Africa’s 5 largest private equity deals – Ernst & Young
0Private equity deals in Africa have ramped up in recent times with over $3 billion worth of deals closed in 2011. Ernst & Young recently profiled five of Africa’s largest 2011 private equity deals in its Private equity roundup – Africa report.
Check out 5 of Africa’s largest private equity deals below. The list is dominated by Southern and Western African countries but also features Kenya’s Rift Valley Railway deal with a deal value of $110 million.
1. Tracker Network Limited
Deal Value: $434 million
Country: South Africa
Firm: Actis Capital, RMB Ventures
Led by Actis Capital, the Tracker Network Limited acquisition was the largest in the region with a deal value of about $434 million. Through the deal, Actis acquired a 40% stake in the business. Tracker is currently South Africa’s market leader in the vehicle recovery market and is looking to expand across the South African market in the next 5-7 years.
2. Universal Industries Corporation
Deal Value: $184 million
Country: South Africa
Firm: Ethos Private Equity Limited
Food refrigeration and heating systems manufacturer, Universal industries Corporation got a $184 million investment by Ethos Private Equity in a leveraged buyout deal in August 2011. Through the deal, Ethos worked to enhance the company’s operational efficiency to grow its local and pan-African market share.
3. Eaton Towers
Deal Value: $150 million
Country: Ghana
Firm: Capital International, Inc
African tower company, Eaton Towers notably raised about $150 million in financing from Capital International Inc. to expand its Africa tower sharing business as well as to enable Eaton buy additional tower portfolios from operators.
4. Interswitch Limited
Deal Value: $110 million
Country: Nigeria
Firm: Helios Investment Partners LLP, Adlevo Capital Managers LLC
Nigerian payment processing company, Interswitch got a $110 million capital investment representing a 65% acquisition stake to power the company’s growth plans which includes expanding into chip-and-pin card processing, from magnetic strip cards-based services .
5. Rift Valley Railways
