avca 2014/2015 member directory · 8 adlevo capital 15a idejo street p.o. box 70597 victoria island...

1

AVCA 2014/2015 Member Directory

1

About AVCAAVCA: Championing private investment in Africa

At the African Private Equity and Venture Capital Association, our mission is to promote, develop and stimulate private equity and venture capital investment in Africa.

Our members span a diverse range of private equity and venture capital firms, institutional investors, foundations and endowments, international development institutions, professional service firms and academic institutions. Yet within this diversity, AVCA brings together a common purpose: a desire to be part of the African private equity and venture capital growth story.

Key to achieving our mission is a focus on excellence. We promote the highest ethical standards in governance and transparency, and seek to enhance the industry’s professionalism through the provision of training to our members. Our regular networking events offer further, unrivalled opportunities for members to share best practice, exchange ideas and uncover new opportunities. In addition, we gather and initiate ground-breaking intelligence and thought leadership on the industry.

Gain the unparalleled insight into the African private equity landscape with access to AVCA’s primary research, analysis and tools including:

• African Private Equity Data Tracker

• Regional Spotlights on Private Equity in Africa

• Global Limited Partner Survey

• Private Equity Exits in Africa in collaboration with EY

• AVCA’s Guide to PE in Africa

• Member-only Legal & Regulatory Country Guides

• Monthly Industry Newsletter

• Member-only access to the AVCA Research Desk for bespoke requests

Our organisation is focused on the African market with a team drawn from a range of backgrounds that reflect the continent’s diversity. Together with a network of experts and collaborators across Africa and beyond, we represent the voice of the industry in discussions with governments, regulators, lawmakers and the media.

AVCA – championing private sector investment today for a larger, stronger private equity and venture capital industry tomorrow.

For more information AVCA and our membership benefits, please visit www.avca-africa.org.

Contact AVCA

The Banking Hall, Cropthorne Court, 26 Maida Vale, London W9 1RS

W: www.avca-africa.org C: www.avcaconference.com E: [email protected]

2

Letter from the CEO

Welcome to the African Private Equity and Venture Capital Association’s (AVCA) 2014/2015 Member Directory. This Member Directory profiles AVCA members who comprise African and global fund managers, investors, foundations, consultants, legal advisers, and other service providers working in and developing the private equity and venture capital industry in Africa.

Private Equity in Africa is at a tipping point. Recent growth in fundraising figures has sparked optimism amongst the global investment community. Our industry is beginning to see an influx of new players from institutional investors exploring Africa for the first time, to established private equity firms increasing their operations on the continent.

For those of us who have been championing private investment in Africa for over a decade, the increased interest into our asset class is reassuring, confirming the great strides we’ve made in educating the wider business community about Africa’s potential to deliver growth and significant returns. Activity within the sector shows no sign of slowing with a record number of transactions recorded over the past five years as revealed in our 2014 African Private Equity Tracker. Deal value is also on the rise, with a number of transactions in 2014 reaching US$500mn and above. These trends re-affirm the opportunities that Africa has to offer within its diverse terrain.

As many of our members engage in international fundraising and investment activities, AVCA provides support through various avenues. Our research, dedicated industry events, education and training, and advocacy initiatives strive to reflect the state of the industry and provide unparalleled insight into the investment landscape.

In our capacity as the dedicated industry body, AVCA continuously and actively engages with stakeholders on a range of matters that influence private equity and venture capital in the continent. Our aim is to showcase private equity in Africa as an exciting opportunity for investors, promoting innovation and enterprise which contributes towards much-needed job creation, skills development and sustainable economic growth.

We look forward to supporting you further and thank you for your contribution.

Michelle Kathryn Essomé Chief Executive Officer AVCA

4

05General Partners

85Direct Investors

131Associations

60Institutional Investors

93Financial Institutions

78Third Party Fund Managers

96Professional Services Firms

Contents

5

General Partners

6

Actis Africa 2 More London RiversideLondon SE1 2JT United Kingdom

+44 207 234 5000

www.act.is

Key Personnel Contacts

John Van Wyk Partner and Head of Africa

Adiba Ighodaro Partner, Investor Development Group

Actis is an emerging markets private equity firm which has more than 60 years of experience and an unrivalled on-the-ground presence across Africa. With US$7.6bn managed by over 100 investment professionals we put our investors’ capital to work in c. 70 companies in total employing over 114,000 people. We have invested US$4.0bn in the emerging markets and realised US$2.2bn from US$867mn cash invested since Actis was established in 2004. We invest in response to two trends: rising domestic consumption driven by the rapid expansion of the new consumer class, and the need for sustained investment in domestic infrastructure; education, energy, financial institutions, healthcare and real estate.

GENERAL PARTNER

Number of African focused funds

4

Global FUM US$5.2bn*

Africa FUM US$1.6bn*

Investment Range US$50mn - US$250mn

Geographic Focus Pan-African

Sector Focus Consumer, Energy, Financial Services, Healthcare, Industrials, Real Estate

* As of July 2015

7

GENERAL PARTNER

Adenia Partners 4th floor, Harbour Front BuildingPresident John Kennedy StreetPort LouisMauritius

+230 213 8190

www.adenia.com


Antoine Delaporte Founder and Managing Director

Christophe Scalbert Investment Manager

Adenia Partners is a private equity management firm investing in Sub-Saharan Africa since 2002. The company has maintained the same strategy since its foundation, focusing on control buy-out and growth capital investments in attractive mid-sized businesses exhibiting strong potential for operational improvement.

The firm has a differentiated approach as regards to asset selection, hands-on engagement, and exit strategy, which has led to substantial value creation and numerous liquidity events. Adenia manages US$200mn of assets and is currently finalising the deployment of its third fund.

The team is based in 4 African countries with offices in Ghana, Ivory Coast, Madagascar and Mauritius.


3

Africa FUM US$200mn


Geographic Focus Sub-Saharan Africa

Sector Focus Agribusiness, Business Services, Financial Services, Hospitality, Information and Communications Technology, Manufacturing, Telecommunications

8

Adlevo Capital 15A Idejo StreetP.O. Box 70597Victoria IslandLagosNigeria

+234 1 454 1218

www.adlevocapital.com

Key Personnel Contact

Folabi Esan Partner

Greg Voigt Advisor

Adlevo Capital is the first private equity firm focused on investments into technology-enabled companies across sub-Saharan Africa. We are a Mauritius-based private equity fund manager founded on the belief that meaningful development in sub-Saharan Africa will be driven by the application of technology to business processes across all sectors.

GENERAL PARTNER


1

Africa FUM US$42mn

Investment Range US$2mn – US$6mn


Sector Focus Technology

9

GENERAL PARTNER

AFIG Funds 83 boulevard de la RépubliqueImmeuble HorizonsDakarSenegal

+221 33 865 0515

www.afigfunds.com


Papa Madiaw Ndiaye Chief Executive Officer

Patrice Backer Chief Operating Officer

Stephane Lebouder Director

AFIG Funds is a Dakar based private equity fund management company founded in 2005 by Papa Madiaw Ndiaye. AFIG Funds’ regional presence places it at the heart of its markets, and allows it to identify opportunities in the region while closely monitoring its portfolio companies. AFIG Funds’ maiden fund is the Atlantic Coast Regional Fund with US$122mn in commitments.

AFIG Funds applies the lessons learned from prior experiences in Africa, the Emerging Markets, and Wall Street. Our vision is based on the observation that:

• African entrepreneurs have the potential to be regional “blue chips” when provided with equity capital and best practice advice;

• West and Central Africa regions, and particularly Francophone countries, are attractive targets for PE, especially given improvement in political climate and accelerating regional integration.

To reach these objectives, AFIG Funds has put together a multicultural team with a majority of Africans who have deep local knowledge to uncover attractive proprietary opportunities in the frontier markets of Africa.


1

Africa FUM US$122mn


Geographic Focus Central Africa, East Africa, West Africa

Sector Focus Agribusiness, Consumer, Financial Services, Healthcare, Real Estate

10

African Capital Alliance Capital Alliance Nigeria Limited8th Floor, C & C TowersPlot 1684, Sanusi Fafunwa StreetVictoria IslandLagosNigeria

+234 1 277 7000

www.acagp.com


Okechukwu Enelamah Chief Executive Officer

Kikelomo Longe Head of Investor Relations

African Capital Alliance (ACA) is a leading private equity firm focused on providing growth capital to companies in Nigeria and the Gulf of Guinea region. Founded in 1997, ACA has to date raised over US$1bn in managed funds.

ACA has a proven track record of successfully exiting investments and delivering strong returns to investors. The firm has strong on-ground presence in its markets with deep rooted networks across its target sectors.

GENERAL PARTNER


5

Africa FUM US$1.1bn


Geographic Focus Gulf of Guinea

Sector Focus Agribusiness, Business Services, Consumer Goods, Electric Power, Financial Services, FMCG, Media, Oil and Gas, Real Estate, Technology, Telecommunications

11

GENERAL PARTNER

African Infrastructure Investment Managers Colinton House, The OvalOakdale Road, NewlandsCape TownSouth Africa

+27 21 670 1234

www.aiimafrica.com


Jurie Swart Chief Executive Officer

Michelle de Power Strategic Initiatives

The Funds managed and advised by African Infrastructure Investment Managers (AIIM) are designed to invest long-term institutional equity in African infrastructure projects. It has c. US$1.2bn of funds under management across five infrastructure funds and currently manages investments in East, West and Southern Africa.

AIIM has over 15 years’ experience managing investments across 19 portfolio companies in the renewable energy, power generation, transport, port logistics and telecommunications sectors. The depth of knowledge and experience within AIIM allows for the identification of quality investment opportunities and a disciplined approach to the investment and asset management processes, providing strategic, commercial, operational and financial expertise to infrastructure investment activities throughout Sub-Saharan Africa.


5

Africa FUM US$1.2bn*



Sector Focus Energy, Port Logistics, Telecommunications, Transport

* As at 31 December 2015

12

AfricInvest Group Immeuble IntegraCentre Urbain NordTunis 1082Tunisia

+216 71 189 800

www.africinvest.com


Ziad Oueslati Founding Partner

Ann Wyman Head of Investor Relations

AfricInvest Group was founded in 1994 and is today a leading private equity firm in North and sub-Saharan Africa with over US$1bn of assets under management and sponsored by prestigious DFIs, private and institutional investors.

AfricInvest Group relies on a team of 45 highly skilled investment professionals with over 160 years of cumulative PE experience, operating out of 6 offices in Tunis, Casablanca, Algiers, Lagos, Abidjan and Nairobi. The AfricInvest Group is the co-founder of the African Private Equity and Venture Capital Association.

GENERAL PARTNER


14

Africa FUM US$1bn

Investment Range US$500,000 - US$25mn*


Sector Focus Multi-sector

* Dependent on fund

13

GENERAL PARTNER

Agri-Vie Barinor’s Vineyard SouthThe Vineyards Office Estate99 Jip de Jager DriveBellville 7530South Africa

+27 21 913 5662

www.agrivie.com


Herman Marais Managing Partner

Izak Strauss Senior Partner

Avril Stassen Senior Partner

Agri-Vie is a private equity investment fund focused on SME food and agribusiness in Sub-Sahara Africa with a mission to generate an above average investment return, as well as demonstrable socio-economic development impacts through its equity investments in food and agri-businesses.


1

Africa FUM US$100mn



Sector Focus Agri-business, Food

14

Alitheia Capital 2nd floor (the UBA Building)22b, Idowu Taylor StreetVictoria IslandLagosNigeria

+234 1 462 7736 +234 1 462 7737 +234 1 279 9383 +234 1 279 9384

www.thealitheia.com


‘Tokunboh Ishmael Co-Founder and Managing Director

Mobola Onibonoje Investment Principal

Alitheia Capital is a professional investment and advisory firm that embodies the philosophy of true profit with a purpose. From building wealth through smart, financial expertise, to changing lives through entrepreneurial innovation, Alitheia Capital is dedicated to nurturing good investment opportunities that also do good. Alitheia provides high-performing investment solutions to a portfolio of clients that includes corporations, social investors, development finance institutions, foundations, private institutional investors and pension funds. Via our family of investment funds, Alitheia channels capital into a full-spectrum of small and growing businesses that address a business, social or environmental need.

GENERAL PARTNER


2

Africa FUM US$50mn

Investment Range US$500,000 - US$5mn

Geographic Focus West Africa

Sector Focus Multi-sector*

* Financial Inclusion, Women Owned/Led Businesses

15

GENERAL PARTNER

Amethis Finance 18 rue de Tilsitt75017 ParisFrance

+33 1 56 68 85 60

www.amethisfinance.com


Luc Rigouzzo Co-Founder and Managing Partner

Laurent Demey Co-Founder and Managing Partner

Amethis Finance is a financial institution dedicated to Sub-Saharan Africa, initiated in 2012 by Luc Rigouzzo and Laurent Demey, in partnership with the Compagnie Benjamin de Rothschild. Amethis Finance is a “one stop shop” providing all long-term financial instruments (long-term debt, equity and quasi equity investments), with high ESG standards.

Amethis has brought together a pool of 55 private investors from Europe and America, many of whom access Africa for the first time.

With a successful final close of its first fund in June 2014, Amethis stands with an investment capacity of EUR280mn in equity and US$150mn in debt.

After two years and half of operations Amethis has already disbursed over 60% of its equity commitments.


1

Africa FUM US$460mn


Geographic Focus Cameroon, Ghana, Ethiopia, Ivory Coast, Kenya, Mauritius, Mozambique, Nigeria, Rwanda, Senegal, Tanzania, Uganda, Zambia

Sector Focus Agri-business, Financial Services, FMCG, Retail

16

Àrgentil Capital Partners 10th Floor, The Octagon13A, A.J. Marinho DriveVictoria IslandLagosNigeria

+234 1460 3370 +234 1460 3371

www.argentilcp.com


Gbenga Hassan Managing Director

Àrgentil Capital Partners is licensed by the Securities and Exchange Commission of Nigeria, and has significant years of experience in advisory, principal investing and private equity investments in energy and infrastructure spanning various markets in Africa, Europe and North America.

Àrgentil Capital Management Ltd (“ACML”) was established by the shareholders of Àrgentil Capital Partners Ltd to sponsor the US$200mn Àrgentil Energy Investment Fund (AEIF). ACML is raising capital to invest in the energy and related infrastructure sector in West and Central Africa with an immediate focus on Ghana, Liberia, Nigeria, and Sierra Leone. AEIF will invest in midsize energy companies and projects operating across the energy value chain, including gas monetisation, power plants, near term producing oil and gas assets, service companies, downstream storage and related infrastructure.

GENERAL PARTNER


1

Africa FUM US$20mn

Geographic Focus Ghana, Liberia, Nigeria, Sierra Leone*

Sector Focus Consumer Goods, Energy and Related Infrastructure (AEIF), Logistics and Real Estate (PIP)

* Opportunistic in other West and Central African countries

17

GENERAL PARTNER

Capri Africa Limited 895 N. Michigan AvenueSuite 3430 ChicagoIllinois 60611United States

+1 312 335 2603 +1 312 401 1878

www.capri.global


Paul Edwards

President and Chief Executive Officer

Natasha Mutai Managing Director and Region Head, Southern and East Africa

Kofi Asomaning Managing Director and Region Head, West Africa

Capri Africa Limited aims to invest in real estate and in control-oriented equity and equity-related investments, in the assets of companies that own, control, operate, manage or support operating assets across selected real estate asset classes in targeted Sub-Saharan African countries.


2

Africa FUM US$3.6mn*


Geographic Focus Angola, Ghana, Kenya, Nigeria, Tanzania, Uganda, Zambia

Sector Focus Real Estate

* By Securities and Exchange Commission Affiliate - Capri Capital Partners, LLC as of March 31, 2015

18

Catalyst Principal Partners Delta Riverside Office Park3rd Floor, Block 2Riverside DriveP O Box 1858-00606NairobiKenya

+254 20 429 6100

www.catalystprincipal.com


Paul Kavuma Chief Executive Officer

Catalyst Principal Partners is a fundamentals driven private equity fund manager specializing in sourcing, structuring and managing investments in dynamic companies to achieve medium to long-term capital appreciation.

Established in 2009 as an Eastern African focused private equity firm manager, Catalyst brings together a highly experienced team of seasoned investment professionals with a depth of regional and international credentials and expertise of private equity investing in Africa and across emerging markets.

With its depth of experience in investment management, financial advisory, management consulting and strategic planning across a diversity of sectors, Catalyst has substantial capability to proactively provide strategic and operational input to its investee companies.

Catalyst also leverages its extensive global network of credible co-investors, industry experts and management resources to add significant value to its investments, thereby driving superior results and portfolio performance.

Catalyst and its investee companies abide by international standards of integrity, governance, environmental and social responsibility.

GENERAL PARTNER


1

Africa FUM US$125mn


Geographic Focus East Africa

Sector Focus Consumer, Industrial, Services

19

GENERAL PARTNER

Cauris Management BOAD Building68 Avenue de la Libération BP 1172 LoméTogo

+228 22 22 69 40

www.caurismanagement.com


Noël Yawo Eklo Chief Executive Officer

Cauris Management is the first regional private equity fund manager established in Franco-phone West Africa.

The team is comprised of a dozen experienced professionals, with a strong commitment to regional growth and development. We have an unparalleled knowledge of the regional economy and an extensive network in Africa and elsewhere. This allows us to adopt best international practices in terms of private equity fund management. Our track record remains the best guarantee of our experience and our commitment to support the growth and well-being of the West African region. We don’t only provide risk capital, but also ensure that portfolio companies benefit from our extensive business network. Our focus is primarily on SMEs in expansion phase but we can also back well-structured start-ups or restructuring plays.

Our investors are regional or international reputable financial institutions. They trust us because we can provide them with high returns, not only in financial terms but also in terms of impact on growth and development of our region. Our aim is twofold: to maximize returns on investment for our investors and to contribute significantly to the strengthening of the regional private sector.

20

CBO Capital Partners 6 Agoro Odiyan StreetOff Adeola Odeku StreetVictoria IslandLagosNigeria

+234 817 217 4300 +234 817 217 4302

www.cbocapital.com


Bekuochi Nwawudu Director

Chuka Mordi Director

African private equity has come of age. More managers are raising more money from more sources than ever before. We believe that the emerging reality is that firms and their capital sources need to be ‘on ground’ to originate and pro-actively add-value, particularly in the SME space.

As an asset class, it is relatively unique – private equity in Africa offers its practitioners and investors a rare opportunity to deliver solid financial returns and a positive economic impact. We are very excited about the evolution of the African private equity industry and we look forward to being an active part of its success.

GENERAL PARTNER


Fundraising


Sector Focus Agri-business and Food Processing, Energy Services, Forestry, Human Capital Development and Maintenance, Manufacturing Value Chain and Import Substitution Plays, Technology & Media, Real Estate Services

21

GENERAL PARTNER

Clifftop Colony Capital Partners Silverberg TerraceSteenberg Office Park7945 TokaiCape TownSouth Africa

+27 21 701 3999

www.clifftopcolony.com


Oliver Drews Chief Executive Officer

Prem Trojan Chief Operating Officer

Clifftop Colony Capital Partners is an independent principal investment advisory firm focused on emerging business in emerging Africa. We invest and raise capital for venture stage companies with a strong pan-African appeal and advise on African expansion strategies, capital raising and M&A.


Sector Focus Applied Technology, Business Services, Engineering, Financial Services

22

Denham Capital 7th Floor Brettenham HouseLancaster PlaceLondon WC2E 7ENUnited Kingdom

+44 207 420 6700

www.denhamcapital.com


Scott G. Mackin Managing Partner and Co-President (Power)

Jens Thomassen Director (Power and Renewables)

Denham Capital builds businesses and establishes long term partnerships with entrepreneurs and companies who share our vision for growth and value creation. Our firm is built on a foundation of experience, fairness, economic rationale, flexibility and trust, and we bring these values into every opportunity we pursue.

We focus our investment activities around three sectors:• Power & Renewables• Oil & Gas• Metals & Minerals

Our success is driven by two key characteristics: operational know-how and financial expertise.

Our industry backgrounds provide insight into the challenges portfolio companies face, enabling us to serve as financial and strategic partners through the entire investment cycle. Working side by side, we create relationships rooted in operational excellence, based on trust, flexibility and collaboration. We form partnerships with our portfolio companies, and seek like-minded management teams to build businesses, not just assets.

These are the values that define us and create successes for our partners and our firm.

GENERAL PARTNER

Global FUM US$7.9bn

Africa FUM US$110mn


Sector Focus Metals and Minerals, Oil and Gas, Power and Renewables

23

GENERAL PARTNER

Development Partners International 2nd FloorJubilee House2 Jubilee PlaceLondon SW3 3TQ United Kingdom

+44 207 349 5030

www.dpi-llp.com


Runa Alam Co-Founding Partner and Chief Executive Officer

Clodagh Bourke Investor Relations and Marketing Manager

Development Partners International (DPI) is a US$1.1bn Africa-focused private equity firm that invests in companies benefiting from the fast-growing emerging middle class in Africa. Founded in 2007, DPI’s investment process combines rigorous analysis with comprehensive due diligence. The firm seeks out compelling investment opportunities and aims to obtain exclusive terms, rational pricing and strong influence. The investment philosophy places great importance on working closely with the funds’ portfolio companies to create value while looking for attractive exit opportunities throughout the funds’ investment period. Through its rich mix of complementary capabilities, regional “on the ground” knowledge and language skills, DPI is able to offer a detailed understanding of the operational and transactional issues of investing in the African continent. DPI currently advises two pan-African private equity funds, African Development Partners I and African Development Partners II.


2

Global FUM US$1.1bn




24

Eaglestone Advisory Ltd 48 Dover StreetLondon W1S 4FF United Kingdom

+44 207 038 6246

www.eaglestone.eu


Alan Apter Chief Financial Officer and Managing Director, Asset Management

Eaglestone Advisory Ltd (Eaglestone) has an asset management capability which is designed to raise and manage money from institutional and private investors. We are currently focusing on raising a Sub-Saharan Africa Infrastructure Fund with three investment compartments in Nigeria, Lusophone Africa and other Sub-Saharan African countries.

We are also active in sourcing real estate investments for clients where Eaglestone acts as local investment manager for the investments of such clients.

We also have a full scale advisory business, both M&A and equity and debt capital raising, with a strong focus on infrastructure projects but also real estate, oil and gas, mining, financial services, general industry, consumer goods/retail, telecom/technology and other business and consumer services.

Eaglestone has offices in Amsterdam, London, Lisbon, Lagos, Luanda, Maputo, Cape Town and Johannesburg.

GENERAL PARTNER

Geographic Focus Angola, Nigeria, Mozambique, South Africa, Francophone Africa

Sector Focus Infrastructure, Real Estate

25

GENERAL PARTNER

Emerging Capital Partners 1602 L StreetN.W. 6th FloorWashington DC 20036United States

+1 202 280 6200

www.ecpinvestments.com


Hurley Doddy Co-Chief Executive Officer and Founding Partner

Emerging Capital Partners is the first private equity group to raise more than US$2bn for investment in Africa. With over a decade of experience through 7 funds, over 60 investments, and over 30 exits, as well as 7 offices in Africa, we are a premier African private equity firm.


7

Africa FUM US$1bn+




26

Enko Capital Managers 1st Floor, Block B Kingsley Office Park85 Protea RoadChislehurstonSandton 2146JohannesburgSouth Africa

+27 11 783 0182

www.enkocapital.com


Cyrille Nkontchou Managing Partner

The Enko Africa Private Equity Fund Ltd (EAPEF) is focused on investing in mature businesses seeking expansion capital. Its primary focus is to invest in businesses that are suitable to be listed on local or regional stock exchanges within 3-4 years of EAPEF’s investment.

GENERAL PARTNER


1

Africa FUM US$48.2mn




27

GENERAL PARTNER

FBN Capital 16-18 Keffi StreetIkoyiLagosNigeria

+234 1 279 8300

www.fbncapital.com


Nkiru Adekoya Vice President and Head, Alternative Investments

Lolade Balogun Vice President and Head, Corporate Communications

FBN Capital is a full service investment bank and asset management company. FBN Capital is a subsidiary of FBN Holdings Plc, one of the strongest and most dependable financial groups in Africa, with significant financial capacity and a strong tradition of governance.

At FBN Capital we arrange finance, provide advice, administer assets, manage funds, sell investment products and invest alongside clients; and we provide these services through five key divisions:

• Investment Banking

• Markets

• Trust and Agency Services

• Asset Management

• Alternative Investments.

Africa FUM US$72mn



Sector Focus Hospitality, Information and Communications Technology, Oil and Gas

28

Fusion Capital ACK Garden HouseBlock A, Ground floor1st Ngong Avenue Off Bishops RoadP.O.Box 47538-00100NairobiKenya

+254 20 271 01 49 +254 20 271 01 53 +254 20 271 01 55

www.fusioncapitalafrica.com


Luke M. Kinoti Group Chief Executive Officer

Kenneth Muchina Director, Business Development and Investor Relations

Fusion Capital is a real estate developer and fund manager, designed around the needs of local mid-size businesses in East and Central Africa. We have operations in Kenya, Uganda, Rwanda and Tanzania. We have specializations in Real Estate, Private Equity, Money Markets and Listed Securities.

We invest in well-grounded ambition, to enable us delivering sound results for the firms we invest in as well as for our investors. Fusion is not only a source of finance to its clients, but also a source of ideas and strategic advice.

GENERAL PARTNER

Africa FUM US$25mn – US$75mn

Investment Range US$3mn+


Sector Focus Building & Supplies, Financial Services, Hospitality, Media, Manufacturing, Private Equity, Real Estate

29

GENERAL PARTNER

Global Environment Fund Fredman Towers – 3rd Floor13 Fredman DriveSandtonJohannesburgSouth Africa

+27 11 063 9000 +27 11 263 3360

www.globalenvironmentfund.com


Sulanji Siwale Managing Director, GEF Africa Growth Fund

George McPherson Managing Director, Investor Relations

Global Environment Fund (GEF) is a global alternative asset manager with approximately US$1bn in assets under management. Established in 1990, GEF has grown into one of the world’s most successful investment firms dedicated to the Resource Efficiency Value Chain (including clean energy, environmental, and natural resources sectors).

GEF’s mission is to be the premier alternative asset management firm in the domain of clean energy, environment, and natural resources by delivering favorable risk-adjusted investment returns to our investors over multiple vintage years and through varied macroeconomic climates.

GEF was founded on the principle that well-deployed capital can bring significant improvements to the environment and quality of life throughout the world, and GEF’s success is a testament to that vision. GEF also strives to live the values we expect to see in the world, holding ourselves and our portfolio companies to the highest standards of corporate governance, ethics, and sustainability.


2

Global FUM US$1bn

Africa FUM US$200mn



Sector Focus Real Assets – Forestry, Resource Efficiency Value Chain

30

Helios Investment Partners 2nd Floor 12 Charles II Street St. James’London SW1Y 4QUUnited Kingdom

+44 207 484 7700

www.heliosinvestment.com


Henry Obi Chief Operating Officer

Dabney Tonelli Investor Relations Partner

Helios Investment Partners (Helios) is an Africa-focused private investment firm bridging international capital and know-how to African talent and enterprise. The firm has built a record that spans creating start-ups to providing established companies with growth capital and expertise. One of the few independent pan-African private equity investment firms founded and led by Africans, Helios manages funds totalling US$3bn. Investors include leading endowments and foundations, global funds-of-funds, sovereign wealth funds, family offices, development finance institutions and high net worth individuals. Founded in 2004, Helios invests in new business formations, growth equity investments, leveraged acquisitions, and structured investments in listed companies, making investments of between US$30mn and US$200mn per transaction. The Helios team applies developed world investment tools to African business opportunities, taking a platform-building approach to portfolio development. Helios’ portfolio companies operate in more than 30 countries in all regions of the continent.

GENERAL PARTNER


4

Africa FUM US$3bn



31

GENERAL PARTNER

Injaro Investments Limited Don Levy House#225, 4th Dzorwulu CrescentAirport WestAccraGhana

+233 302 950 917

www.injaroinvestments.com


Jerry Parkes Co-Founding Partner and Chief Executive Officer

Dadié Tayoraud Co- Founding Partner and Chief Operating Officer

Established in 2009, Injaro Investments (“Injaro”) is a Ghana-based investment firm which focuses on SME investments in Africa. ‘Injaro’ derives from Kilimanjaro which in Swahili means ‘’Mountain of Greatness’’. Injaro believes in the greatness of the African entrepreneurial spirit and in the ability of Africa’s entrepreneurs to build successful businesses that make a difference in the lives of the communities in which they operate. Injaro aims to partner with management teams that embody this great entrepreneurial spirit to grow SMEs into profitable sustainable businesses.

The Injaro team is comprised of seasoned investment professionals with years of experience in principal investments, investment banking, management consulting, and agri-business. The team applies its local knowledge, world-class experience and an open-minded approach to dealing with the challenges of investing in African SMEs. Injaro’s investment approach centres on the provision of capital, business advice and capacity building to high potential SMEs to enable them to achieve ambitious growth objectives.


1

Africa FUM US$49mn

Geographic Focus Burkina Faso, Ghana, Guinea, Ivory Coast Liberia, Mali, Niger, Sierra Leone

Sector Focus Agriculture, Agri-business

32

Inside Capital Partners Bowen Square8 Dr Ferriere StreetPort LouisMauritius

+230 213 5870

www.insidecapital.net


Jerome Lagasse Founding Partner

Nassima Sadar Partner

Celia Goude Investment Officer

Inside Capital Partners (Inside) is an independent private equity manager aiming to seize value creation opportunities in the Indian Ocean and East Africa region through equity investment in close partnership with entrepreneurs.

Inside supports medium-sized enterprises through close and active support, aiming to ensure the development of their businesses in a fast moving economical environment.

Founded in 2013, Inside is active in the region through its office in Mauritius and in East Africa, and through a network of partners wishing to promote the emergence of the region’s dynamism.

Inside believes that focusing on selected geographies and enterprises, while leveraging on a network of operational and business expertise, are the keys to value creation.

GENERAL PARTNER


Fundraising*


Geographic Focus East Africa, Southern Africa

Sector Focus Multi-sector**

* Fundraising target of US$50mn – US$70mn

** Excluding Real Estate and Infrastructure

33

GENERAL PARTNER

International Housing Solutions 54 Peter PlacePeter Place Office Park, Block GGlassgow House, Ground FloorBryanston 2191Johannesburg South Africa

+27 11 300 8600

www.ihsinvestments.co.za


Soula Proxenos Managing Director

Pamela Lamoreaux Head, Investor Relations and ESG

International Housing Solutions (IHS) is a private equity firm focused on the development of residential housing. IHS partners with financial institutions, real estate developers, private capital groups and local government authorities to provide equity finance for residential projects, primarily in the affordable housing market. Currently focused on South Africa, IHS is set to expand its presence to other African countries and globally in future.

IHS brings not only capital resources, but also research experience and risk assessment to local partners providing affordable housing to low-to-middle income families. IHS uniquely tailors every investment to the dynamics of the market and the specifics of the transaction.

For institutional investors, IHS brings opportunities for excellent risk-adjusted returns in residential markets that may otherwise have been out of reach.

At IHS, we pride ourselves on providing superior investment opportunities for our capital partners, while increasing the prospects of access to high quality, affordable housing products for individuals and families.


2

Africa FUM US$4.1mn



Sector Focus Residential Real Estate

34

Investec Asset Management 36 Hans Strijdom AvenueForeshore 8001Cape TownSouth Africa

+27 21 416 2000

www.investecassetmanagement.com


Francois van der Spuy Head, Private Market Investments

Nick Tims Managing Director, Client Group

Investec started investing in African private markets outside of South Africa in 2008. Our Africa expertise and extensive networks allow us to operate successfully in diverse and tough markets. We invest in portfolio companies operating in Angola, Cameroon, Democratic Republic of Congo, Ivory Coast, Nigeria, North and South Sudan, Malawi, Mozambique, South Africa, Uganda, Zambia, Zimbabwe.

GENERAL PARTNER


3*

Global FUM US$130bn

Africa FUM US$400mn**

Investment Range US$15mn - US$70mn***


Sector Focus Multi-Sector

* Private market funds

** Private equity only

*** With ability to make larger investments through bringing in co-investors

35

GENERAL PARTNER

Investisseurs & Partenaires 9, rue Notre-Dame des Victoires75002 ParisFrance

+33 1 581 857 10

www.ietp.com


Jean-Michel Severino Chief Executive Officer

Sébastien Boyé Investment Director

Pierre Carpentier Investment Director

Jérémy Hajdenberg Investment Director

Investisseurs & Partenaires (I&P) is an impact investing group fully dedicated to SME Enterprises based in Sub-Saharan Africa. Since 2002, I&P has invested in close to 60 companies over 15 African countries.

I&P is an active partner that brings financial and strategic support to African Small and Medium Enterprises through its 3 financial funds (IPAE, IPDEV1 and IPDEV2). These funds represent a total of EUR75mn under management.

I&P invests in debt and equity as a minority shareholder.


3

Africa FUM EUR75mn

Investment Range EUR30,000 - EUR1.5mn


Sector Focus Agri-business, Construction, Distribution, Equipment and Maintenance, Finance and Microfinance, Health, Services, Transport

36

Investment One Financial Services 37 Karimu Kotun StreetVictoria IslandLagosNigeria

+234 1 448 8888 +234 1 448 0848

www.investment-one.com


Ore Sofeku Managing Director, Funds Management

Ademola Aofolaju Group Head, Real Estate

Investment One Financial Services (Investment One) is one of Nigeria’s fastest growing Financial Services firms. Following the Central Bank of Nigeria initiated reforms in the banking industry, our erstwhile parent company; Guaranty Trust Bank Plc divested its shareholding in the company. The company was acquired by select investors, management and staff of Investment One.

Founded in 2007, Investment One (then GTB Asset Management Limited) commenced business in 2008. Uniquely positioned to provide comprehensive services to meet our clients’ investment requirements, our team of investment professionals are poised to provide our clients premium service founded on in-depth market insight, innovation and service excellence. Whether to advise, execute, manage or transfer wealth to future generations, our clients will find the full complement of investment solutions in our one-shop location – simply put, the 360° Investment Partnership.

Regulated by the Securities and Exchange Commission, we provide Investment Management, Trust and Financial Advisory Services and through our subsidiaries Securities Brokerage, Fund Management and Pension Services.

GENERAL PARTNER


Geographic Focus Nigeria


37

GENERAL PARTNER

Keynes Private Equity Ltd 8A Elsie Femi Pearse StreetVictoria IslandLagosNigeria

+234 1 271 6896

www.keynesprivateequity.com


Chris Oshiafi Chairman

Dominic Isunuoya Managing Director

Keynes Private Equity is a Private Equity firm with focus on growth sectors of Africa’s emerging economies.

Our geography of focus is sub-Saharan Africa and primarily Nigeria, Ghana and Cote d’Ivoire.

In line with our growth strategy, Keynes has invested/ pursuing deals in Financial services, Agriculture, Hospitality and Real Estate.

Our investment has been both proprietary and deal specific funds. Keynes currently has Funds (Proprietary) Under Management (FUM) close to $5m in the sectors in which it had invested

Our deal flow leverages on the network of our group involvement in Asset Management, Stock broking, financial advisory and fund arrangement for over a decade across Sub-Saharan Africa. This is coupled with the expertise of our Executives/Partners garnered over an even longer period of participation in financial advisory, Banking, Finance and industry.

Our approach is to invest our resources and expertise in supporting businesses with the potential of delivering significant value to our investors and stakeholder.


1

Africa FUM US$3mn



38

Kibo Capital Partners 5th Floor, Ebene SkiesRue de l’InstitutEbeneMauritius

+230 404 2200

www.kibo-capital.com


Thierry Hugnin Managing Partner

Christoph Evard Partner

Kibo Capital Partners is a private equity fund manager with focus on growth capital investments in the region comprising of Eastern Africa, Southern Africa and the islands of the Indian Ocean.

Since 2008, Kibo Capital Partners has been managing the EUR29mn (US$45mn) Kibo Fund I. The fund has now successfully invested its capital.

Kibo Capital Partners is currently raising the successor Kibo Fund II, with a target fund size of US$80mn. A first close with US$50mn was reached in 2014.

Kibo Fund II’s main objective is to provide long term capital appreciation to its Investors through equity and equity-related investments in its target region. Kibo Fund II follows its predecessor fund in targeting the fast growing SME and mid-market segment, and has developed specific sector expertise as well as a portfolio operations approach to add hands-on and tangible value to its portfolio companies.

GENERAL PARTNER


1*

Africa FUM US$45mn

Investment Range US$ 4mn - US$10mn

Geographic Focus Eastern Africa, Southern Africa, Indian Ocean Islands


* Currently raising Kibo Fund II with a target of US$125mn. First close of US$50mn achieved in 2014.

39

GENERAL PARTNER

LeapFrog Investments Unit 24, 1 Melrose BoulevardMelrose Arch2076 JohannesburgSouth Africa

+27 11 684 2644

www.leapfroginvest.com


Gary Herbert Partner

Dominic Liber Partner

LeapFrog Investments (Leapfrog) is the world’s largest dedicated equity investor in emerging markets financial services, with over half-a-billion dollars assets under management. LeapFrog invests in high-growth companies across Asia and Africa offering empowering tools such as insurance, savings and investment products to emerging consumers. LeapFrog’s portfolio companies currently serve over 27 million people across 19 countries. LeapFrog’s distinctive Profit with Purpose investment philosophy has attracted many of the world’s leading insurers, reinsurers, global asset managers, pension funds and development financiers.


2

Global FUM US$535mn

Investment Range US$10mn - US$50mn+

African FUM US$78.9mn


Sector Focus Financial Services

40

MBO Capital Management Limited 20 Alexander Avenue IkoyiLagosNigeria

+234 1 460 8193

www.mbocapital.com


Jide Ogundare Chief Executive Officer

Olufunso Fasetire Vice President

MBO Capital is a private equity firm that invests in lower middle market companies across a broad spectrum of industry sectors in Nigeria. Our firm provides mezzanine and debt capital to companies that seek to accelerate growth and build exceptional shareholder value in partnership with an experienced and knowledgeable investor.

At MBO Capital, our variety of mezzanine and debt financing options provide a viable source of not only the much-needed financial capital for lower middle market companies, but also the human resource and value add expertise to strengthen management capacity. By providing expansion capital to these companies, we enable them to accelerate growth and build exceptional value. We also leverage on our local experience to provide strategic and management support to these companies, enhancing their post-investment value and earning superior returns for our investors.

MBO Capital’s uniqueness in this regard is in the expertise of its team whose knowledge of the local business environment and extensive network of contacts within Nigeria is enviable.

GENERAL PARTNER



41

GENERAL PARTNER

Mediterrania Capital Partners Diputación, 246 2º 2ª08007 Barcelona Spain

+34 93 445 11 42

www.mcapitalp.com


Albert Alsina Founder, Chief Executive Officer and Managing Partner

Mediterrania Capital Partners (MCP) is a dedicated private equity firm focusing in African and mainly North African growth investments in SMEs and mid cap companies.

With offices in Barcelona, Casablanca, Tunisia, Algiers, Valletta and Accra, MCP takes a very intense hands-on and proactive approach to implementing its growth strategy, by leading the governance of the companies and driving the key internal value creation process. The partners of MCP have extensive experience in managing companies including commercial experience, strategy formulation, finance and operations.


2

Africa FUM US$200mn

Investment Range US$3.5mn - US$22.5mn

Geographic Focus North Africa, Sub-Saharan Africa


42

Metier 2nd Floor5 Commerce Square39 Rivonia RoadSandhurstGauteng 2196South Africa

+27 11 268 4000

www.metier.co.za


Thierry Dalais Executive Chairman and Co-Founder

J-P Fourie Investor Relations

Metier has a track record of outstanding performance in private equity, with team members having concluded over 80 deals and having achieved a greater than 30% annual internal rate of return over the past three decades. It has an active and effective culture and is ideally positioned to partner investors and portfolio companies alike. We believe that private equity requires the deep involvement of experienced managers putting their own skills, energy and capital at risk alongside institutional investors.

Metier currently manage three private equity funds; the Lereko Metier Capital Growth Fund, the Lereko Metier Sustainable Capital Fund and the Metier Capital Growth Fund II.

Metier is a pioneering fund manager making investments in renewable energy, water, waste and energy efficiency; having closed in 2013 with investor commitments from pension funds and DFI’s to meet the regions sustainability targets.

Our capital growth fund’s focus on mid-market, buy and build growth capital investments; partnering entrepreneurs for expansion and growth, and investing behind internally developed investment platforms.

GENERAL PARTNER


3

Africa FUM US$750mn


Geographic Focus Southern Africa

Sector Focus Agri-processing, Education, Energy Efficiency, FMCG, Healthcare and Infrastructure Services, Renewable Energy, Retail, Transportation and Logistics, Tourism, Water, Waste

Investment Stage Growth

43

GENERAL PARTNER

Moringa Partnership Jardin Tropicale45 bis avenue de Belle GabrielleNogent sur MarneParisFrance

+33 6 37 32 55 67

www.moringapartnership.com


Martin Poulsen Partner

The Moringa Partnership is the investment advisor to the EUR100mn Moringa SICAR SCA fund, which targets best land-use investments in the agroforestry sector in Sub-Saharan Africa and Latin America.

The Moringa Partnership has offices in Paris and Geneva. The originators of Moringa are La Compagnie Benjamin de Rothschild and the Office Nationale des Fôrets.


1

Global FUM US$85mn

Africa FUM US$55mn



Sector Focus Agriculture, Forestry

44

Oasis Capital 4A CharlottevilleOIC RoadEast LegonAccraGhana

+233 302 522 624

www.oasiscapitalghana.com


Matthew Boadu Adjei Chief Executive Officer

Joseph Boakye Yiadom Partner and Chief Operating Officer

Oasis Capital was established in February 2009 under the laws of the Republic of Ghana as a growth and venture capital fund manager, with March 2010 as our Vintage Year. We seek to provide risk capital in the form of equity and quasi-equity facilities to entrepreneurial businesses in Africa. We also offer Business Development Services to investee companies as part of our value proposition to better mitigate risk and realize sustainable returns for our stakeholders.

We currently manage the US$13mn Ebankese Venture Fund (EVF), which closed in December 2011. We are fully invested in 8 portfolios as at December 2014. There will be no new investments made by EVF but some funds are reserved for follow-on investments in existing portfolio companies.

Oasis Capital is currently raising US$50mn in a new fund which is targeted for a first close of US$20mn October 2015.

GENERAL PARTNER


1*

Africa FUM US$13mn

Investment Range US$500,000 – US$5mn

Geographic Focus Ghana, Ivory Coast, Senegal**

Sector Focus Financial Services, Food Services, Health, Hospitality, Housing, Private Education

* Currently raising second fund with a US$50mn target

** Geographic focus: Opportunistic in Liberia and Sierra Leone

45

GENERAL PARTNER

PCM Capital Partners 10eme étage Tour BIAOAvenue Lamblin01 BP 4109 Abidjan 01Ivory Coast

+225 20 31 28 00

www.pcmcapitalpartners.com


Michel Abrogoua Managing Director

Mawuli Ababio Director

Wilfrid Korsaga Investment Officer

Launched by Phoenix Capital Management, Ivory Coast based financial services group, the African Development Bank, the ECOWAS Investment and Development Bank and select regional financial services institutions, the WAEMGF is a EUR38.5mn regional PE Fund. The Fund provides growth and expansion capital to SMEs with potential to grow into regional businesses. The WAEGMF targets investment opportunities with potential for strong value creation in sectors such as energy, finance, telecoms, multimedia, ICT, agri-business and distribution.


1

Africa FUM US$52.9mn


Geographic Focus Benin, Burkina Faso, Cameroon, Cape Verde, Gambia, Ghana, Guinea, Guinea Bissau, Ivory Coast, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone, São Tomé, Príncipe, Togo

Sector Focus Agri-business, Distribution, Energy, Financial Services, Information Technology, Multimedia, Telecommunications

46

Pearl Capital Partners Plot M697 Equata Building, 2nd Floor UMA ShowgroundLugogoKampalaUganda

+256 312 264 983 +256 312 264 984

www.pearlcapital.net


Tom Adlam Managing Partner

Edward Isingoma Partner and Chief Financial Officer

Pearl Capital Partners is an independent agriculture investment management firm with offices in Kampala and we recently added a new office in Nairobi. We administer portfolio management on behalf of African Agricultural Capital which was established by Gatsby, Rockefeller and Volksvermogen of Belgium to address the “funding gap”–a lack of small business finance holding back a large number of high-potential enterprises in Africa. The social impact and potential returns from addressing this funding gap is most pronounced in agriculture.

We invest between US$250,000 and US$2.5mn in growing agricultural small and/or medium-sized businesses in East Africa, typically using a combination of equity, quasi-equity, equity-related and debt investments; delivering relative to our sector, top quartile financial returns to our investors while creating significant positive social impact on smallholder farmers.

Our latest fund will be invested in around 20 new agricultural businesses and has target return expectations of around 15% annual compounded return; while continuing to meet our demanding social impact criteria.

GENERAL PARTNER


2

Investment Range US$250,000 – US$ 2.5mnn


Sector Focus Agri-business

47

GENERAL PARTNER

Qalaa Holdings 1089 Corniche El-NilFour Seasons Nile Plaza Office BuildingGarden CityCairoEgypt

+202 2 791 4440

www.qalaaholdings.com


Karim Sadek Managing Director

Ghada Hammouda Head of Communications

Qalaa Holdings is an African leader in infrastructure and industry. Formerly known as Citadel Capital, Qalaa Holdings controls subsidiaries in core industries including Energy, Cement, Transportation and Logistics, and Mining.

The businesses we build in our core industries are regional champions that will serve as engines of national growth, creating jobs and helping make our economies more efficient, more sustainable and more globally competitive. Every day, Qalaa Holdings’ nearly 32,000 employees produce and deliver energy solutions, help build critical national infrastructure, transport goods to market efficiently and add value to natural resources. We prize innovation, value creation and sustainability in all of our investments.

Qalaa Holdings has been directly investing in Africa since 2006 and a rising number of our investments have originated in African economies other than our home market of Egypt such as Rift Valley Railways, the national railway of Kenya and Uganda, which is helping open doors to intra-African trade.


2

FUM US$1.3bn*

Geographic Focus East Africa, North Africa

Sector Focus Energy, Infrastructure, Logistics, Mining, Transportation

* Balance sheet equity capital

48

Sparrow Investment Managers Ltd Rue Du Theatre 3 1820 Montreux Switzerland

+41 21 552 7888

www.sparrowim.com


Nayan Agarwal Managing Director

Raphael Nanlal Deputy Director

Sparrow Investment Managers Ltd. is an innovative wealth and investment management financial advisory group based in Mauritius with a global reach.

Our focused expertise in Global Markets of several decades makes us uniquely positioned to deliver appropriate Investment Advisory and Management services to long-term investors.

We at Sparrow, are always looking for opportunities and ways to enhance the returns of our investors and the funds that we manage. Our knowledge of your requirements and our long term approach enables us to tailor our services precisely to your individual needs. Furthermore, due to our personal and professional structure, we are able to offer in-house advice.

Sub-Saharan Africa is experiencing a strong demand for financing solutions in the US$15mn to US$65mn mid-market range. Existing financial institutions are unable to meet the demand.

We offer a multi-tiered merchant banking platform that provides investors with opportunities to participate in and benefit from the high returns of rigorously qualified corporate investments in Sub-Saharan Africa.

GENERAL PARTNER

Global FUM US$250mn



Sector Focus Agribusiness, Commercial Real Estate, Financial Services, Food Processing, Infrastructure, Oil & Gas, Light Manufacturing and Transportation, Natural Resources, Retail, Soft Commodities, Waste to Energy

49

GENERAL PARTNER

Swicorp Kingdom Tower49th Floor, King Fahd RoadP.O. Box 2076Riyadh 11451Kingdom of Saudi Arabia

+966 1 211 0737

www.swicorp.com


André Wagner Director

Safia Hachicha Director

Swicorp is a private financial services group providing solutions in the spheres of investment banking, private equity, real estate and asset management in the Middle East and Africa.

Our local expertise, combined with our world-class financial solutions, has allowed us to gain a robust client base amongst leading financial institutions and regional corporations. Furthermore, it established trust with our clients to enable us to raise in excess of US$1bn in private equity funds. Through our extensive principal investment network, we are also able to activate significant proprietary investments for MENA and international opportunities across various asset classes.


3

Global FUM US$1.3bn

Africa FUM US$150mn



Sector Focus Consumer Goods, Education, Healthcare, Industrials

50

Synergy Managers Mauritius 155B Prince Ade Odedina StOff Sinari Daranijo StVictoria IslandLagosNigeria

+234 1 462 7032 +234 1 462 7033

www.synergycapitalmanagers.com


Akintoye Akindele Partner

Ayodele Arogbo Partner

Synergy Managers Mauritius (Synergy) is the fund manager for the Synergy Private Equity Fund (SPEF), a US$100mn private equity fund domiciled in Mauritius. SPEF is focused on midsized investments in high growth sectors in Nigeria and Ghana, two of the fastest growing economies in Sub-Saharan Africa. Committed to building world-class companies, Synergy Managers Mauritius uses an active hands-on approach to working with portfolio companies with the goal of helping these companies attain leadership positions in their industries, while institutionalising processes that ensure sustainable growth and attractive returns. Synergy’s investment professionals have over four decades of combined experience in finance and private equity and are adept at leveraging their local knowledge and deep network of contacts to access attractive investment opportunities and generate significant returns for investors.

GENERAL PARTNER


1

Africa FUM US$100mn


51

GENERAL PARTNER

Syntaxis Capital 4 Cavendish SquareLondon W1G 0PG United Kingdom

+44 203 440 9235

www.syntaxis-advisory.com


Adesuwa Okunbo Director and Co-Head, Africa

Côme Vercken Associate Director

Syntaxis Capital was established in 2006 and has raised just under EUR250mn, managed across two funds focused on investing in Central Europe. The firm was set up with the express objective of becoming a leading junior capital provider in Central Europe, and eventually, across the broader emerging markets. The firm is establishing a mid-market Sub-Saharan Africa mezzanine fund to support entrepreneurs and regional private equity investors, in expanding their companies and business platforms cost effectively.

52

The Abraaj Group Dubai International Financial Centre (DIFC)Gate Village 8, 3rd FloorPO Box 504905DubaiUnited Arab Emirates

+971 4 506 4400

www.abraaj.com


Sev Vettivetpillai Partner

Jacob Kholi Partner

Shireen Dajani Principal

The Abraaj Group (Abraaj) is a leading private equity investor, purpose-built for operating in the growth markets of Africa, Asia, Latin America, the Middle East, and Turkey. Employing over 300 people, Abraaj has over 20 offices globally and currently manages c. US$9bn across regional, sector and country-specific Funds.

Abraaj has realized c. US$5.4bn from over 70 full and partial exits, and Funds managed by the Group have made over 140 investments across 10 sectors including consumer, energy, financials, healthcare and utilities. The Group is committed to the highest environmental, stakeholder engagement and corporate governance standards and is a signatory to the United Nations-backed Principles for Responsible Investment and the United Nations Global Compact.

GENERAL PARTNER

Global FUM US$9bn



Sector Focus Business Services, Consumer Goods and Services, Education, Energy, Finance, Healthcare, Infrastructure, Logistics, Real Estate

53

GENERAL PARTNER

The Carlyle Group Unit 6a, 1st Floor 3 Melrose BoulevardMelrose Arch, Melrose North 2196JohannesburgSouth Africa

+27 11 034 2000

www.carlyle.com


Marlon Chigwende Managing Director and Head, Sub-Saharan Africa Buyout Advisory Team

Rory Macmillan External Affairs Director , Europe, Middle East and Africa

The Carlyle Group (Carlyle) is a global alternative asset manager with US$193bn of assets under management across 128 funds and 159 fund of funds vehicles as of June 30, 2015. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. The Carlyle Group employs more than 1,700 people in 35 offices across six continents.

The Africa team conducts rigorous top-down analysis on sectors that benefit from Africa’s economic fundamentals and trends, exhibit high growth potential and have benefited from liberalization. Carlyle Sub-Sahara Africa Fund focuses on industries in which Carlyle has an established investment track record and in which the team has expertise. These include agri-business, consumer goods, energy, financial services and transportation and logistics. The Fund places a heavy emphasis on due diligence with a particular focus on the reputation and track record of management teams and local entrepreneurs.


1

Africa FUM US$698mn


Sector Focus Agribusiness, Consumer Goods, Energy, Financial Services, Transportation & Logistics

54

TLcom Capital 188 Hammersmith RoadLondon W6 7DJUnited Kindgom

+44 208 237 7070

www.tlcom.co.uk


Maurizio Caio Managing Partner

TLcom Capital has invested in technology and innovation across Europe and Israel since 1999. Over the last few years it has expanded to Sub Saharan Africa (SSA) by backing European and Israeli entrepreneurs targeting the African market, by opening offices in Nairobi and Lagos, and by launching the TLcom TIDE Africa Fund, an international venture capital fund focused exclusively on technology enabled services and innovation for SSA across all stages of the venture capital cycle. The fund target are equity investments into fast growth entrepreneurs leveraging technology and innovation to serve the region, with the potential to scale globally, or the ability to profitably serve customers at the Base of the Pyramid (BoP), which continue to represent the vast majority of consumer demand in the region and other developing economies.

GENERAL PARTNER


3

Investment Range US$500,000 – US$10mn


Sector Focus Information and Communications Technology Innovation*, SME Automation

* Sector Focus: affordable access, mobile payments, e-commerce, ICT applications in key verticals - Agriculture, Education, Energy, Health and Transport.

55

GENERAL PARTNER

Unique Venture Capital Management 5th Floor, Old Union Bank Building40 MarinaLagosNigeria

+234 1891 2071

www.uvcmc.com


Anthony Oboh Managing Director and Chief Executive Officer

Fred Anigbogu Chief Operating Officer

Suzan Memuduaghan Senior Manager

Unique Venture Capital Management Company Limited (UVC) is an SME-focused private venture capital investment firm established in 2004 .

UVC aims to be the frontrunner in the provision of venture capital to small and medium–sized enterprises in West Africa by leveraging on the strong heritage of our owner institutions to deploy an on-ground local experience-based strategy, building a world class team and operating within the highest professional and ethical standards to deliver attractive triple bottom line returns to our clients and investors.

56

Venture Partners Botswana 5th FloorFairscape PrecinctPlot 70667, Fairgrounds GaboroneBotswana

+267 318 1012

www.venture-p.com


Anthony Siwawa Founder and Managing Director

Venture Partners Botswana (VPB) was the first dedicated Private Equity Fund Manager in Botswana. Founded in 2002, VPB is the leading PE fund manager in Botswana, with a firm and disciplined approach to PE investing. Its maiden fund, was a 2004 vintage, ten-year closed-end fund. VPB established a second office in 2010 in Namibia, for the management of its second fund.

VPB is a Growth Capital investor making significant minority and in some cases control investments in industry sectors that benefit from the growth in infrastructure investment in the region. These sectors are positively correlated to the GDP growth of the respective countries.

As indigenous fund managers, the management team has a particular focus on sustainable, responsible investing, such that investor returns and regional economic growth are not mutually exclusive. VPB is in the process of fundraising for its third fund, with a target capitalisation of BWP450 million. The Fund will make equity investments in companies located in the Southern African Development Community (SADC) region.

GENERAL PARTNER


2

Africa FUM US$40mn

Geographic Focus SADC region

Sector Focus Agri-processing, Education, Energy, Financial Services, Logistics, Retail, Transport

57

GENERAL PARTNER

Verdant Frontiers 7513 Harlow DriveAustin Texas 78739United States

+1 888 638 0130

www.verdantfrontiers.com


Scott Friesen Founding Partner

Verdant Frontiers is a venture firm which seeks to conceptualize, start and grow operationally excellent, highly profitable, market-leading businesses that give investors a compelling return while fuelling Ethiopia’s economic development. Since our founding, we have established five new businesses and have exited two.


Geographic Focus Ethiopia

Sector Focus Agribusiness, Hospitality, Hotels, Real Estate

58

Verod Capital Management 1st Floor, Rio Plaza235 Muri Okunola StreetVictoria IslandLagosNigeria

+234 1 462 8646

www.verodcapital.com


Danladi Verheijen Managing Director and Chief Executive Officer

Verod Capital Management (Verod) is a Nigeria-focused private equity firm. Verod seeks to invest in companies where it can significantly increase value using its industry knowledge, business expertise, entrepreneurial skills, and on-the-ground presence. Verod employs an active management policy, utilizing significant hands-on engagement to build its portfolio companies into stronger, more competitive and profitable enterprises positioned for favorable exit.

GENERAL PARTNER




59

GENERAL PARTNER

Zephyr Management 320 Park AvenueNew YorkNY 10022United States

+ 1 212 508 9400

www.zephyrmanagement.com


Thomas Barry President

Tina Keriazes Managing Director and Head of Client Relations

Zephyr Management is a global emerging markets investment manager, specializing in the creation and management of highly focused private equity and marketable securities funds. Founded in 1994, capital commitments to Zephyr funds since inception have been approximately US$1.5bn from a wide variety of investors, including family offices, endowments, foundations, pensions, multilateral development banks, and sovereign wealth funds.

Each fund has a dedicated investment team located in-market, which engages in fundamental, bottom-up research to identify outstanding businesses with excellent balance sheets, high returns on capital and good corporate governance. Currently, our funds are active in India and Sri Lanka and we are researching new investment opportunities around the world.

Africa FUM US$10mn

Investment Range US$1mn+


Sector Focus Multi-sector*

* Excluding mining and natural resources

60

Institutional Investors

61

Abu Dhabi Investment Authority 211 Corniche street PO Box 3600 Abu Dhabi United Arab Emirates

+971 2 415 0000

www.adia.ae


Christophe Florin Head of Emerging Markets, Private Equity

Since 1976, the Abu Dhabi Investment Authority (ADIA) has been prudently investing funds on behalf of the Government of Abu Dhabi with a focus on long-term value creation.

ADIA manages a global investment portfolio that is diversified across more than two dozen asset classes and sub-categories.

INSTITUTIONAL INVESTOR


62


Africa Finance Corporation 3a Osborne RoadIkoyiLagosNigeria

+234 1 279 9600

www.africafc.org


Andrew Alli Chief Executive Officer

Lucy Savage Vice President of Communications

Africa Finance Corporation (AFC) is an international organization established by treaty between sovereign states. It was established by twin legal instruments, with all the rights, privileges and immunities conferred upon international entities. Current member countries are: Nigeria (host country), Cape Verde, Chad, The Gambia, Ghana, Guinea-Bissau, Guinea Conakry, Liberia and Sierra Leone. In addition, various prospective new member countries are now at different stages of due diligence.

AFC’s mission is to help address Africa’s infrastructure development needs while seeking a competitive return on capital for its shareholders. Since it began operations in 2007, AFC has created the building blocks with which to achieve this objective with a focus on four main sectors: power, telecoms, transport infrastructure, heavy industry and natural resources. At inception, AFC was funded with US$1.1bn in fully paid-in equity capital by its shareholders. The corporation has a private sector majority of 57.5%. The balance of 42.5% is held by the Central Bank of Nigeria.


63

African Development Bank Group Immeuble du Centre de commerce International d’Abidjan CCIAAvenue Jean-Paul II01 BP 1387Abidjan 01Ivory Coast

+225 20 26 10 20

www.afdb.org


Line Picard Chief Private Equity Portfolio Officer

Onike Nicol-Houra Principal Business Development Officer

The African Development Bank (AfDB) Group is a regional multilateral development finance institution established to contribute to the economic development and social progress of African countries. The foundation of AfDB became effective on September 10, 1964. AfDB is headquartered in Abidjan, Ivory Coast with 27 country offices on the continent.

As the premier development finance institution on the continent, the AfDB’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development.

Over the past years, the Bank has increased its commitments to private equity funds on the continent as an efficient way to deploy capital, deepen financial markets, develop agri-business, contribute to the development of infrastructure and deliver the adequate capital needed by small and medium enterprises to scale their operations, expand regionally. The Bank’s investments are oriented towards ensuring that growth benefits to all levels of the population, and promotes the use of clean and renewable energy sources.



64


Casey Family Programs2001 8th AvenueSuite 2700SeattleWA 98121United States

+1 206 282 7300

www.casey.org

Key Contact

Joseph BoatengChief Investment Officer

Casey Family Programs is the nation’s largest operating foundation focused on safely reducing the need for foster care and building Communities of Hope for children and families across America. Our mission is to provide and improve — and ultimately prevent the need for — foster care.

We are committed to 2020: Building Communities of Hope, a nationwide effort to improve the safety and success of children and their families. We work in support of a range of public, private, tribal and community partners to:

• Safely reduce the need for foster care 50 percent by the year 2020.

• Demonstrate how every child can have a safe and permanent family.

• Support more effective investments in children and families.

• Encourage a shared vision for success.

Casey Family Programs works in all 50 states, the District of Columbia and Puerto Rico to influence long-lasting improvements to the safety and success of children, families and the communities where they live.

65


CDC Group 123 Victoria StreetLondon SW1E 6DEUnited Kingdom

+44 207 963 4700

www.cdcgroup.com


Diana Noble Chief Executive Officer

Murray Grant Managing Director, Africa Funds

Clarisa De Franco Portfolio Director, Africa Funds

CDC Group (CDC) invests throughout Africa and South Asia to grow successful businesses that will be the future engines of economic growth and employment.

We back talented people and teams, and invest capital in all its forms. We’re a long-term investor because we understand building value can take time. We invest directly and through funds with managers that are aligned with our aims.

We take smart risk, investing in countries and sectors where the private sector is weak and jobs are scarce. We work flexibly and collaboratively to create long-term relationships with our partners.

To make our capital to work hard for our investee businesses and managers, we invest more than money: we also invest our time and expertise to help businesses and teams reach their goals.

We also use our investment to show that successful investing is possible in challenging areas so that we can help attract more capital and investors.


66

DEG Kämmergasse 2250676 KölnGermany

+49 221 498 60

www.deginvest.de


Gunnar Stork Director - Equity & Mezzanine, Africa and Latin America

Anne Keppler Vice President - Equity and Mezzanine, Africa

DEG, a subsidiary of KfW, is one of the largest European development finance institutions providing long-term funding to the private sector. For more than 50 years, DEG has been promoting activities in developing countries in multiple ways. We are a dependable financing partner for private companies providing debt or equity solutions, and we ensure that investments have substantial positive effects. In doing so, we enable our partners to contribute to sustainable development in various sectors: from agriculture, infrastructure, financial institutions to manufacturing and services.

We do this almost entirely with DEG’s own funds rather than government funds. To date, we have worked together with more than 1,700 companies. New commitments of c. EUR1.47bn in 2014 grew DEG’s portfolio to EUR7.8bn spread over 760 investments in 84 countries.

Hence, DEG significantly contributes to achieving the Millennium Development Goals - the joint commitment of industrialized and developing nations to combat poverty in a sustainable manner.



67


European Investment Bank 98-100, Boulevard Konrad AdenauerL-2950 Luxembourg

+352 437 953 000

www.eib.org


Jesper Persson Head of Private Equity and Directorate for Operations outside of Europe

The European Investment Bank (EIB) is the European Union’s bank. The majority of financing is offered through loans, but the Bank is also a significant provider of guarantees and equity investment.

EIB’s operations in Private Equity in Africa are carried out under a number of mandates from the EU budget and EU Member States. Their overall aim is to strengthen the private sector in partner countries by reinforcing the capital base of productive companies and to foster the development of local financial intermediaries and capital markets. Partner countries encompass North Africa and Sub-Saharan Africa.

The European Investment Bank acts as a long-term hands-on partner, not only by providing its counterparts with anchor capital and investment in successor funds, but also by helping them to shape the business case at the outset, structure the funds, draft agreements and contributing to improve corporate governance.

Geographic Focus North Africa, Sub-Saharan Africa

68


FMO Anna van Saksenlaan 712593 HW The HagueThe Netherlands

+31 070 314 9696

www.fmo.nl


Alison Klein Manager, Private Equity

Kim van der Vat Marketing and Communications Officer

FMO is the Dutch development bank. We support sustainable private sector growth in developing and emerging markets by investing in ambitious companies. We believe a strong private sector leads to economic and social development, empowering people to employ their skills and improve their quality of life.

Growing businesses need knowledgeable investors that not only provide necessary funding, but also share a long-term vision. FMO provides equity with a goal that reaches beyond the businesses to the benefit of their economies and society at large. And because we provide such scarce, high-risk finance, FMO looks for clients that also share a vision of long-term impact.

Geographic Focus Ghana, Kenya, Nigeria, South Africa, Tanzania

69


Government Employees’ Pension Fund Riverwalk Office Park Block A, 3rd Floor41 Matroosberg RoadAshlea GardensPretoriaSouth Africa

+27 12 42 47 301

www.gepf.co.za


Abel Sithole Principal Executive Officer

The Government Employee Pension Fund is Africa’s largest pension fund with over 1.2 million active members and more that 375,000 pensioners and beneficiaries.

Our core business, governed by the Government Employees’ Pension law (1996), is to manage and administer pensions and other benefits of government employees in South Africa.


70


International Finance Corporation 2121 Pennsylvania Avenue, WashingtonDC 20433 United States

+1 202 473 3800

www.ifc.org


Kevin Njiraini Private Equity Regional Lead, Sub-Saharan Africa

Neha Sud Communications Officer, Sub-Saharan Africa

International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector.

Working with private enterprises in about 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and boost shared prosperity. In FY14, we provided more than US$22bn in financing to improve lives in developing countries and tackle the most urgent challenges of development

IFC supports private sector development in Sub-Saharan Africa with innovative investments and advisory services programs.

Our work helps simplify business procedures, attract investment, create jobs, and stimulate growth. We support health, education, agriculture and infrastructure projects and help economies recover from conflict.


71

Lundin Foundation Suite 2000885 West Georgia StreetVancouver, BCCanada V6C 3E8

+1 604 689 7842

www.lundinfoundation.org

Key Contact

Stephen Nairne Managing Director

The Lundin Foundation invests both directly and through pooled investment vehicles in high potential SMEs capable of delivering impact at scale. We deploy fit-for-purpose capital (seed grants, technical assistance, debt, mezzanine, equity and guarantees) appropriate to the dynamic requirements of our partners.


* Excluding South Africa and Nigeria

Geographic Focus Sub-Saharan Africa*

72


New York State Common Retirement Fund 59 Maiden LaneNew York 10038United States

+1 212 383 2585

www.osc.state.ny.us/pension/


Vicki Fuller Chief Investment Officer

Alcina Goosby Investment Officer, Private Equity

New York State Common Retirement Fund (NYSCRF) is the third largest pension fund in the United States managing US$184.5bn in audited net assets held in trust for pension benefits (as of March 31, 2015). NYSRF has more than one million members, retirees and beneficiaries.


73


PROPARCO 151, rue Saint Honoré75001 ParisFrance

+33 1 53 44 31 08

www.proparco.fr


Claude Périou Chief Executive Officer

Amaury Mulliez Deputy Chief Executive Officer and Chief Investment Officer

Anne-Sophie Rakoutz Head, Private Equity Division

Created in 1977, PROPARCO is a Development Financial Institution partly owned by Agence Française de Développement and private shareholders from the North and South of France.

PROPARCO’s mission is to be a catalyst for private investment in developing countries which targets growth, sustainable development and reaching the Millennium Development Goals.

PROPARCO finances operations which are economically viable, socially equitable, environmentally sustainable and financially profitable. Its sectorial strategy focuses on the productive sector, healthcare, education, financial systems, and infrastructure.

PROPARCO has a wide range of financial instruments to meet the specific needs of private investors (from senior loans to equity, guarantees and financial engineering).

PROPARCO has 12 regional offices (6 in Africa), and is supported by 50 AFD Group agencies worldwide.


74


PTA Bank 224625 Chaussée du Prince Louis Rwagasore P.O. Box 1750 ESATKENA BujumburaBurundi

+257 22 256 770 +257 22 256 776

www.ptabank.org


Karesh Seetal Officer, Treasury and Funds

Mary Kamari Head, Corporate Affairs and Investor Relations

PTA Bank was established by Charter on 6 November 1985, pursuant to the provisions of Chapter 9 of the Treaty establishing the Preferential Trade Area (PTA) for Eastern and Southern African State. Headquartered in Bujumbura, Burundi, the Bank has regional hubs in Nairobi, Kenya, Harare, Zimbabwe and Ebene, Mauritius.

PTA Bank’s mission is to be at the forefront of extending development capital and services to advance regional growth and integration through a range of products and services including long term and short term debt) offered to private and public sectors. The Bank’s current regional Member States are: Burundi, Comoros, DRC, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Malawi, Mauritius, Rwanda, Seychelles, Somalia, Sudan, Tanzania, Uganda, Zambia and Zimbabwe.

The Bank’s mandate is to finance and champion trade and socio- economic development and regional economic integration in and across its Member States, in both the private and public sectors. Its products and services include debt, equity and quasi-equity finance as well as guarantees and fund-management services.

Geographic Focus Countries of the Common Market for Eastern and Southern Africa (COMESA)

75


Soros Economic Development Fund224 West 57th Street9th FloorNew York 10019United States

+1 212 548 0111

www.sedfny.org

Key Contacts

Sean Hinton Chief Executive Officer

Jocelyn Songco Investment Officer

The Soros Economic Development Fund (SEDF) promotes economic opportunities and access to affordable and essential goods and services for underserved populations in post-conflict or less developed countries and communities through program-related investments including equity, debt and guarantees.

SEDF invests in sustainable businesses (including investment companies) whose social purpose is embedded within the investee’s business strategy and that otherwise meet our criteria. Our primary goal is to maximize charitable impact while ensuring that our investees are financially viable. Only successful investees are able to generate the desired charitable purposes, enable us to sustain our program, and ultimately attract for-profit commercial investment for longer-term growth and impact. We conduct rigorous due diligence and demand good governance from our investees.

SEDF focuses primarily on financial services, agribusinesses, and logistics. We seek to partner with like-minded investors and strategic partners. Established in 1997, SEDF has access to over US$200mn with offices in New York, Freetown, London, and Johannesburg.

Geographic Focus East Africa, West Africa, Southern Africa

76

Swedfund International AB Drottninggatan 92-94P.O. Box 3286SE-103 65 StockholmSweden

+46 8 725 94 00

www.swedfund.se


John Kristensen Senior Investment Manager

Swedfund International (Swedfund) provides equity and debt financing for investments in the emerging markets of Africa, Asia, Latin America and Eastern Europe. Our mission is poverty-reduction through sustainable business, contributing to economic and environmental development as well as a positive impact to society.

Swedfund’s primary investment scope is Africa and key sectors are financial services, energy/infrastructure and manufacturing & services. We typically invest between US$5mn – US$15mn per investment and, since 1979; Swedfund has been engaged as an active, responsible and long-term investor in more than 230 companies.

Swedfund, which is wholly owned by the Swedish government, is a bilateral Development Finance Institution and belongs to the European Development Finance Institutions network. We currently have 35 employees at our main office in Stockholm and a regional office in Nairobi.



77


Swiss Investment Fund for Emerging Markets Obviam AGBubenbergplatz 113011 BernSwitzerland

+41 31 310 09 30

www.sifem.ch


Andrea Heinzer Chief Investment Officer and Senior Investment Manager

The Swiss Investment Fund for Emerging Markets (SIFEM) is the Swiss Development Finance Institution. SIFEM’s primary focus is investments in local or regional funds and financial intermediaries that provide long-term finance to small and medium enterprises (SMEs), fast growing companies and private infrastructure projects in developing and emerging countries.

On a selective basis, SIFEM also invests in microfinance and other high impact sectors. SIFEM’s investment philosophy is guided by the belief that investing in commercially viable emerging market companies can provide investors risk adjusted returns, as well as generate sustainable, long-term development effects in local communities. SIFEM is fully owned by the Swiss Confederation and managed by Obviam, a privately owned management advisory group.

78

Third Party Fund Managers

79

Kuramo Capital Management 500 Fifth Avenue, 44th FloorNew York 10110United States

+1 212 792 9680

www.kuramocapital.com

Key Contacts

Walé Adeosun Founding Partner and Chief Investment Officer

Kamal Pallan Partner and Chief Operating Officer

Kuramo Capital Management (Kuramo) is an independent investment manager focused on alternative assets in emerging and frontier markets. Kuramo serves as Manager to the Kuramo Africa Opportunity Funds: institutional, multi-asset class funds investing in sub-Saharan Africa. Kuramo has an experienced team of African investment professionals based in Lagos and Nairobi, with a strong track record in global asset allocation and manager selection, and experience across private and public investments.

Kuramo believes strongly in independent research, and has written several research and white papers on various sectors and asset classes. Kuramo hosts roadshows and conferences, bringing together clients and African government and business leaders.

Kuramo’s goal is to deliver superior risk-adjusted returns by capturing the sub-Saharan Africa growth opportunity. Kuramo’s edge is its global investment experience; extensive local network in Africa; early commitment to investments in sub-Saharan Africa; and on-the-ground investment team.

THIRD PARTY FUND MANAGER


Sector Focus Agribusiness, Consumer Goods, Financial Services, Infrastructure, Real Estate, Natural Resources

80


Old Mutual Alternative Investments Mutual parkJan Smuts DrivePinelandsCape Town 7405 South Africa

+27 21 509 5022

www.oldmutualalternatives.com

Key Contacts

Paul Boynton Chief Executive Officer

Karin Du Toit Chief Operating Officer

Kathleen Danoher Investor Relations

Old Mutual Alternative Investments is the largest private alternative investment manager in Africa, with approximately US$5bn assets under management as at December 2014. We manage investments in private equity, infrastructure and a range of impact funds. We invest in developing businesses and communities through our involvement in assets across economic and social infrastructure, renewable energy, affordable housing, education and private equity.

We focus on growing our investors’ wealth, while providing them with the valuable opportunity to actively contribute towards creating a more prosperous, sustainable South Africa. We have a track record of generating superior long-term returns, offering attractive alternative sources of equity returns primarily to institutional investors.

We are part of the Old Mutual group, which is the largest and most well-established financial services provider in Southern Africa. Its banking, life insurance and asset management activities are long standing and have solid track records.



81

Pantheon Norfolk House31 St. James’s SquareLondon SW1Y 4JRUnited Kingdom

+44 207 484 6200

www.pantheonventures.com

Key Contacts

Brian Lim Partner

Naeem Taidi Marketing Manager

Pantheon is a global investor in private markets, with a specialisation in private equity. Pantheon invests in private equity on a global basis and currently manages US$31.3bn for over 380 clients. Founded more than thirty years ago in 1982, Pantheon has invested in private equity funds on behalf of institutional investors on a primary basis across the U.S., Europe and Asia since 1983 in private equity secondaries since 1988; and in co-investments since 1997. Pantheon launched its infrastructure investment program in 2009.

Pantheon also has private equity solutions for private wealth and defined contribution clients. Pantheon has over 190 employees, located across offices in London, San Francisco, New York, Hong Kong, Seoul and Bogotá.


82


Sango Capital Advisers Africa 4th Floor, Block E, The Pivot1 Monte Casino Boulevard FourwaysJohannesburgSouth Africa

+27 11 011 9288

www.sangocapital.com

Key Contact

Richard Okello

Chief Executive Officer and Founder

Sango Capital Advisers Africa (Sango) is an investment management firm focused on high risk-adjusted returns from private equity investment in Africa. Through a combination of carefully selected private equity funds and direct co-investments, Sango seeks to build a diversified portfolio for global institutional investors. With an approach combining both top down research and bottom up due diligence, Sango provides a unique Africa private equity portfolio featuring high conviction investments across targeted countries and industries.

83

Siguler Guff & Company 825 Third Avenue, 10th FloorNew York 10022 United States

+1 212 332 5100

www.sigulerguff.com


Ralph Jaeger Managing Director

Kathryn Kantarian Vice President and Director, Investor Relations

Siguler Guff & Company (Siguler Guff) is a multi-strategy private equity investment firm which, together with its affiliates, has over US$10bn of assets under management. Siguler Guff’s investment products include multi-manager funds, direct investment funds and customized separate accounts targeting specific areas of compelling opportunity. The Firm’s core investment strategies include distressed and special situations, distressed real estate, small business and emerging markets. Founded in 1991 within PaineWebber, Siguler Guff became an independent firm in 1995. The Firm currently serves over 500 institutional clients, including corporate and public employee benefit plans, endowments, foundations, government agencies and financial institutions, and more than 600 family office and high net worth investors. Headquartered in New York, Siguler Guff maintains offices in Boston, London, Moscow, Mumbai, São Paulo and Shanghai.


Geographic Focus Ghana, Kenya, Nigeria, South Africa, Tanzania


84


South Suez Capital Suite 101Grand Bay Business ParkGrand BayRepublic of Mauritius

+230 263 1491

www.southsuez.com


Shane Rogel Managing Director

Matthew Hunt Director

South Suez Capital (South Suez) is a limited liability company incorporated in the Republic of Mauritius and regulated by the Mauritian Financial Services Commission and the South African Financial Services Board.

South Suez Capital is the largest independently owned fund of funds manager dedicated to the African continent and currently has over US$600mn of assets under management.

South Suez is a member of the African Private Equity and Venture Capital Association and regularly contributes to the further education of African institutional investors and to the development of the asset class.


Sector Focus Consumer, Financial Services, Industrials , Media and Technology, Oil and Gas, Real Estate, Telecommunications

85

Direct Investors

86

DIRECT INVESTOR

AfrAsia Bank LimitedBowen Square 10, Dr. Ferriere street Port LouisMauritius

+230 208 5500

www.afrasiabank.com

Key Contacts

Garry Sharp Head of Private Equity and London Representative

Suneeta Motala Head, Marketing and PR

Strategically based in Mauritius and with representation in key markets, AfrAsia Bank Limited serves the Africa-Asia trade corridor, combining its strengths and expertise in four core divisions:

• Private Banking and Wealth Management

• Corporate and Investment Banking

• Global Business

• Treasury

In addition to its anchor Mauritian shareholder, GML, the largest conglomerate in the country, other strong strategic partners include National Bank of Canada, PROPARCO and Intrasia Capital (Singapore).

AfrAsia Bank’s core banking and transactional capabilities are in Mauritius along with bank representative offices in Cape Town, Johannesburg and London, its asset management arm, AfrAsia Capital Management Limited, its investment arm and its AfrAsia Corporate Finance (Pty) Ltd.

With Mauritius now firmly established as the domicile of choice for the majority of Africa focused private equity funds, AfrAsia Bank is the banking partner for a large and growing number of their GPs.

87

Key Contacts

James Mworia Chief Executive Officer

Job Muriuki Acting Director, Private Equity

Centum Investment Group (Centum) is a leading East African investment company that is listed on the Nairobi Securities Exchange and cross-listed on the Uganda Securities Exchange.

We are an investment channel providing investors with access to a portfolio of inaccessible, quality, diversified investments.

Our key objective is to consistently generate a return on capital that is above market returns through investments in Private Equity, Quoted Private Equity and Real Estate & Infrastructure. Our vision is to be Africa’s foremost investment channel.

Our mission is to create real, tangible wealth by providing the channel through which investors access and build extraordinary enterprises in Africa.

Our Business: we maintain focus through three distinct business lines namely; Private Equity, Quoted Private Equity and Real Estate & Infrastructure.

Centum Investment Group5th Floor International House Mama Ngina Street P.O. Box 10518-00100 Nairobi Kenya

+254 20 228 6000

www.centum.co.ke

DIRECT INVESTOR

88

Key Contacts

Brigit van Dijk – van de Reijt Chief Executive Officer and Chief Investment Officer

Mercy Mutua Senior Manager, Business Development

DOB Equity is an independent, long-term investor in innovative and growth companies in East-Africa. The fund, which is evergreen, is supported by an entrepreneurial Dutch family who are its sole investor. Contribution to a more social and sustainable society is a key investment criteria.

DOB Equity invests long-term capital in combination with business support to add value and support the growth of its portfolio companies. Growth can be achieved organically and where opportune through a buy-and-built strategy to realize the full potential of the companies. DOB Equity is a genuine business partner of management teams and entrepreneurs and is committed to providing active support throughout the life of the investment. DOB Equity exits its investments when its contribution to the growth of the company has been accomplished.

DOB EquityIJsseldijk 18194 LA VeessenThe Netherlands

+31 578 63 1111

www.dobequity.nl

DIRECT INVESTOR

89

DIRECT INVESTOR

Genghis Capital4th FloorPwC TowerChiromo RoadWestlandsNairobiKenya

+254 202 774 750

www.genghiscapital.com

Key Contacts

Samy GhannamAssociate Director, Corporate Finance

Rebecca TibaGeneral Manager, Business Development

Franklin MwendaMarketing and Public Relations

Genghis Capital is an investment bank that is licensed by the Kenyan Capital Markets Authority. Genghis Capital is also a trading participant of Nairobi Securities Exchange where it commenced trading as a stockbrokerage firm in 2008. Since then, the firm has grown tremendously and expanded its service offering to include the provision of Unit Trust Funds, Corporate Finance Services and Fund Management.

As part of a fully integrated financial services group, we are affiliated to Chase Bank Kenya, a leading commercial banking institution that has been in operation for the last eighteen years. It is through our affiliates that we have access to a diverse set of clientele including financial institutions, high net-worth individuals, governments, SMEs and corporations.

90

Key Contact

Charmaine PadayachyPrincipal Investments, Omidyar Network Africa

Omidyar Network is a philanthropic investment firm dedicated to harnessing the power of markets to create opportunity for people to improve their lives. Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, the organization invests in and helps scale innovative organizations to catalyze economic and social change. Omidyar Network has committed more than US$894mn to for-profit companies and non-profit organizations that foster economic advancement and encourage individual participation across multiple initiatives, including Consumer Internet & Mobile, Education, Financial Inclusion, Governance & Citizen Engagement, and Property Rights.

Omidyar Network108 Rivonia Road Sandton EyeRadisson Blu Hotel (Gautrain Hotel)11th Floor, Suite 1102Sandton 2196JohannesburgSouth Africa

+27 11 036 1900

www.omidyar.com

DIRECT INVESTOR

91

DIRECT INVESTOR

PanAfrican Investment Company 420 Lexington AvenueSuite 2650New York 10170 United States

+1 646 569 5040

www.picinvest.com

Key Contacts

Ian HanleyDirector of Finance and Operations

Jon Saunders Associate

PanAfrican Investment Co., headquartered in New York, is a private investment firm founded by Richard Parsons and Ronald Lauder.

Our mission is to identify, invest in and provide solutions that affect growth and development in Sub-Saharan Africa. As PIC invests, Africa profits.

92

Key Contacts

Peter Baird Managing Director and Head, Africa Private Equity

Maruping Mangwedi Associate Director, Africa Private Equity

Standard Chartered Private Equity (SCPE) makes equity and mezzanine investments, primarily in clients of Standard Chartered Bank (SCB). Globally, SCPE has invested >US$5bn to date, funded by SCB’s balance sheet and from funds managed on behalf of third-part investors. Geographically, these investments span SCB’s foot print in Asia, Africa, and the Middle East. Although we focus primarily on growth equity, we have also invested in secondary buyouts, acquisition finance, and turnarounds. On our own, or as part of consortia, we seek to invest alongside top-quality, motivated management teams, who will share in the risks and rewards of the business with us.

Standard Chartered Private Equity3rd Floor4 Sandown Valley CrescentSandton 2146South Africa

+27 11 217 6885

www.standardchartered.co.za

DIRECT INVESTOR

93

Financial Institutions

94

FINANCIAL INSTITUTION

The African Guarantee Fund for Small and Medium-sized Enterprises 7th Floor Mayfair CentreRalph Bunche RoadNairobiKenya

+254 732 148 000 +254 719 084 101

www.africanguaranteefund.com

Key Contacts

Felix Bikpo Chief Executive Officer

Jean Paul Migan Head, Business Development

The African Guarantee Fund for Small and Medium-sized Enterprises (AGF) is a pan-African non-bank financial institution owned by the African Development Bank, Danida and Aecid, whose primary mandate is to assist Financial Institutions (banks, private equity funds, lease finance houses and Development Finance Institutions), scale up their African SME financing through the provision of partial financial guarantees and SME financing capacity development assistance. Widely referred to as the missing link to the scaling up of African SME financing, AGF assists financial institutions with the following products:

• Equity Financing Guarantees;

• Loan Guarantees (both portfolio and individual);

• Fund raising Guarantee;

• Counter-Guarantees;

• Capacity Development Assistance.

95

Standard Bank Group 30 Baker StreetRosebankJohannesburg 2001South Africa

+27 11 721 9000

www.standardbank.com

Key Contacts

Sim Tshabalala Co-Chief Executive Officer

Ben Kruger Co-Chief Executive Officer

Nina Traintis Head, Financial Sponsor Coverage Investment Banking

Standard Bank Group is the largest African bank by assets with a unique footprint across 20 African countries. Headquartered in Johannesburg, Standard Bank has a 153-year history in South Africa and more recently has expanded across the wider African continent.

The group has nearly 49,000 employees and over 1,200 branches, delivering a complete range of services across personal and business banking, corporate and investment banking and wealth management. Standard Bank offers its clients banking, trading, investment, risk management and advisory services and has strong offerings in mining and metals; oil, gas, and renewables; power and infrastructure; agribusiness; telecommunications and media; and financial institutions.

Headline earnings from continuing operations for 2014 were R21bn (c. US$1.9bn) and total assets were R1,907bn (c. US$165bn). The group’s largest shareholder is Industrial and Commercial Bank of China, providing it with a strategic partnership that facilitates trade and deal flow between Africa, China and select emerging markets.

FINANCIAL INSTITUTION

96

Professional Services Firms

97

Abax Corporate Services 6th Floor, Tower A1 Cyber CityEbeneMauritius

+230 403 6000

www.abaxservices.com


Richard Arlove Chief Executive Officer and Founding Director

Nousrath Bhugeloo Chief Business Development Officer

Thierry Adolphe Head of Marketing and Communication

ABAX is a provider of integrated advisory, corporate and business services, focused on delivering solutions to businesses in sub-Saharan Africa. We are headquartered in Mauritius and have offices in South Africa, Kenya, Dubai, India, Singapore and the UK. We also provide services in many other financial centres and markets through our network of partners.

Our offering ranges from business structuring and fund administration to corporate management, accounting, tax and trust services, private wealth solutions, corporate finance advisory, outsourcing and other technology related services. We have over the last twenty years built a strong and global client base in multiple industry verticals, supporting them in their operational requirements as well as finding and implementing solutions for their growth strategy.

Operating from the International Financial Centre of Mauritius and regulated by the Financial Services Commission, ABAX is a duly licensed, ISO 27001 and ISAE 3402 certified, non-bank financial institution with USD 22 billion of client assets under its administration

PROFESSIONAL SERVICES FIRM

98

ǼLEX 7th Floor, Marble House 1 Kingsway RoadIkoyiLagosNigeria

+234 1 461 7321 +234 1 279 3367

www.aelex.com


Theophilus Emuwa Partner

Chinyerugo Ugoji Senior Associate

ǼLEX is a full service commercial and litigation firm. It is one of the largest law firms in West Africa with offices in Lagos, Port Harcourt and Abuja in Nigeria, and Accra in Ghana.

We merge local expertise and presence, political and industry wide connections with an appreciation of global standards and demands.


99

Anjarwalla & Khanna P.O. Box: 200-00606 Sarit Centre NairobiKenya

+254 20 364 0000 +254 07 030 3200

www.africalegalnetwork.com


Karim Anjarwalla Managing Partner

Roddy McKean Director

Luisa Cetina Head of Business Development

Anjarwalla & Khanna (A&K) is the largest law firm in Eastern Africa and is generally considered the leading full-service corporate law firm in Kenya. A&K has an outstanding reputation in corporate and M&A work, particularly in the private equity industry. We act for many local, regional and pan-African GPs on their transactional deals on a cross-border basis.

The firm has offices in Nairobi and Mombasa, and a regional office in Dubai. Additionally, A&K is the founding member of ALN, a pan-African alliance of independent top-tier law firms in Botswana, Burundi, Ethiopia, Kenya, Malawi, Mauritius, Nigeria, Rwanda, South Africa (associated office), Sudan, Tanzania, Uganda and Zambia.

Through ALN, A&K is singularly placed to provide local, regional and cross-border legal services.

A&K was short-listed for African Law Firm of the Year 2014 by the prestigious African Legal Awards, having won this distinction in 2013. It is ranked first in Kenya by various global legal directories, including Chambers Global, IFLR, and Legal 500.


100

Augentius Two London BridgeLondon SE1 9RAUnited Kingdom

+44 207 397 5450

www.augentius.com


J.P. Harrop Group Head of Sales

Andrew Stewart Head of Sales, EMEA

Augentius is a leading independent Private Equity, Real Estate and Debt Fund Administrator. With offices throughout Europe, Africa, United States and Asia, Augentius administers over 350 funds with commitments of over US$85bn. We service over 9,000 investors from over 100 countries on behalf of more than 140 global fund managers.

Formed in 2002, Augentius has gained an unrivalled reputation for innovation, premier-level service and technical knowledge. Our entrepreneurial spirit took Augentius into Africa early; we are proud to now have over 30 African managers as clients.

400+ qualified Augentius staff across the world work on one specialist accounting and reporting platform, ensuring clients receive the highest levels of service - regardless of their location. Although the majority of African funds are serviced through Mauritius, Augentius also services entities domiciled in Cayman, BVI, Delaware, Jersey, Guernsey, England, Scotland, Benelux and Singapore.

Augentius also provides AIFMD Depositary services, including Depositary-Lite services for Non-EU Managers, FATCA Reporting and Compliance support.


101

Axonia Partners Axonia Partners20, rue Royale75008 ParisFrance

+33 1 71 18 15 00

www.axonia-partners.com


Alexandre Alfonsi Partner

Axonia Partners is a Paris-based financial boutique with a clear vertical on Africa.

Axonia Partners has global experience in advising private equity firms and entrepreneurs through its two business lines:

- Corporate finance: fundraising and M&A,

- Private Equity Advisory: fundraising, secondary transactions.

Beyond Africa, Axonia Partners works on advisory mandates in Europe, North America, and Southwest Asia.


102

Cambridge Associates 80 Victoria Street, 4th FloorCardinal PlaceLondon SW1E 5JLUnited Kingdom

+44 207 592 2200

www.cambridgeassociates.com


Sandra Urie Chairman and Chief Executive Officer

Nicolas Schellenberg Managing Director

Cambridge Associates is a privately held independent consulting firm that provides consulting and investment oversight services to more than 900 clients worldwide. We strive to help global institutional investors and private clients meet or exceed their investment objectives by offering proactive, unbiased advice grounded in intensive and independent research.

At Cambridge Associates, we don’t believe in a “one-size-fits-all” approach to investing. Our philosophy focuses on identifying the individual objectives of each client and applying time-tested investment best practices to achieve successful results.

Widely recognized as a leading investment consulting firm to sophisticated investors, we place a special emphasis on avoiding conflicts of interest and maintaining complete independence from money management firms.


103

Charles Russell Speechlys 5 Fleet Place London EC4M 7RD United Kingdom

+44 207 203 5000

www.charlesrussellspeechlys.com


Adrian Mayer Partner

Camilla Sadler Business Development Manager

Charles Russell Speechlys has a well-established team focused on Africa, particularly on private equity, projects and infrastructure, investment funds, real estate, financial services regulation, M&A and capital markets work. Many team members have lived and worked on major projects in Africa and others have undertaken secondments with companies focusing on African markets. We are experienced in working with local counsel to provide a seamless and project managed service for our clients.

We have acted and continue to act for sponsors, investors and funders in Africa, Europe and the Middle East. We also work with many of the world’s principal development finance institutions and emerging markets private equity fund managers on projects in Africa.


104

CKLB International Management P.O Box 80, Felix House24 DriveJoseph Rivière StreetPort LouisMauritius

+230 405 8800

www.cklb.com


Christian Li Group Chief Executive Officer and Managing Director

David Tang Group Chief Technical and Commercial Officer and Director

CKLB International Management’s (CKLB) core service is advice to high net worth individuals and family offices in developing:

• Efficient estate planning solutions

• Management and family office support structures

• Focus on a complete set of fund structuring and administration services

• Corporate structuring and advice

• Company formation and corporate management

• Establishment of trusts and provision of trustee services

• Administration and accounting

• Back office administration and accounting services

• Expatriates occupation and residence permits

• Group investment holding and management services.


105

Clifford Chance 10 Upper Bank StreetCanary WharfLondon E14 5JJUnited Kingdom

+44 207 006 1000

www.cliffordchance.com


Mustapha Mourahib Managing Partner

Gerard Saviola Partner

Dominic Buckley Senior Business Development Executive

Clifford Chance’s Africa practice is recognised as one of the leading teams working in Africa today by our clients, all the major directories and the business world. Clifford Chance was once again named Overall Legal Advisor of the Year, as well as Deals Legal Advisor of the Year, at the Private Equity Africa Awards 2015. The win comes after another successful year for the Firm advising private equity clients on the full spectrum of sectors and activities across Africa, including power, infrastructure, financial services, pharma and healthcare, education, retail, M&A, fundraising, financing, co-investment and IPOs.

We opened our first office on the continent in 2012. Located in Casablanca, the office is led by Mustapha Mourahib, Managing Partner. Our office in Casablanca serves as a gateway to North Africa and Sub-Saharan Africa.

We are actively involved in many community programmes across Africa including advising on legal reform, and the establishment of local charities. We also engage in pro bono efforts to support the legal profession including the Clifford Chance Africa Academy which provides a structured training programme for associates and senior associates for our relationship African legal counsel.


106

Control Risks Cottons Centre Cottons Lane London SE1 2QG United Kingdom

+44 20 7970 2100

www.controlrisks.com


Nick Allan Regional Director, Europe & Africa

Friederike Brinker Marketing Director, Europe & Africa

Bina Ghose Marketing Manager, Europe & Africa

Control Risks is an independent, global business risk consultancy specialising in helping organisations manage political, integrity and security risks in complex and hostile environments. We support clients by providing strategic consultancy, expert analysis and in-depth investigations, handling sensitive political issues and providing practical on-the-ground protection and support.

Our unique combination of services, geographical reach and the trust our clients place in us ensure we can help them to effectively solve their problems and realise new opportunities across the world.

Control Risks has 36 offices across five continents.


107

Covington & Burling One City Center850 Tenth StreetNW WashingtonDC 20001United States

+1 202 662 6000

www.cov.com


Whitney Schneidman Senior International Advisor for Africa

Hilary Prescott Partner

Businesses operating and investing in countries in Africa and around the world inevitably face regulatory, policy, or other government-related challenges. Effective and practical solutions often require a sophisticated understanding of the underlying political dimensions and demand advisers who are experienced in working internationally at senior levels of government. A hallmark of Covington & Burling (Covington) corporate practice is our ability, in the context of corporate transactions and advice, to call on our industry and government affairs experts who have this sophisticated understanding and in-depth experience. This integration of disciplines distinguishes Covington from other leading law firms, adds value in due diligence, enables us to structure transactions most advantageously, and helps us to complete our clients’ most important transactions effectively and expeditiously.


108

Debevoise & Plimpton LLP 65 Gresham Street London EC2V 7NQ United Kingdom

+44 207 786 9000

www.debevoise.com


Geoffrey Burgess Partner

Geoffrey Kittredge Partner

Debevoise & Plimpton LLP (Debevoise) is a leading international law firm, with 8 offices around the world. The firm has been a pioneer in private equity for over 25 years and is a recognized as a leader in both fund formation and private equity transactional work. We represent some of the market’s biggest private equity firms, private equity funds and their portfolio companies, and provide “one stop shopping” for our private equity and financial sponsor clients. Since 1995, we have acted as counsel for sponsors of or investors in over 1,300 private equity funds worldwide, with committed capital of over US$1tn. With over 200 lawyers serving private equity in the US, Europe and Asia, Debevoise is among a handful of firms with a truly global private equity practice.

Debevoise’s highly regarded Africa practice advises both local and international organisations on a wide range of matters. The firm has been particularly active on the continent in private equity, advising on numerous headline acquisitions as well as on the formation of Africa focused funds.


109

Dentons UKMEA LLP One Fleet PlaceLondon EC4M 7WSUnited Kingdom

+44 207 242 1212

www.dentons.com


Nicholas Plant Partner and Head of Private Equity

Ijeoma Hunter Business Development Manager Africa

Dentons UKMEA LLP (Dentons) is a global law firm driven to provide a competitive edge in an increasingly complex and interconnected world. Clients now benefit from 3,000 lawyers and professionals in more than locations spanning 50-plus countries; 18 of those countries are in Africa, where in addition to our Cairo, Cape Town, Casablanca and Johannesburg offices, we operate through our network of highly-regarded associated firms. With a legacy of legal experience that dates back to 1742 and builds on the strengths of our foundational firms—Salans, Fraser Milner Casgrain (FMC), SNR Denton and McKenna Long & Aldridge—the Firm serves the local, regional and global needs of private and public clients.

Dentons announced in early 2015 its merger with 大成 which once completed will make Dentons the largest law firm in the world with more than 7,000 lawyers and 30 new offices across China.


110

DLA Piper LLP 3 Noble StreetLondon EC2V 7EEUnited Kingdom

+44 207 796 6346

www.dlapiper.com


James O’Donnell Partner

Chris Baird Partner

DLA Piper is one of the largest law firms in the world, with over 4,300 lawyers in 77 offices in 31 countries across Africa, Asia Pacific, Europe, the Middle East and the Americas. Our unique geographic spread and scale is complemented by deep local knowledge, allowing us to apply expert technical skills with the best informed current thinking, while being fully immersed in local and cultural business communities.

Through the recent expansion of DLA Piper’s African network, we now have a local presence in Algeria, Botswana, Burundi, Egypt, Ethiopia, Ghana, Kenya, Mauritius, Mozambique, Namibia, Rwanda, South Africa, Tanzania and Uganda and Zambia with 200 Africa specialist lawyers based around the world.

As a result, we have a unique ability to offer our clients operating in Africa internationally recognised expertise across all major sectors, including finance, tax, projects, litigation, restructuring, real estate and technology.

DLA is one of the world’s most active and experienced private equity and venture capital law firms. Over the last five years, we have consistently ranked as the first or second most active firm in each of the private equity, venture capital and M&A spaces globally.


111

EY Ernst & Young Advisory Services (Pty) Ltd 102 RivoniaSandtonSouth Africa

+27 11 772 3000

www.ey.com/za/privateequity


Sachin Date Private Equity Leader

Graham Stokoe Private Equity Leader, Africa

EY is the most integrated professional services firm in Africa with representation in 33 African countries. With more than 260 partners across the continent, we employ over 5,400 employees and can offer support in most countries. In Sub-Saharan Africa, we have more than 110 transaction advisors (15 partners) and 650 tax advisors.

Our network throughout Africa ensures that communication is responsive to the needs of our clients, thereby stimulating trade and enhancing business relationships.

From globalization to technological innovation, businesses around the world are exploring new and different ways of succeeding. By investing in our Global Sector networks, EY gives you an industry-based perspective on your assurance, tax, transaction and advisory needs. We lead the debate on the most important issues you face, bringing original thinking to your sector and your business. Sector-focused insights and experience are embedded throughout EY, unifying our global network of professionals to give you highly responsive advice that helps you compete more effectively.


112

G. Elias & Co. 6th Floor, NCR Building Broad StreetLagos Nigeria

+234 1 280 6970 +234 1 460 7890

www.gelias.com


Fred Onuobia Managing Partner

Gbolahan Elias Partner

G. Elias & Co. is one of Nigeria’s leading business law firms with a reputation for, and an outstanding record of, carrying out critical, innovative and complex work to the highest standards. We advise private equity managers, investors and investees in all sectors of the economy from fund raising through investments and exit.

We regularly advise on several of the most significant recent developments in Nigerian business law practice, particularly in the fields of sales of businesses, infrastructure developments, infrastructure financings and tax and securities law disputes.


113

Gide Loyrette Nouel 22 cours Albert IerParis 75008 France

+33 1 40 75 60 00

www.gide.com


Arnaud Duhamel Partner

Gide Loyrette Nouel (Gide) was founded in 1920. In 1957, Pierre Gide, Jean Loyrette and Philippe Nouel set up the first lawyers’ association of the Paris bar. Today, Gide numbers 600 lawyers including almost a hundred partners, working from 18 offices established in 15 different countries.

Gide is proud of its unique multi-disciplinary know-how in Africa, which can be attributed to its 40-year experience on the continent. Considered as a leader on legal issues in Africa, we continue to extend our offer to best meet the varied expectations of our international clients, be they Chinese, Russian, American, European or other.


114

Heenan Paris 15 avenue d’IénaF- 75116 ParisFrance

+33 1 40 69 26 50

www.heenanparis.com


Pascale Gallien Associée - Avocat au Barreau de Paris

Heenan Paris has a highly regarded and cutting-edge practice in Africa, in particular French speaking Africa where civil and business laws, especially OHADA laws, derive from and are, in most cases, very similar to French law.

Our lawyers regularly act as legal and strategic counsel to companies operating or seeking business in Africa and to African governments and state-owned enterprises.

Our practice includes representing private equity houses in the fund formation and with respect to due diligence review of project opportunities and structuring project investments. We also offer advisory services in the areas of government relations, general commercial transactions, judicial and legal reform and international dispute resolution.

As they know that working on African matters cannot be done from a distance, our lawyers frequently travel continent wide in Africa. We have also developed a network of local counsels, as well as a network of correspondent firms in the main financial centers involved in Africa (London, Johannesburg, Toronto and Sydney).


115

IAF Capital 43 – 44 New Bond StreetMayfairLondon W15 2SAUnited Kingdom

+44 207 518 9700

www.iafcapital.com


David Massie Chairman and Chief Executive Officer

Charles Laughton Corporate Broker

IAF Capital has a heritage as a privately owned independent corporate finance advisory firm, dating back more than 20 years.

We provide discreet, honest, relationship-based independent advice and individual fundraising solutions to both publicly listed and private companies in the UK and across Sub-Saharan Africa. We have a straightforward and transparent approach, focused on adding value and providing cost-effective services for our clients.

Our clients vary from small family owned companies through to public companies. We also advise a number of overseas governments providing confidential access to capital and assets.

IAF Capital has a strong Africa-focused practice boasting an extensive network throughout Sub-Saharan Africa.

IAF Capital works across the sectors but with a particular focus on natural resources, energy, infrastructure and technology, where our team has considerable experience in strategic advice, M&A, restructuring and capital raising.


116

Intercontinental Trust Level 3, Alexander House35 CybercityEbèneMauritius

+ 230 403 0800

www.intercontinentaltrust.com


Ben Lim Chief Executive Officer

Françoise Chan Executive Director

Established in 1999, Intercontinental Trust Limited (ITL) is licensed by the Mauritius Financial Services Commission to provide a comprehensive range of financial and fiduciary services to international businesses. Its valued clients include leading African Private Equity Firms, top 10 investment banks, multinationals in the Fortune 100, prominent real estate companies and High-Net-Worth individuals.

With offices in Mauritius, South Africa, Singapore, Kenya and Seychelles, ITL provides a one-stop-shop solution and its services include: structuring, formation and administration of companies, trusts, foundations and funds; corporate finance and advisory services including listing services and capital raising services; accounting and tax services; FATCA services; expatriate/relocation services.

ITL was the first Mauritian management company to have completed an ISAE 3402 Type II audit and to go live with eFront, a specialized world leading fund administration software.

Throughout the years, ITL’s expertise gained international recognition and it has won several prestigious awards. Most recently, ITL won the accolade for Best Corporate Finance Advisor of the Year 2015 by Private Equity Africa.


117

International Financial Services IFS CourtBank StreetTwentyEight, Cybercity Ebene 72201Mauritius

+230 467 3000

[email protected]


Kapil Dev Joory Founding Director

Neeraj Yogesh Ramyead Business Development Manager

International Financial Services (IFS) is a leading management company incorporated in Mauritius and licensed by the Financial Services Commission (FSC) to provide advisory and management services for international businesses. With over 20 years of experience in the sector, we have built expertise and excellence in structuring, set-up and administration of Investment Funds, Trusts, Partnerships, Foundations and Special Purpose Vehicles. We provide tax-compliant and cost-efficient solutions that deliver investor protection, capital efficiency as well as administrative and compliance ease to our clients. We also provide third-party administration services for funds registered in other jurisdictions.

Our aim is to be a recognised leader in providing value-added services to multinationals, corporates and high net worth individuals wishing to use Mauritius as a platform for investment, wealth planning or to do business internationally. IFS administers over 1000 global companies and more than 140 funds with an asset under administration in excess of US$87bn.


118

King & Wood Mallesons 10 Queen Street Place London EC4R 1BE United Kingdom

+44 207 111 2222

www.kwm.com


Patrick Deasy Partner

Caroline Havez Business Development Manager, Corporate Department

Our Africa group has over 25 years’ involvement in Africa, a continent which includes some of the top 10 fastest growing countries in the world.

We have advised on exciting and innovative matters involving most countries in the continent. We advise on a wide range of inbound and outbound African-related matters including M&A, Finance, Private Equity, Commerce & Technology, Litigation, Tax and Energy & Infrastructure. We focus on a number of sectors including Oil & Gas, TMT, Consumer and Financial Institutions.

With our European and Middle East offices, we work right across the continent, deploying services to accommodate Anglophile Francophile or Lusophile legal systems. We have a track record of successful co-operation and working relationships with local counsel in most of the jurisdictions on the continent.


119

Kusuntu Partners 10, Rue du Colisée75008 ParisFrance

+33 1 77 06 5774

www.kusuntu-partners.com


Jean-Luc Koffi Vovor Partner and Executive Chairman

Kusuntu Partners is a French registered Financial Investment Advisory firm under the number ORIAS 15001877.

Kusuntu Partners provides services for private equity firms, funds of funds and limited partners, with a specific focus on frontier markets, especially Africa. Areas covered include information provision and research, investment and marketing strategy definition, fund structuring and fund raising, deal structuring and due diligence, as well as investment monitoring and reporting.

Kusuntu Partners’ unique knowledge of both the American and European institutional investors and their needs as well as the African investment opportunities, position them to be a preferred advisor to frontier market investing as well as a platform to reach investment funds. Their goal is to provide clients with a one-stop-shop assistance, whether they are a private equity fund manager, an institutional investor or a private investor.


120

Latham & Watkins 99 Bishopsgate London EC2M 3XFUnited Kingdom

+44 207 710 1000

www.lw.com


Kem Ihenacho Partner

Sarah Bailey Senior Business Development Coordinator

Latham & Watkins’ (Latham) Africa Practice has a proven record of success providing practical and innovative legal solutions to clients doing business in Africa. Lawyers in the Africa Practice have worked on large-scale projects in virtually every major country on the continent, leveraging their understanding of the linguistic, cultural, political and commercial nuances in multiple jurisdictions. Private Equity is a core practice area for Latham and we have a dedicated team focussed on servicing our private equity clients looking to invest in Africa. Taking advantage of its fully integrated global network, Latham delivers outstanding service to clients conducting business anywhere on the African continent. The firm maintains very close relationships with the leading law firms and other professional advisers across Africa.


121

Norton Rose Fulbright 3 More London RiversideLondon SE1 2AQUnited Kingdom

+44 207 283 6000

www.nortonrosefulbright.com


Bayo Odubeko Partner

Lance Roderick Director

Norton Rose Fulbright is a global legal practice, with more than 3800 lawyers based in over 50 cities across the world.

We are the leading international law firm in Africa with offices in Johannesburg, Cape Town, Durban, Casablanca and Dar es Salaam. We are active in all African jurisdictions, advising on a full spectrum of corporate, banking and finance, and commercial transactions. We have advised on some of the most high profile transactions, including advising Barclays on the combination of its African operations with Absa and the owners of Fan Milk on the recent auction of West Africa’s leading frozen dairy producer. We advise Africa’s leading private equity firms including Helios Investment Partners, Carlyle Africa, DPI, Harith and Kingdom Africa, and DFIs including CDC, IFC, AFC, Norfund and FMO. We have advised on the establishment of high profile African private equity funds, including the African Agriculture Fund, Catalyst Fund I, Aureos’ Africa Health Fund and PAIDF.


122

O’Melveny & Myers Warwick Court5 Paternoster SquareLondon EC4M 7DXUnited Kingdom

+44 207 088 0000

www.omm.com


John Daghlian Global Head of Investment Funds

Eve Ellis Partner

With approximately 700 lawyers in 15 offices worldwide, O’Melveny & Myers provides a wide range of legal services, encompassing transactional, litigation and regulatory matters. Our global Investment Funds practice has experienced lawyers in Europe, Asia and the US. We represent funds and investors across the full spectrum of industry focuses and fund product types. Our team works with general partners on fund raisings and their own structures; with limited partners (including some of the world’s most active institutional investors) on investments into private equity and other alternative investment funds; and we regularly advise on co-investments.

Our global approach allows us to share trends across the marketplace and provide a seamless platform to clients particularly those who are prominent in the emerging markets across Africa, Asia, India, and Latin America. We recently advised on the largest ever fund focused on Africa and our team was nominated for “Advisor of the Year” by Private Equity Africa (2015, 2014).


123

RisCura 5th Floor, MontClare PlaceClaremontCape TownSouth Africa

+27 216 736 999

www.riscura.com


Rory Ord Head, RisCura Fundamentals

Janis Kennedy Marketing

RisCura is a leading provider of independent valuation services to investors in unlisted investments in Africa. RisCura provides the transparency LPs need to make better private equity investment decisions, while freeing resources for GPs to focus on core activities. This is supported by reliable and robust reporting, based on local knowledge and delivered on the basis of global best practice. RisCura’s clients include private equity funds, infrastructure funds, credit funds, investment holding companies and other investment groups.

RisCura’s valuation services form part of the RisCura Group, a broad investment advisory firm. RisCura advises one of the largest investor bases in listed and unlisted African investments, covering institutional investors, asset managers, hedge fund and private equity firms with US$200bn in assets under management.


124

Ropes & Gray 60 Ludgate HillLondon EC4A 7AWUnited Kingdom

+44 203 201 1500

www.ropesgray.com


Alexandre Rene Partner

Maurice Allen Partner

Jasmine Miller Client Development Manager

Ropes & Gray is one of the world’s premier law firms, with more than 1,100 lawyers and legal professionals serving clients in major centres of business, finance, technology and government.

The firm has offices in London, Hong Kong, Shanghai, Seoul, Tokyo, New York, Washington, D.C., Boston, Chicago, San Francisco and Silicon Valley, and has consistently been recognised for its leading practices in many areas, including private equity, M&A, life sciences, health care, real estate, finance, investment management, hedge funds, tax, intellectual property, litigation, securities litigation, government enforcement, and privacy & data security.


125

Simmons & Simmons 5 Boulevard de la Madeleine75001 ParisFrance

+33 1 53 29 16 29

www.simmons-simmons.com


Noro-Lanto Ravisy Partner

Harriet Buxton Marketing and Business Development Executive

Simmons & Simmons has acted on matters involving the 54 African nations.

We advise on a huge variety of projects, including mining and natural resources, energy and infrastructure projects, telecoms and corporate deals, as well as finance and project finance transactions and disputes.

Our team from our international offices in Europe, the Middle East and Asia has the skills and resources to advise on any transaction, no matter how challenging or unusual, in any jurisdiction.

We advise clients from all parts of the world on English, French and OHADA law, as well as on a number of local law issues.

We have formed strong relationships with local counsels throughout Africa to enable us to combine our expertise with local law advice, and so to deliver an efficient and comprehensive service.


126

Stanwich Advisors One Dock StreetSuite 600Stamford, CT 06902United States

+1 203 406 1099

www.stanwichadvisors.com


Charles Daugherty Managing Partner

Heather Havill Marketing Coordinator

Stanwich Advisors utilizes its seasoned private placement team to provide senior, hands-on execution for a limited number of clients each year. Stanwich Advisors offers its clients an extensive range of services in preparing, structuring, and placing alternative investment funds, as well as assisting in document negotiation and post-closing support.

Stanwich focuses its placement efforts on a broad range of institutional investors including endowments, foundations, public and corporate pensions, consultants, funds-of-funds, financial institutions, sovereign wealth funds, and large family offices.

Since 1996, the Stanwich Advisors team has raised in excess of US$17bn for more than 40 funds from leading institutional investors based in North America, Europe, Asia, Australia, and the Middle East.


127

The New Practice 49, Raymond Njoku StreetSouth-West IkoyiLagosNigeria

+234 1 270 3647

www.tnp.com.ng


Baba Alokolaro Managing Partner

Located in Lagos, the commercial nerve centre of Nigeria, TNP is a solution oriented law firm. We are keen to demonstrate our commitment to clients by consistently maintaining the highest levels of trust and confidence.

Our expertise revolves around the whole gamut of legal practice with transactions in specialised areas including Corporate Finance, Energy, Commercial Advisory, Dispute Resolution, Information and Communication Technology, Conveyancing, Project Finance and Intellectual Property.

To us, understanding our client’s needs and providing cost effective tailor-made solutions is paramount. Thus, we view our relationship with clients as partnerships and strive to understand our clients’ businesses and industries. This enables us add increasing value to their strategic plans and undertakings while solving any legal challenges.

Our Counsel are vibrant, dynamic, innovative and result-oriented professionals with experience in diverse areas of law and commitment to being highly responsive and accessible.

As a solution provider, our style is to keep it simple.


128

Udo Udoma & Belo-Osagie St Nicholas House (10th & 13th Floors)Catholic Mission StreetLagosNigeria

+234 1 462 230 712

www.uubo.org


Myma Belo-Osagie Managing Partner

Dan Agbor Managing Partner

Folake Adebowale Partner

Udo Udoma & Belo-Osagie is one of Nigeria’s larger, full service corporate and commercial law partnerships with offices in four of Nigeria’s key business centres and an affiliate in Ghana.

Its private equity team advises global, regional and local funds, fund managers, institutional investors, financiers, beneficiaries and SMEs on diverse aspects of private equity practice including fund formation, tax structuring, investment, transactional and operational advice and regulatory reform.

The depth of expertise and experience, and the collaborative approach of its dynamic team, has been attributed as contributing to Udo Udoma & Belo-Osagie’s recurrently high international rankings, underscored by what is currently one of the highest ratios of internationally recognised partners, per firm, in the Nigerian market. The guiding philosophy of Udo Udoma & Belo- Osagie is the need to structure timely, practical and creative legal solutions that are commercially oriented and consistently sound on principle.


129

Uteem Chambers 4th Floor, Les Jamalacs BuildingVieux Conseil StreetPort LouisMauritius

+230 2117700

www.uteemchambers.com


Muhammad Reza Cassam Uteem Head of Chambers

Uteem Chambers is a leading law firm in Mauritius which provides high quality, efficient and pragmatic legal advice and solution in a timely manner to serve the clients’ needs.

The head of Uteem Chambers, Muhammad Reza Uteem, has for the past 20 years been advising clients in international transactions. He was formerly an associate at the US firm Winthrop Stimson Putnam & Robert (now Pilsburry Winthrop Shaw Pittman LLP) working in their Hong Kong, Tokyo and Singapore offices. He is assisted by a team of highly qualified legal professionals including lawyers qualified in Mauritius, England and Bangladesh. The members of Uteem Chambers are fluent in several languages including English, French, Hindi, Urdu, Creole and Bengali.

Uteem Chambers has been involved in some of the largest and more complex transactions involving Mauritius companies principally in the fields of banking and finance, securities law, corporate law, cross border insolvency, international tax and trusts laws and regularly appears in international dispute resolutions.


130

Webber Wentzel 10 Fricker RoadIllovo Boulevard Johannesburg 2196South Africa

+27 11 530 5000

www.webberwentzel.com


Sally Hutton Managing Partner

Mark Linington Partner, Head of the Private Equity Sector Group

Webber Wentzel has over 30 years of private equity advisory experience in the South African and wider African markets, acting for general partners, limited partners, management teams, financiers and portfolio companies.

We have developed and refined fund structures and transactional techniques which have become market accepted best practice in our markets, and we are consistently involved in the highest profile deals. We offer an integrated legal and tax solution to ensure efficient structuring and implementation of transactions to our clients’ best advantage.

We are able to offer our clients an integrated, flexible solution in Africa through our:• collaborative alliance with global firm Linklaters; • network of best friend law firms across the continent; and • associate membership of the Africa Legal Network, an

integrated network of 13 law firms in sub-Saharan Africa.

Webber Wentzel was recognised by Private Equity Africa as:• Funds Legal Advisor of the Year 2015; and• Deals Legal Advisor of the Year 2014.


131

Peer Associations

132

Association Morocco des investisseurs en Capital (AMIC)Moroccowww.amic.org.ma

Association Tunisienne des investisseurs en Capital (ATIC)Tunisiawww.atic.org.tn

East African Venture Capital Association (EAVCA)East Africawww.eavca.org

Egyptian Private Equity Association (EPEA)Egyptwww.epea-eg.org

Emerging Markets Private Equity Association (EMPEA)Pan-Emerging Marketswww.empea.org

South African Private Equity & Venture Capital Association (SAVCA)South Africawww.savca.co.za

PEER ASSOCIATIONS

133

Denham Capital 22Dentons 109Development Partners International 23DLA Piper 110DOB Equity (formerly DOB Foundation) 88

IIAF Capital 115IFC 70Injaro Agricultural Capital Holdings 31Inside Capital Partners 32Intercontinental Trust 116International Financial Services (IFS) 117International Housing Solutions 33Investec Asset Management 34Investisseurs & Partenaires 35Investment One 36D

Debevoise & Plimpton LLP 108DEG 66

EEaglestone Advisory 24Emerging Capital Partners 25Enko Capital Management LLP 26European Investment Bank 67EY 111

FFBN Capital 27FMO 68Fusion Capital 28

GG. Elias & Co. 112GEF Management Corporation 29Genghis Capital 89Gide Loyrette Bouel A.A.R.P.I 113Government Employees Pension Fund 69

HHeenan Paris (formerly Heenan Blaikie) 114Helios Investment Partners LLP 30

CCambridge Associates 102Capri Global Capital 17Casey Family Programs 64Catalyst Principal Partners 18Cauris Management 19CBO Capital 20CDC Group plc 65Centum Investment Company 87Charles Russell Speechlys LLP 103CKLB International Management 104Clifford Chance 105Clifftop Colony Capital Partners 21Control Risks 106Covington & Burling 107

AAfrAsia Bank 86Abax Corporate Services 97Actis 6Adenia Partners 7ADIA 61Adlevo Capital 8Aelex Partners 98AFIG Funds 9Africa Finance Corporation 62African Capital Alliance 10African Development Bank 63African Guarantee Fund 94African Infrastructure Investment Managers 11AfricInvest Group 12Agri Vie 13Alitheia Capital 14Amethis Finance 15Anjarwalla & Khanna / ALN 99Àrgentil Capital Partners Limited 16Augentius Fund Administration LLP 100Axonia Partners 101

Index

134

VVenture Partners Botswana 56Verdant Frontiers 57Verod Capital Management Limited 58

WWebber Wentzel Bowens 130

ZZephyr Mangement 59

KKeynes Private Equity 37Kibo Capital 38King & Wood Mallesons 118Kuramo Capital 79Kusuntu Partners 119

LLatham & Watkins 120Leapfrog Investments 39Lundin Foundation 71

MMBO Capital Management Limited 40Mediterrania Capital 41Metier 42Moringa Partnership 43

NNew York State Common Retirement Fund 72Norton Rose Fulbright 121

OOasis Capital Ghana 44Old Mutual Investment Group SA 80O’Melveny & Myers LLP 122Omidyar Network 90

PPanAfrican Investment Company, LLC 91Pantheon 81PCM Capital Partners 45Pearl Capital Partners 46Proparco 73PTA Bank 74

QQalaa Holdings 47

RRisCura 123

Ropes & Gray International LLP 124

SSango Capital Advisers Africa 82Siguler Guff 83Simmons & Simmons 125Soros Economic Development Fund 75South Suez 84Sparrow Investment Managers 48Standard Bank Group 95Standard Chartered 92Stanwich Advisors 126Swedfund International AB 76Swicorp 49Swiss Investment Fund for Emerging Markets (OBVIAM) 77Synergy Capital 50Syntaxis Capital 51

TThe Abraaj Group 52The Carlyle Group 53The New Practice 127TLcom 54

UUdo Udoma & Belo-Osagie 128Unique Venture Capital Management Limited 55Uteem Chambers 129

135

The information contained in this publication has been gathered from sources believed to be reliable and from secondary sources that were checked whenever possible, but it’s accuracy and completeness are not guaranteed. AVCA shall not be responsible for any inaccuracy unintentionally included in this publication. Readers should consult and rely solely on their own advisers regarding all pertinent, information, legal and accounting issues.

The information, formats, themes and presentations contained in this publication may not be reproduced, published or stored in any form, including electronically, without express permission of AVCA.

©2015 by the African Private Equity and Venture Capital Association. All rights reserved.

136

AVCA

The Banking Hall, Cropthorne Court, 26 Maida Vale, London W9 1RS United Kingdom

E: [email protected] W: www.avca-africa.org T: +44 (0)20 3632 0408

avca 2014/2015 member directory · 8 adlevo capital 15a idejo street p.o. box 70597 victoria island...

Documents