Allocations
Green Africa Power (GAP) has signed a five-year contract with EISER Infrastructure Partners, in collaboration with Camco Clean Energy, for the provision of fund management advice and services.
GAP, an initiative of the Private Infrastructure Development Group Trust (PIDG), will offer long term loans and contingent lines of credit to privately-owned renewable power generation projects in the most under-developed countries in Africa.
GAP will invest alongside commercial lenders and equity investors in transformational renewable energy projects in order to stimulate private investment in developing African countries. GAP will aim to influence the overall policy environment for financing of renewable
Private equity firms invested USD1,944 million across 88 Indian deals during the quarter ended June 2014, according to early data from Venture Intelligence.
The investment amount was 28 per cent lower than that invested in the same period last year (USD2,693 million across 114 transactions) and 20 per cent lower than that invested during the immediate previous quarter (USD2,436 million being invested across 109 transactions).
There were four PE investments worth USD100 million or more (with one above USD200 million) during Q2’14 compared to eight such transactions (including three over USD200 million) in the same period last year and
The Russian Direct Investment Fund (RDIF) and a consortium of international institutional investors from China, Singapore, UAE, Qatar, US, UK and Germany have invested in the Moscow Exchange.
The consortium will purchase a part of the Moscow Exchange stake being offered by the Central Bank of Russia.
RDIF has been a shareholder in the Moscow Exchange since early 2012. The fund initially purchased shares in the company prior to its IPO through a series of co-investment transactions with blue-chip investors exceeding USD1bn. These included the European Bank for Reconstruction and Development (EBRD), Cartesian Capital, BlackRock, China Investment Corporation and Kuwait
R&R Ice Cream has completed its acquisition of Peters Food Group, a manufacturer of take-home ice cream in Australia.
Peters, based in Mulgrave in Melbourne, manufactures iconic brands such as Drumstick cones and Connoisseur tubs and sticks, and has been acquired for an enterprise value of circa AUD440 million (approximately EUR305 million).
It achieved an adjusted EBITDA of AUD51 million (approximately EUR35.5 million) for the 12 months ended 31 March 2014.
For the same period R&R, the second largest manufacturer of take home ice cream in Europe, achieved an adjusted EBITDA of EUR95 million.
R&R chief executive
Techniwood Group has raised EUR5m from Electranova Capital, the cleantech investment fund managed by Idinvest Partners in partnership with EDF, one of the world’s largest utility companies.
The capital raised will be used to support the growth of Techniwood’s industrial business, both in France and internationally.
Techniwood is a widely recognised player within the sustainable building sector in France. The company’s flagship product PANOBLOC was awarded the Gold Trophy for Innovation at the BATIMAT 2013 in Paris. The new industrial construction system, based on a high-efficiency wood/insulation composite, is designed for sustainable construction and building renovations.
François Pelissier,
Rutland Partners has completes a GBP85 million investment in Maplin Electronics, the UK electronics retail chain.
Having started in 1972 as a small mail order business, Maplin has grown considerably over the years and has established itself as a national electronics chain with over 210 stores across the UK and Ireland.
After a challenging few years, a new management team was introduced in 2012, led by John Cleland, chief executive, to reposition the business. In particular, they have refreshed the store experience, invested in a new web platform and refocused the business on innovation and 'first in, last out'
A private equity consortium led by Ethos Private Equity has acquired approximately 80 per cent of the RTT Group for an undisclosed sum.
Other key shareholders in the consortium are African Development Partners II, a private equity fund advised by Development Partners International (DPI), and the Government Employees Pension Fund (GEPF), represented by the Public Investment Corporation (PIC).
RTT’s current senior management team and a black empowerment staff trust will hold the remainder of RTT’s share capital.
Freddy Moore, RTT Group chief executive, says: “My management team and I are delighted to be partnering with our new shareholders.
Arma Partners acted as exclusive financial advisor to Rule Financial on its sale to GFT Technologies, a Frankfurt Stock Exchange-listed provider of IT services to the financial services industry.
Rule is a specialist in the provision of business consultancy, IT consultancy and IT services to the global investment banking industry.
Rule’s clients include nine of the top 10 global investment banks.
Rule has over 800 employees around the world focused on servicing the needs of the financial services sector.
The Association of the Luxembourg Fund Industry (ALFI) and the Asset Management Association of China (AMAC) have signed a memorandum of understanding (MoU) designed to deepen their collaboration.
The agreement focuses on developing activities to create mutually beneficial opportunities for the fund industries in both countries.
Luxembourg is the second largest investment fund industry in the world after the US and a valuable partner for the Chinese asset management industry in its strive to diversify internationally.
The agreement was signed in Beijing by Marc Saluzzi, chairman of ALFI, and Sun Jie, chairman of AMAC, on the sidelines of
Kingdom Holding Company (KHC) and PineBridge Investments Middle East are to establish a joint venture platform to invest in direct private equity opportunities in Africa.
The MOU was signed by both Dr Adel Alsayed, KHC’s executive director for private equity and international investments, and Talal Al Zain, chief executive officer of PineBridge Investments Middle East.
The joint venture between KHC and PineBridge Middle East will invest in African companies, in response to rising investor demand for exposure to the continent’s fast growing economies. Key focus sectors include manufacturing, consumer driven sectors, infrastructure, financial services and other sectors.
Prince Alwaleed Bin
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12 November, 2026 – 8:00 am
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