital, a global private equity fund management group investing in small and medium-sized enterprises across Asia, Africa and Latin America.

IFC invests in Côte d’Ivoire’s mining through Sama Resources

The International Finance Corporation (IFC), a member of the World Bank Group, on 20 Dec agreed to invest CAD1,250,000 in nickel and copper exploration through Sama Resources Inc, which will use the funds to advance the Samapleu project in eastern Côte d’Ivoire, near the border with Guinea.

InReturn Capital invests in Kenya’s Eagle Eye Laser Centre

East African venture capital firm InReturn Capital has entered a partnership with Hurlingham Eye Care Services group (HECS). InReturn Capital is an impact investing company which aims to generate positive social impact and profits by investing in small and medium enterprises (SMEs) in East Africa.

African Venture Capital Association (AVCA) to provide PE data

The African Venture Capital Association and Cambridge Associates are to work together to provide extensive, independent aggregate African private equity and venture capital benchmark data and statistics to AVCA members and other industry participants.