June 25th, 2018
The  weekly roundup of Africa's Private Capital news

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Welcome to the latest weekly wrap of the most interesting Africa-related private equity, infrastructure and venture capital deal stories, market opinion articles and information pieces. 

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This week's issue supported by...             
RMB Corvest - Chart
Deals News...
Private Equity
Abraaj sells group of funds to Colony Capital
Colony Capital has agreed to buy The Abraaj Group's African, Latin American and Turkey Funds management business.

Los Angeles-based Colony Capital agrees to acquire a group of Abraaj's funds, including the private equity investor's North African and Sub-Saharan funds.
Private Equity
IFC, TLcom and others consider Twiga Foods deal
The IFC, TLcom Capital and a group of investors are mulling a deal in Kenya's Twiga Foods.
Funds & Fundraising...
Private Equity
Climate Fund Managers holds third close for global fund
Climate Fund Managers have added three new LPs to Climate Investor One's roster of investors, helping to achieve a third close for the global climate fund last week.
Trade FInance
GML Capital and TDB to launch new Trade Finance Fund
GML Capital and the Eastern and Southern African Trade Development Bank or TDB are teaming up to launch a significant open-ended trade and loan fund.
Private Equity
Nordic Horn of Africa Impact Fund launched for Somalia
Norfund, Shuraako and IFU, the Danish DFI, have launched a new impact fund for Somalia.
This week's issue supported by...             
Projects & Portfolio Companies...
Private Equity
Eaton Towers postpones planned IPO
Sources tell Bloomberg that Eaton Towers, which is partly owned by Ethos Private Equity, has decided to postpone a planned IPO, possibly until next year.
Sectors, Trends & Perspectives...
Partner Content
Still wanted: smart, strategic private equity deals
T he past three years have reset benchmarks in private equity and debt markets. Whereas there was previously far more "easy" money to be had says RMB Corvest the economic downturn has brought with it an increasingly realistic and sober approach to investment, and an appreciation that one can no longer expect to  achieve  the same level of gearing.
Trends
Driving private equity infrastructure deals in Africa
Between 2012 and 2017, the African Venture Capital and Private Equity Association tracked 97 private equity infrastructure deals worth some $12.1 billion in Africa.
Strategies
Naspers planning to step up tech investments
According to Reuters, Naspers is planning to put its $8.2 billion war chest to work and step up growth in its e-commerce ventures.
Perspectives
Global Investors should follow China's example in Africa
In a piece for the Financial Times, Investec's Co-CEO Hendrik du Toit discusses the ways global investors can follow China's investment example and help shift the financing narrative in Africa.
Companies, People & Profiles...
People
Norfund appoints new CEO
Norfund has ended its search for a new CEO following Kjell Roland's resignation in March this year.
People
Pullen fills new EMEA alternatives role for State Street
State Street has appointed Geoff Pullen to the newly-created position of Managing Director, Alternatives for EMEA.
Current Job Postings...
Highlighted job...             
Chief Operating Officer at Cauris Management  // caurismanagement.com
Based in Abidjan, Cote d'Ivoire
Investment Director at Cauris Management  // caurismanagement.com
Based in Abidjan, Cote d'Ivoire
Investment Director at Amethis Finance  // amethisfinance.com
Based in Casablanca, Morocco
Investment Executive, Impact Funds, Intermediated Equity at CDC  // cdcgroup.com
Based in London, United Kingdom
New this week...
Manager, Transacton Services at Deloitte 
// deloitte.com
Based in Johannesburg, South Africa
New this week...
Manager, Valuations at Deloitte 
// deloitte.com
Based in Johannesburg, South Africa
New this week...
Executive, Development Impact, Financial Institutions at CDC  // cdcgroup.com
Based in London, United Kingdom
Associate at Cauris Management  // caurismanagement.com
Based in Abidjan, Cote d'Ivoire
Upcoming Conferences...
Highlighted Event...             
SuperReturn Africa 
Cape Town, November 5th to November 7th, 2018
2nd Namibia Renewable Energy & Power Infra Investors 
Windhoek, July 5th, 2018
TMT Finance Africa 2018 
London, September 19th, 2018
Regional Energy Cooperation Summit 
Accra, September 26th to September 28th, 2018
New this week...
Bonds, Loans and Sukuk East Africa 
Nairobi, October 2nd, 2018
New this week...
Bonds, Loans and Sukuk Nigeria 
Lagos, November 6th, 2018
New this week...
Project, ECA & Structured Finance Middle East and Africa 
Dubai, November 6th to November 7th, 2018
Africa Renewable Energy Forum 
Marrakech, November 15th to November 16th, 2018
Gas Options: North & West Africa Summit 
Marrakech, November 15th to November 16th, 2018
International Gas Cooperation Summit 
Durban, December 4th to December 5th, 2018
And finally...
We hope you found the digest to be a useful summary of the major happenings in Africa's private capital markets last week.  We'd love it if you shared it with colleagues and business partners.  They can sign up for a free trial, for the moment,  here.  

Best wishes for a productive week - if you have any tips, suggestions, questions or comments, please get in touch.

All the best,
 
- Allan
 
Allan Cunningham
Editor & Publisher
AfCD | Africa Capital Digest

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