Topics: Fundraising

Abraaj Group’s $1.4bn Funds Shows Strength in African Private Equity

Abraaj Group’s $1.4bn Funds Shows Strength in ...

  Abraaj Group announced big news at the start of the week, as it closed its latest private equity fund. The North Africa focused fund managed to raise $375 million in investments. Together with its previous sub-Saharan focused fund, closed in April, Abraaj Group is set to invest nearly $1.4 billion more in the continent.   The Newest Fund   [...]

Experts: Private Equity Has More Growth Potential in the Middle East 

Experts: Private Equity Has More Growth Potential in...

Experts believe appetite for private equity remains strong in the Middle East and North Africa and believe the private equity industry in the region is ripe for further growth. But analysts also told in the recent debate that the region’s private equity industry still has some room for improvement in terms of financial reporting and transparency.   The ICAEW Debate [...]

Kellogg is Challenging Abraaj Investment Management Over Bisco Misr

Kellogg is Challenging Abraaj Investment Management ...

The global business scene is used to heated competition and bidding wars over mergers and acquisitions is an everyday reality. One of the most heated competitions currently going on is the bidding war over Egyptian cake and biscuit maker Bisco Misr, with the US food giant Kellogg competing against the UAE-based private equity firm Abraaj Investment Management.   Abraaj Nearly [...]

Is Private Equity Interest In the Gulf Region Waning?

Is Private Equity Interest In the Gulf Region ...

The Gulf region has long been a growing market for private equity and financial advisers around the globe have flocked to the region. But a recent Insight Discovery report shows that the scene might be changing, as more financial advisers are planning to leave the region.   According to the report, only 57% of the advisers in the region feel [...]

New Signs of Life in Fundraising in Africa

New Signs of Life in Fundraising in Africa

Although the continent is going through difficult time with Ebola crisis, the investors in Africa are remaining positive. Sunday saw reports of the biggest fundraising effort since the start of the 2008 financial crisis, as IHS announced it has raised $2.6bn in equity and debt.   The Nigeria-based telecoms infrastructure group announced that is going to raise $2bn in equity. [...]

Should African Pensions be Looking Closer at Private Equity?

Should African Pensions be Looking Closer at Private...

While the private equity community generally regards Africa as being the future jewel in the crown of the marketplace, the financial sector native to the continent has yet to fully embrace it. The Financial Times is currently running an extended feature looking at this.   One of the biggest trends with current African investment is that much of the money [...]

Quick Growing Mid-Market in Sub-Saharan Africa Drives PE Fundraising

Quick Growing Mid-Market in Sub-Saharan Africa ...

There are a good number of mid-size companies in Sub Saharan Africa, a region that counts 75 countries, growing at a rapid pace, according to an interview with a Carlyle executive in FN, who highlighted Export Trading, which has been growing above 35% per annum over the last four years, and J&J Transport, which has also been growing at around [...]

BRIC’s Losing Share as PE Investors Look Elsewhere

BRIC’s Losing Share as PE Investors Look Elsewhere

The popularity of the BRIC countries within the private equity (PE) marketplace in recent years has been well documented. Brazil, Russia, India and China have enjoyed well over a decade of having the status of one of the countries to invest in if you’re looking for high returns.   However, with each of these four countries facing its own individual [...]

Where Will PE Funds Invest Their Cash Holdings?

Where Will PE Funds Invest Their Cash Holdings?

We recently looked at the level of private equity (PE) capital that had not been invested in 2013. Although reported figures from Thomson Reuters and the UK Financial Times have the “dry powder” at a value approaching $800billion, within the PE marketplace analysts and commentators are talking of a “real” figure being nearer to $1trillion.   While fundraising has picked [...]

Carlyle Fundraising for African PE

Carlyle Fundraising for African PE

Africa is attracting more big name PE investors, joining groups like 8Mile and Helios. It was announced this week that fundraising is underway by Carlyle for a USD500 million, sub-Saharan fund, according to MarketWatch. In a related article in Financial News it was reported that Carlyle expects a first close within the next few months.   The interest in Africa [...]

Where to Find Outperformance

Where to Find Outperformance

The performance of indexes of VC and PE funds are the topic of a commentary published by Cambridge Associates LLC  this week. It caught our eye because the information was a bit counter-intuitive, specifically that developed regions outside the US, including Europe, earned “solid returns” over the past two quarters (it should be noted that non-US returns were aided by [...]