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Ethos Private Equity Current News
Raising capital for African private equity funds has never been easy, but global investors’ desire to find growth could be changing all that. Last year $964 million was raised for private equity funds in Sub-Saharan Africa. This was a sharp drop from the record $2.24 billion raised in 2008, according to Emerging Markets Private Equity Association figures, but the numbers are back up once more.
This Special Edition of the EMPEA Insight Series offers the most detailed look yet into Private Equity in Sub-Saharan Africa, including analytics on fundraising, investment and exits as well as profiles of key individual markets
Since 1994, South African government policies, fostering the creation of a more diversified economy and the introduction of black people into the mainstream of the economy have assisted in the creation of an emerging black consumer.
Absa Capital, the investment banking division of Absa Bank, announced on Monday it has arranged the largest listed high-yield bond ever issued in the local market worth R750 million.
Ethos Private Equity, the 26-year old firm that has staked a claim as one of South Africa’s major players, has come to view the country as a gateway into other sub-Saharan African countries.
The growth of middle class throughout sub-Saharan Africa has presented private equity firms with a vast and compelling opportunity for investment. But to access the budding middle classes in countries such as Kenya and Nigeria, businesses including some private equity firms have set up bases in South Africa which has become the gateway to the sub-Saharan regions, says Ethos Private Equity.
Private equity is not that private anymore. There sweeping demand from retail investors, typically but not exclusively wealthy clients, to diversity into private equity. It’s fast being seen as the fifth asset class alongside equities, bonds cash and property. At the same time some investment houses are trying to make private equity investments more accessible to retail clients.
Ethos Private Equity has appointed former banker Peter Mageza as non-executive chairman, replacing Fred Phaswana.
Ethos Private Equity celebrated its 25th anniversary at an elegant function in Houghton last night and announced the appointment of new non-executive chairman, Peter Mageza, who is replacing Fred Phaswana.
The principle of active value management is a cornerstone of private equity and a key industry differentiator, coupled with long term investment horizons and superior incentive structures.
The World Moves from 0.4 SMS Messages Sent Monthly in 1995 to an Astounding 1.5 Trillion Sent in 2009
A key player in the creation of the incredibly active and growing SMS messaging 'text generation,' Clickatell is commemorating its 10-year anniversary with coverage of 820+ global carriers, 12,000+ customers, the largest SMS application developer community, and ability to(reach an astounding 4 billion+ people around the world.
Only for the bravest put their signature to billion rand deals last year. Whereas deals worth R26,1bn were done during the giddy days of 2007,last year the value of all deals fell to R7bn – a respectable enough figure in a choking market .the largest deal last year was the R1,9bn purchase of rand Uranium by Pamodzi Resources Fund (PRF),in conjunctions with the first Reserve but says (PRF)’s Gerad Kemp it wasn’t easy to nail down “we started putting the deal together in 2008 ,and then the crisis happened ,So we had a few moments of uncertainty
If the latter part of the past decade had a turbulent wave of private equity investment shake-up of SA’s corporate landscape, then 2009 was a return to calmer waters. Rather like a dip in the Mediterranean, there were pretty much no waves whatsoever last year. The good part is that no one drowned amid a global undercurrent as vicious as any experienced in the history of SA private equity.
The smart money says SA s Private equity industry will be out of intensive care by the end of the year .And the smartest guys in the room believe it will be stronger as it recovers from the flu it contracted during the global credit crunch.”Private equity should end up in a better space relative to the market because managers will end up actively managing their portfolio to a greater extent “says Old Mutual head of private equity Mark Gevers.”
It’s official: private equity really is the best – and most caring – business model in SA. Long vilified as Machiavellian corporate raiders intent only on slashing companies to ribbons while laying off staff, private equity has had to rail against such perceptions for years.
Clickatell, provider of high-value mobile messaging, is honoured to announce that Global Telecoms Business (gtb) has named Clickatell founder and CEO, Pieter de Villiers, as one of its esteemed “40 Under 40” executives who will likely “run the telecoms industry in 2020”. Sponsored by KPMG, gtb's March/April issue features the 40 people, which also includes executives from BT, AT&T, Google, GSMA, Alcatel-Lucent, HP, Vodafone, and more.
THE global private equity sector bounced back strongly in the second half of last year, according to a new report from professional services firm Ernst & Young — but a strong uptick in SA could still be several months away.
Private equity in sub- Saharan Africa is expected to make a strong comeback next year, according to a new study released by KPMG yesterday.
The third annual South African Congress organized by unquote“ in association with the South African Venture Capital and Private Equity Association (SAVCA) was held at Cape Town‘s Table Bay Hotel on 11 February. The event was again a complete sell out attracting close to 300 delegates and 13 sponsors, led by the events principal supporters, Brait and Ethos.
Suid-Afrika het die einde van die mega-transaksies (transaksies wat groter as $1 miljard is) gesien wat in 2007 beleef is. Kaapstad. - Die private-ekwiteitsbedryf was hier op die jaarlikse unquote -konferensie vir die Suid-Afrikaanse bedryf dit eens dat 2009 ’n baie moeilike jaar vir plaaslike spelers was.
At the yearly Unquote Conference for the private equity industry, all in this industry agreed that 2009 was a very difficult year for local players. Mr Stuart MacKenzie, a partner of Ethos, said the “feast meals of cheap debt” which led to the international crisis, also led to a sharp increase in transactions in 2007 in SA
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