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According to the African Private Equity and Venture Capital Association’s (AVCA) recently released 2021 Annual African Private Capital Activity Report, the total value of private capital deals reported in Africa reached a record high of $7.4 billion during the year, representing a 118% increase compared to $3.4 billion registered in 2020, and surpassing the annual average deal value of $4 billion between 2016 and 2020 (+85%).
AVCA says this signifies the gradual maturation of private investment in Africa, which rose at 13% (CAGR 2016-2021). Further, the findings are a testament to the success and visionary work of firms whose pioneering
Global investments firm KKR has acquired Twenty Anson, a prime-grade office building in Singapore’s central business district (CBD).
The transaction marks KKR’s first real estate office investment in Singapore, and reflects KKR’s confidence in Singapore’s position as a leading regional financial hub and the long-term prospects of its office real estate market.
Completed in 2009, Twenty Anson is a 206,163-square-foot commercial building in the heart of the Tanjong Pagar precinct and part of Singapore’s CBD. The building sits at the nexus of multiple new office, hotel and retail, and residential developments, and is situated near public transportation networks. The prime-grade
Oxford Science Enterprises, the Science Business Builder which transforms science from the University of Oxford into businesses, has appointed Richard Laxer to its Board of Directors, as an independent non-executive director.
Laxer is a veteran of GE Capital, serving the company for 34 years before retiring in 2018 as CEO and Chairman. He held a number of senior executive roles at GE Capital across the US, Asia and Europe, leading global teams to develop and execute financing strategies that were critical to the success of a broad range of multi-billion-dollar world-leading businesses.
Since leaving GE Capital, Laxer has used
AXA IM Alts, a specialist in alternative investments with c €183 billion ($202 billion) of assets under management, has appointed Stephan Ackermann to the newly created role of head of client group, North America.
This strategic appointment forms part of AXA IM Alts’ ongoing expansion of its international platform, allowing it to better serve its global client base and achieve its significant growth ambitions in the Americas region and in the US in particular.
Ackermann, who was most recently head of client capital group Asia Pacific & US at AXA IM Alts, has relocated to New York to lead
Womble Bond Dickinson has appointed Damian C Georgino as a partner in the firm’s Corporate and Securities Group in Charlotte, North Carolina.
Georgino advises US and international corporations, including Fortune 50 companies, financial institutions, private equity funds, and other investors in complex transactions involving water and wastewater, energy, industrial/manufacturing, infrastructure, technology, and natural resource projects.
In his more than 25 years of experience, Georgino has advised clients on transactional – including investments, financings and structures, risk management, and compliance – and operational matters across a variety of industries. He has extensive experience in buy-and-build and hyper-growth strategies, structures, financings,
Israeli deep tech fund VentureIsrael has appointed Olga Fler as Chief Impact Officer.
The Stephens Group, a private investment firm backed by the Witt Stephens and Elizabeth Campbell families, has hired four new employees to bolster its business development, investment, and operational teams.
Ryan Morrow was hired as a Principal to focus on technology investing and is responsible for all aspects of deal sourcing, evaluation, and execution of new technology-focused investments as well as partnering with portfolio company management to execute strategic and operational initiatives.
Callie Blankenau was hired as a Senior Associate to assist with the business development efforts and is actively involved in sourcing and originating new transactions on behalf of
Clipboard Health, a profitable, app-based marketplace that matches healthcare professionals with open shifts at healthcare facilities near them, has secured $80 million in funding over two rounds, bringing the company’s total financing to more than $90 million, with a Series C post-money valuation of $1.3 billion.
The $80 million was raised over two rounds of funding: a $30 million Series C round, which closed in February 2022, and a $50 million Series B round, which closed last year. The latest round was led by Sequoia Capital and the Series B was led by IVP.
Additional investors in the company include
Investment firm Norwest Equity Partners (NEP) has appointed Billy Hegeman, an operating executive and business advisor, as an operating advisor.
Maven VCTs and the North East Development Capital Fund (NEDCF), supported by the European Regional Development Fund and managed by Maven, have invested £2.2 million in Reed Thermoformed Packaging Ltd (trading as iPac Packaging Innovations).
The transaction is split evenly between NEDCF and the Maven VCTs.
The NEDCF first provided funding to iPac in 2019 to help it invest in state-of-the art equipment, including new thermoform machines. The business has since tripled its revenues to over £10 million.
Today’s funding will support the scaling of the business, facilitating an increase in the manufacturing lines from 5 to 13 within five
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