Private Equity in Africa 2015
28 October 2015 | InterContinental Park Lane, London #FTPEA15
 

Lead Sponsor:

Coronation Capital is a private equity company focused on building sustainable businesses in the Sub-Saharan African Markets. The firm was established in 2014 as a Mauritian-based Private Equity investment management and advisory company targeting the financial services, digital technology, upstream oil & gas and real estate sectors in West-Africa, principally Nigeria and Ghana. The founder, principals and associates have several years of entrepreneurship, operational and investing experience and have assisted dozens of businesses become leaders in their sectors.

From a broader perspective, African countries have for some time been considered to be on the investment frontier – poised for growth and ripe with business opportunities. Sub-Saharan Africa is home to 10 of the 20 fastest growing countries in the world. With a rapidly burgeoning middle class, with increased spending power, on path to rival those of other emerging markets such as China, India and Brazil. In addition, consumer spending, manufacturing and service industries drive a large part of the African growth story, along with construction, retail, banking and telecommunications. Narrowing the perspective, with the recent rebasing of Nigeria’s GDP, Nigeria is now the largest economy in Africa and is the 24th largest in the world. In 2013, GDP was USD 500 billion, compared to the pre-rebasing measure of USD266 billion (an 89% increase). This growth and associated trends have created vast and diversified opportunities for businesses offering financial services and digital technology solutions to a burgeoning and increasingly tech-savvy middle class. Coronation was established to capitalise on these opportunities, as well as to make strategic investments in the real asset sectors (i.e. oil & gas, and real estate).

www.coronationcapital.com.ng
Our ambition at Allen & Overy is to help the world’s leading businesses both maximise the opportunities that globalisation presents and meet the potential challenges. As our clients have sought new markets, so have we. We are continuing to invest in a growing network of international offices that covers Europe, Africa, Asia Pacific, the Middle East and the Americas. With 45 offices in 32 countries, our footprint is among the largest of any legal practice. As a demonstration of our commitment to develop our presence in growth markets and our continued investment in Africa in particular, we opened an office in South Africa in 2014, building on the success of our launch in Morocco in 2011. Both our Johannesburg and Casablanca offices are key platforms for A&O’s strategy in Africa, enabling us to build on our existing African business. In addition to our presence on the ground, we have a dedicated Africa group comprising over 100 lawyers from across our network of offices. Over the past 20 years, the group, together with selected local counsel, has advised clients on numerous large-scale international transactions across the continent, providing an integrated service for clients doing business in the region.

www.allenovery.com
Value creation goes beyond the private equity investment cycle to portfolio company and fund advice. EY’s Global Private Equity Sector offers a tailored approach to the unique needs of private equity funds, their transaction processes, investment stewardship and portfolio companies’ performance. We focus on the market, sector and regulatory issues. If you lead a private equity business, we can help you meet your evolving requirements and those of your portfolio companies, from acquisition to exit, through a Global Private Equity network of 5,000 professionals around the world. Working together, we can help you meet your goals and compete more effectively.

www.ey.com

DFI Partner:

Founded in 1948, CDC Group plc is the UK’s Development Finance Institution. With net assets of £3.4bn, CDC’s mission is to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places. To do this CDC provides debt and equity capital, directly and through intermediaries, to businesses in Africa and South Asia. The financial returns from CDC’s investments are recycled into new investments. The organisation currently has capital at work in over 1,300 companies in 74 countries, working with 90 different fund managers.

www.cdcgroup.com

Co-Sponsor:

Casablanca Finance City Authority (CFCA) is a public private partnership dedicated to positioning Casablanca as an international financial center, and a premier gateway into African markets for financial institutions, regional headquarters of multinational corporations, and professional services firms. CFCA is empowered by law with the overall management and promotion of Casablanca Finance City (CFC).

www.casablancafinancecity.com
AfricInvest was founded in 1994 and is part of Integra Group, an investment and financial services company based in Tunisia. Uniquely positioned as one of the most experienced private equity investors on the continent, AfricInvest has dedicated investment teams focused on North Africa and Sub- Saharan Africa, and employs some 50 professionals based in six offices. AfricInvest manages more than USD1bn across 14 funds and benefits from strong, long-term support from both local and international investors, including leading development finance institutions in the United States and Europe. Having co-founded the African Venture Capital Association (AVCA) as well as the Middle East North Africa Private Equity Association (MENAPEA) and the Euromed Capital Forum, the fi rm is an active promoter of the private equity industry in the region. Since 1994, AfricInvest has invested in 125 companies across 25 African countries in a variety of high growth sectors and maintains a broad network of high quality executives across Africa, offering extensive expertise in key growth industries, including financial services, agribusiness, consumer/retail, education and healthcare.

www.africinvest.com
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 EUR 280 m in equity and USD 150 m in debt. After two years and half of operations Amethis has already disbursed over 60% of its equity commitments.

www.amethisfinance.com
FSD Africa is a non-profit company which promotes financial sector development across sub-Saharan Africa. It sees itself as a catalyst for change, working with partners to build financial markets that are robust, efficient and, above all, inclusive. It uses funding, research and technical expertise to identify market failures and strengthen the capacity of its partners to improve access to financial services and drive economic growth. Its funding comes from the UK’s Department for International Development (DFID). FSD Africa works closely with a network of financial sector development programmes – the FSD Network – which comprises two regional FSDs (FSD Africa based in Kenya and FinMark Trust based in South Africa) as well as seven national FSDs - in Kenya, Mozambique, Nigeria, Rwanda, Tanzania, Uganda and Zambia. The FSD Network is a world-leading proponent of the ‘making markets work for the poor’ approach, and specialises in inclusive financial sector development through interventions such as SME finance, agriculture finance, housing finance, savings groups, and digital financial services. A number of FSDs are also starting to explore financial sector development for growth through capital market development interventions such as technical assistance to stock exchanges and regulators as well as the capitalisation and launch of new products or services. Together, the FSDs represent a collective investment of over £290 million by DFID and a number of other funding partners including the Bill & Melinda Gates Foundation and the governments of Sweden, Denmark, the Netherlands and Canada. Collectively, the FSD Network employs over 125 full time members of staff across sub-Saharan Africa.

www.fsdafrica.org

Networking Sponsor:


South African Airways is a facilitator of growth, bringing the world to Africa and taking Africa to the world, with double daily flights from Heathrow to Johannesburg and onward connections to over 30 destinations in Southern Africa.

www.flysaa.com

Exhibitors:



B Analytics is an impact measurement, management and reporting platform used by over 150 investors, supply chain managers, business networks and governments. B Analytics enables organizations to measure what matters, capturing the impact of the companies they work with and allowing for benchmarking of data against over 35,000 companies in over 100 countries -- the largest database of private company impact data in the world. B Analytics is the platform that powers GIIRS Impact Ratings. GIIRS, launched in 2011, provides comprehensive impact ratings for over 80 private equity funds around the globe, and has evaluated over 700 portfolio companies through the rating process. GIIRS considers both the ESG or Operational impact and their Impact Business Model (products and services, target beneficiaries) of a business or fund. B Analytics is a product of B Lab, the non- profit organization behind B Corporations.

b-analytics.net

The Alternative Assets Network was set up in 2000 in order to inform and connect the global private equity and venture capital community. We believe that global economic growth is, at its heart, driven by entrepreneurial activity, which needs support, commitment and investment from a vibrant and efficient private equity industry. We support and promote the industry by serving its information needs and by facilitating a worldwide interactive community. AltAssets provides a global investor network supplemented by leading industry events, valued news and views, and a complete private equity app with research and directories designed to provide big data in the palm of your hand.

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