February 2016 

ACA seals investment in Continental Reinsurance



AFC increases stake in Cabeolica




AfricInvest announces FCFT first close



Investec successfully closes second fund 



OMAI buys stake in MoreCorp

African Capital Alliance (ACA) announced the acquisition of a 49% stake in Continental Reinsurance, a Pan-African service reinsurer with operations across 43 countries. Read more»


Africa Finance Corporation
(AFC) announced an increase in its stake in Cabeolica Wind Farm, the first privately-financed sustainable wind farm on a commercial scale in sub-Saharan Africa. Read more»


AfricInvest announced the first close of Fonds de Co-Localisation Franco-Tunisien (FCFT), a co-managed French-Tunisian fund focused on SME financing. Read more»


Investec Asset Management (Investec) announced the successful close of Investec Africa Private Equity Fund II at US$295mn. Read more»


Old Mutual Alternative Investments (OMAI) announced its purchase of a 70% stake in MoreCorp, a leisure and sports retailer. Read more»

Welcome New AVCA Members

Ajumogobia & Okeke
Bpifrance Investissement
Cepheus Capital
Fonds Souverain D’Investissement
Templars

To learn more about AVCA and how AVCA can support your firm, contact memberservices@avca-africa.org.

AVCA News

Publication: 
2016 African Private Equity Data Tracker 


AVCA is pleased to announce the publication of the 2016 African Private Equity Data Tracker. The Tracker draws on data from AVCA’s proprietary private equity (PE) database and provides insights into key trends in PE investment and fundraising in Africa. The report can be accessed by clicking here.

For more information, please contact memberservices@avca-africa.org.



CNBC Talks to AVCA on Outlook for Africa PE


AVCA’s Head of Research, Dr. Dorothy Kelso discussed the growing appetite for private equity funds in Africa. Despite the increasingly volatile global economic environment, AVCA’s recent 2016 African Private Equity Data Tracker shows that the total value of private equity funds on the continent rose from US$1.9bn in 2014 to US$4.3bn in 2015. Dr. Kelso was joined by AVCA members Danladi Verheijen, Managing Director, Verod Capital and Alex-Handrah Aime, Managing Director, Emerging Capital Partners. The full interview can be accessed by clicking here.


AVCA Trains Nigerian PFA Trustees 


AVCA’s Dr. Ponmile Osibo facilitated, alongside CDC Group and African Capital Alliance, a training workshop on private equity.The two-day workshop, held in Abuja, Nigeria, was organised by the National Pension Commission (PenCom) for the investment board committees of Nigerian Pension Fund Administrators (PFAs) and Closed Pension Fund Administrators (CPFAs).



AVCA Connect Event


AVCA and Udo Udoma & Belo-Osagie (UUBO) hosted networking cocktails for AVCA members in Lagos, Nigeria. Special thanks to the UUBO team for sponsoring this event.  

AVCA Member Spotlight

This month, we talked with AVCA member Centum Investment Company Limited, about their expertise in private equity in Africa.

Centum Investment Company Limited


“Our current strategy aims to develop at least US$1.2bn worth of extraordinary enterprises for investors in East Africa by 2019, with Kenya as our main focus."

Fred Murimi
Director
Centum Investments
Read the profile here»

Industry News

Amadeus leads US$40mn investment round in Travelstart
Amwal AlKhaleej sells stake in Sarwa Capital
Enko Capital reaches final close at US$83mn
Goodwell Investments acquires stake in Musoni Services
Grosvenor Group makes first sub-Saharan Africa commitment
RMB Westport hits first close of African RE fund at US$250mn
Satya Capital acquires stake in Mozambique supermarket chain
Seven Energy secures US$100mn of additional equity capital
Synergy Capital backs Africa Terminals
XSML achieves first close of African Rivers Fund 
 

Industry Events

Job Board

Client Services Accountant

Augentius is looking for a Client Services Accountant to manage designated private equity or real estate clients. Augentius is an independent administrator that services over 10,000 global investors and is responsible for 373 funds.

Find out more»

Investment Associate

Enko Capital is looking to recruit an Investment Associate for its private equity activities. Enko Capital is the investment manager of the Enko Africa Private Equity Fund (EAPEF), a Pan-African private equity fund.

Find out more»

Investment Analyst

Enko Capital is looking to recruit an Investment Analyst for its private equity activities. Enko Capital is the investment manager of the Enko Africa Private Equity Fund (EAPEF), a Pan-African private equity fund.


Find out more»