Published by Rowayton Press, LLC

GUIDE TO SUB-SAHARAN PRIVATE EQUITY

AFRICA CAPITAL DIGEST’S

2016

1

Introduction........................................................................................3

User Guide............................................................................................4

Firm Listings, A-Z...................................................................................6

Indexes...................................................................................206-245

Index of Investment Firms...........................................................206

Index of Investment Executives....................................................208

Index of Portfolio Companies.......................................................220

Index of Active Funds…………………..………………...……....…231

Index of Sector Preferences………..…………………......…..…....233

Index of Regional Preferences……..………………….....…..….…239

Index of Office Locations.............................................................242

Terms and Conditions..................................................................246

TABLE OF CONTENTS

4

USER GUIDEThe investor profiles in Africa Capital Digest’s 2016 Guide to Sub-Saharan Private Equity are organized alphabetically by company name, and are supplemented by 5 indexes Investment Executives, Portfolio Companies, Industry Sector Preferences, Regional Investment Preferences, Fund Sizes and Branch Offices.

As an example, we have created a fictitious profile which is below which illustrates the kind of information that is or might be included in each profile. Each numbered item is described on the following page.

ROWAYTON PARTNERS 1

235 Tom Mboya AvenueWestlandsNAIROBIKenya

Tel: +254-20-555-5555 3General Email: info@rp.com 4Web: www.rp.com 5

Private Equity Founded: 2008 7

Rowayton Partners is a private equity firm that targets buyout opportunities in small and medium-sized businesses…

John Smith, Managing Partner, jsmith@rp.com

RP Private Equity Fund I Size: $170 million RP Private Equity Fund II Size: Targeting $190 million

Generalist

101 Software, RCA Hotels, Sails Industries, Seafood Technology

Sub-Saharan Africa

London(Headquarters) 25 Fleet StreetLONDONTel: +44-20-7555-5555

MAIN AFRICA OFFICE: 2

COMPANY TYPE: 6

PROFILE: 8

INVESTMENTTEAM: 9 FUNDS: 10

PORTFOLIO: 11

SECTOR PREFERENCES: 12

GEOGRAPHIC PREFERENCES: 13

OTHER OFFICES: 14

5

USER KEY1. COMPANY NAME: Recognized name of the company

2. MAIN AFRICA OFFICE: Location of main office in Sub-Saharan Africa

3. TELEPHONE: Switchboard number or could be the sales, marketing or public relations department

4. GENERAL EMAIL: Usually the main office email

5. WEBSITE: Homepage of the firm’s website

6. FIRM TYPE: Classification as either a private equity fund manager, an infrastructure or venture capital investor, or an investment holding company with private company assets

7. FOUNDED: The year the firm was founded and launched

8. PROFILE: A description of the firm, its focus and investment preferences

9. INVESTMENT TEAM: Names, Job Titles and Email Addresses of the firm’s investment teams, sorted alphabetically byseniority

10. FUNDS: Names and Sizes of the firm’s unrealized funds, in active investment or divestment mode

11. PORTFOLIO: Names of the current private equity assets in the firm or firm’s fund portfolios, listed alphabetically

12. SECTOR PREFERENCES: List of industry sectors that the firm is most likely to invest in

13. REGIONAL PREFERENCES: Countries and Sub-Saharan Regions that the firm is most likely to invest in. When a country appears before a region, that indicates that the firm’s first preference is to invest in the country.

14. OTHER OFFICES: The address and telephone number of other office locations on the continent. International addresses are included in cases where they are the headquarters for the firm.

7

SUB SAHARAN PRIVATE EQUITY GUIDE PROFILES

11

002.

THE ABRAAJ GROUP

COMPANY TYPE:

PROFILE:

INVESTMENT TEAM:

68 Kijabe Street2nd Floor, Norfolk Towers NAIROBI Kenya

Tel: +254-20-222-8870Fax: +254-20-310-355 Web: www.abraaj.com

MAIN AFRICA OFFICE:

Private Equity Founded: 2002

The Abraaj Group is one of the world’s largest emerging markets investment firms, managing approximately $9 billion in assets. The firm’s private equity strategy is to acquire controlling or significant stakes, in transactions that typically range between $20 million and 100 million, with board representation in stable, well-managed businesses and then proceed to build value by improving operations, incentivizing management, using leverage and optimizing the portfolio company’s capital structure. To date, Abraaj has deployed $888 million in 58 deals in sub-Saharan Africa, realizing some 27 exits.

Jacob Kholi, Partner, jacob.kholi@abraaj.comNiels Bormans, Managing Director, niels.bormans@abraaj.comRon den Besten, Managing Director, don.denbesten@abraaj.comSandeep Khanna, Managing Director, sandeep.khanna@abraaj.comZahi El Khatib, Managing Director, zahi.elkhatib@abraaj.comShakir Merali, Managing Director, shakir.merali@abraaj.comCarlman Moyo, Managing Director, carlman.moyo@abraaj.comPeter Njoka, Managing Director, peter.njoka@abraaj.com Ashish Patel, Managing Director, ashish.patel@abraaj.comRavi Sharma, Managing Director, ravi.sharma@abraaj.comJad Abbas, Director, jad.abbas@abraaj.com Kwadwo Adjei-Barwuah, Director, kwadwo.adjei-barwuah@abraaj.comFrederick Kambo, Director, frederick.kambo@abraaj.comAhmad Mazhar, Director, ahmad.mazhar@abraaj.comOlusegun Oso, Director, olusegun.oso@abraaj.comIsaac Owusu-Ansah, Director, isaac.owusu-ansah@abraaj.comKiriga Kunyiha, Principal, kiriga.kunyiha@abraaj.comOghale Ighoavodha, Investment Professional, oghale.ighoavodha@abraaj.comAdetunji Nelson, Investment Professional, adetunji.nelson@abraaj.comDavid Kleiterp, Associate, david.kleiterp@abraaj.comToyosi Aganga, Associate, toyosi.aganga@abraaj.comJordan Filko, Associate, jordan.filko@abraaj.comMark Grondel, Associate, mark.grondel@abraaj.comHatem Heikel, Analyst, hatem.heikel@abraaj.comRuth Moko, Analyst, ruth.moko@abraaj.comNyika Nathaniel, Associate, nyika.nathaniel@abraaj.comMarloes Ras, Analyst, marloes.ras@abraaj.com

12

FUND:

PORTFOLIO INVESTMENTS:

SECTOR PREFERENCES:

GEOGRAPHIC PREFERENCES:

Ghana Mauritius Nigeria Regimanuel Gray Head Office Level 12 Block 12 Plot 3a Frajend CloseNo.2, La By Pass NeXTeracom Tower I Osborne Foreshore EstateLa Cybercity Ikoyi ACCRA EBENE LAGOS Tel: +233-302-770-212 Tel: +230-464-9494 Tel: +234-70-2799-6734 Fax: +233-302-765-118 Fax: +230-467-9393

South Africa1st Floor, The Place1 Sandton DriveSANDTONTel: +27-11-884-2066Fax: +27-11-884-2067

African Industrial Services, Aniniwah Medical Centre, AOS Orwell, Athi River Mining, Athi River Steel, Avenue Group, Aviance, Biasa Clinic, Bio-Plastics, Brookside Dairy, C&I Leasing, C&J Hospital, Compagnie Sahelienne D’industries, Computer Warehouse Group, Custodian & Alliance Insurance, Dashen Breweries, Deacons Kenya, Fan Milk International, Ghana Home Loans, Les Ciments du Sahel, Libstar, Lily Hospitals, Lusaka Trust Hospital, Mouka Ltd, Nairobi Women’s Hospital, Porini Holdings, Private Networks Nigeria, Real People, Regimanuel Gray Ltd, Revital Healthcare, Sanbox, SCAW Metals, Seven Seas, The Bridge Clinic & PathCare, Vine Pharmaceuticals

Cross-sector

Sub-Saharan Africa, North Africa

Aureos Africa Fund Size: $318 million Aureos Africa Health Fund Size: $105 million Abraaj Africa Fund III Size: $990 million

OTHER OFFICES:

118

KUKULA CAPITAL

COMPANY TYPE:

PROFILE:

INVESTMENT TEAM:

FUNDS:

PORTFOLIO:

SECTOR PREFERENCES:

AFRICANGEOGRAPHIC PREFERENCES:

Foxdale Office ParkSuite 101, Plot 609, Zambezi Road Roma LUSAKA Zambia

Tel: +260-211-295-792General Email: info@kukulacapital.comWeb: www.kukulacapital.com

MAIN AFRICA OFFICE:

Private Equity & Venture Capital Founded: 2009

Kukula Capital is a venture finance and private equity fund manager and advisory business. The firm acts as fund manager to two venture funds, targeting Zambian growth companies across a range of sectors with capital and strategic knowhow.

Tue Andersen, Managing Partner, tna@kukulacapital.comJito Kayumba, Partner, jk@kukulacapital.comNiels Bojsun, Managing partner, nb@kukulacapital.com Musopelo Mwanda, Senior Associate, mm@kukulacapital.comSteffen Tjerrild, Senior Associate, st@kukulacapital.comAlexander Clarke, Associate, ac@kukulacapital.comMiraj Desai, Associate, md@kukulacapital.comLombe Muzala, Associate, lm@kukulacapital.comChristian Rosenvold, Associate, cr@kukulacapital.com

Kukula Fund I Kukula Seed Fund

BBM, Betternow Finance, Dotcom Zambia, Jabulani Furniture, More Beef, PostDotNet

Consumer, Financial Services, Other

Zambia

097.

119

KURAMO CAPITAL PARTNERS

COMPANY TYPE:

PROFILE:

INVESTMENT TEAM:

FUNDS:

AFRICANGEOGRAPHIC PREFERENCES:

Mulliner Towers39 Alfred Rewane RoadIkoyi LAGOS Nigeria

General Email: info@kuramocapital.com Web: www.kuramocapital.com

MAIN AFRICA OFFICE:

Private Equity

Kuramo Capital is an alternative investment management firm that offers emerging and frontier market-focused investors the opportunity to invest in funds-of-funds, participate in co-investment opportunities and separately managed accounts to capture the growth opportunity in Sub-Saharan Africa. In private markets, Kuramo focuses on smaller regional or sector managers as well as deploy primary commitments in local private equity funds, secondary transactions and direct investments.

Walé Adeosun, Founding Partner & CIO, wadeosun@kuramocapital.comShaka Kariuki, Partner & Co-CIO, skariuki@kuramocapital.com Mobolaji Adeoye, Managing Director, madeoye@kuramocapital.comSarah Ngamau, Vice President, sngamau@kuramocapital.comLamide Adeosun, Analyst, ladeosun@kuramocapital.comFlorence Kimaiyo, Analyst, fkimaiyo@kuramocapital.comFaridah Usman, Analyst, fusman@kuramocapital.com

Kuramo Africa Opportunity Fund Size: $112.5 millionKuramo Africa Opportunity Fund II Size: Targeting $250 million

Sub-Saharan Africa

Kenya United StatesICEA Lion Centre, Block A 500 5th Avenue, 44th Floor2nd Floor, West Wing NEW YORKNAIROBI Tel: +1-212-792-9680

OTHER OFFICES:

098.

171

SCHULZE GLOBAL

COMPANY TYPE:

PROFILE:

INVESTMENT TEAM:

FUNDS:

PORTFOLIO:

SECTOR PREFERENCES:

GEOGRAPHIC PREFERENCES:

2nd Floor, Tensae BuildingCape Verde StreetBole Kifle KetemaWoreda 03, House Number 084 ADDIS ABABA Ethiopia

Tel: +251-11-662-2683General Email: info@schulzeglobal.com Web: www.schulzeglobal.com

MAIN AFRICA OFFICE:

Private Equity

Schulze Global is a frontier market investor whose private equity platform targets equity growth capital at businesses in leadership positions in their respective markets, are run by experienced management teams and have the potential to grow rapidly in comparison to their competitive set. The firm prefers to take minority stakes and actively engages with its investee company managements to help build value and realize the growth potential of their investments.

Greg Metro, managing Director, Ethiopia, greg.metro@schulzeglobal.comBlen Abebe, Vice President, blen.abebe@schulzeglobal.com Dawit Tilahun, Senior Associate, dawit.tilahun@schulzeglobal.com

Generalist

Family Milk, Flipper International School, Jalaanera Coffee, Kaliti, National Cement,Sa-Med

Ethiopia Growth and Transformation Fund Size: $87 million

Singapore (Headquarters)OCBC Centre #48-03/0465 Chulia StreetSINGAPORETel: +65-3158-1820

OTHER OFFICES:

Ethiopia

146.

205

SUB SAHARAN PRIVATE EQUITY GUIDE INDEXES

206

1k1v (One Thousand & One Voices), 001Abraaj Group, The, 002Accion, 003Acorn Private Equity, 004Actis, 005Acumen, 006Adenia Partners, 007Adinah Capital, 008Adlevo Capital, 009Advanced Finance & Investment Group (AFIG Funds), 010Africa Capital Alliance, 011African Century, 012African Infrastructure Investment Managers (AIIM), 013AfricInvest, 014Agis Investments, 015Agri-Vie, 016Alitheia Capital, 017Alpha Africa Asset Managers, 018AMB Capital, 019Amethis Finance, 020Angola Capital Partners, 021Ariya Capital, 022Ascent Capital Africa, 023Ashburton Investments, 024Ata Capital, 025Athena Capital, 026Bamboo Finance, 027Berkeley Energy , 028Brainworks Capital, 029Brait, 030Broadreach Capital, 031Business Partners, 032Capital Eye, 033Capitalworks, 034Capricorn Capital Group, 035CardinalStone Partners, 036Carlyle Group, The, 037Catalyst Principal Partners, 038Cauris Management, 039CBO Investment Management, 040Centum Investments, 041Coast2Coast Investments, 042

Collins Private Equity, 043Convergence Partners, 044CrossBoundary, 045Cytonn Investments, 046Databank Agrifund Manager (DAFML), 047Development Partners International, 048DOB Equity, 049Duet Group, 050Eaglestone, 051East Africa Capital Partners, 052Ecosur Afrique, 053EISER Infrastructure, 054Emerging Capital Partners, 055Empact Capital, 056Enablis, 057Energy Access Ventures, 058Enko Capital, 059Ethos Private Equity, 060Fanisi Capital, 061FBN Funds, 062Filao Capital Partners, 063Fortiz Private Equity, 064Frontier Investment Management, 065Fusion Capital, 066Global Capital, 067Global Environment Fund, 068Golden Palm Investments, 069Grassroots Business Fund, 070GroFin, 071Grovest, 072Growth Capital Partners, 073Harith General Partners, 074Heirs Holdings, 075Helios Investment Partners, 076Horizon Equity Partners, 077IDF Managers, 078Imbewu Capital Partners, 079Incofin Investment Management, 080Injaro Investments, 081Inside Capital Partners, 082Inspired Evolution Investment Management, 083International Housing Solutions, 084InVcap Corporation, 085

INDEX DATA

of Private Equity Investment Companies

208

Abakisi, Tony 005Abate, Melekot 045Abaza, Ziad 048Abbas, Jad 002Abdeljaouad, Wiem 127Abebe, Blen 147Abiola-Oloke, Gwen 071Abrogoua, Michel 126Acolatse, Shika 057Adbulla, Zaheer 113Adebanji, Segun 011Adebiyi, Adekunle 106Adelaja, Samuel 076Ademola, Adebisi 085Adeosun, Adeola 017Adeosun, Walé 098Adeosun, Lamide 098Adeoye, Bunmi 011Adeoye, Mobolaji 098Adeoye, Daniel 173Adesanya, Dami 076Adetoro, Gbenga 011Adeyinka, Adewale 014Adigun, Kemi 158Adjei-Barwuah, Kwadwo 002Aganga, Toyosi 002Ahmed, Hafeez 054Ahmed, Ridhaa 171Aimé, Alex-Handrah 055Aitken, Andrew 138Akinbo, Yemisi 011Akindele, Akintoye 158Akinola, Akinseye 171Akintayo, Ade 085Akinwunmi, Jumoke 017Akpesey, Prince 006Akwei, Richard 116Alabi, Laolu 148Alade, Adesloa 173Alam, Runa 048Alberts, Genevieve 137Albertyn, Roanne 159Albinski, Luc 171

Alemu, Ashenafi 178Alexander, William 076Alexander, William 087Ali, Shireen 076Ali Abdelhak, Mohamed 108Alimi, Ahmed 076Alimi, Sina 092Allen, Wilmot 045Alsina, Albert 108Alston, Simon 099Aluanga, Dennis 076Améguidé, François 042Ammer, Dieter 167Amoah-Ntim, Trish 173Amoils, Kevin 156Amoyaw, Festus 006Amu, Chudi 173Andersen, Tue 097Andre, David 119Angamia, Zeyn 008Anigbogu, Fred 169Antoine, Malik 045Anyiador, Pius 062Appiah-Korang, Nana 055Apter, Alan 051Arogbo, Ayodele 158Arora, Shiv 046Asmelash, Gaym 023Assiak, Emmanuel 011Aubertel, Jean-Philippe 088Aumeerally, Juvaria 050Ayo, Claude 059Ayodele, Mayowa 153Azeer, Ziyaad 149Ba, Ibrahim 057Ba, Souleymane 076Babaya, Justin 138Babaya, Greg 154Backer, Patrice 010Bahounoui, Aurore 055Bailes, James 026Baird, Peter 153Ball, Patrick 080

INDEX DATAof Investment Executives

220

@Source, 07710X Investments, 123131 Mmbatho Drive, 14724i, 1574Di Capital, 04472 Magadi Road, 129A to Z Textile Mills, 006AACE Foods, 141Aard, 118Abagold, 083Abuja Civic Cenre, 085Acacia Village, 104Acapulco, 083Accion Microfinance Bank, 027Accra Financial Centre, 139Acover, 175Actom, 005, 089, 123Acton Repair, 089Ad Dynamo, 086Adora Fine Jewellers, 078AE AMD Renewable Energy, 111, 147AFPOC, 083Afram Plantation, 068Africa Exchange Holdings, 075Africa Juice, 016Africa Oil, 076Africa Prudential Registrars, 075Africa Railways, 134African Century Agriculture, 012African Century Real Estate, 012African Industrial Services, 002African Olive, 078African Terminals, 158African Unity Insurance, 133AfriCap, 027Africardo, 127Africatel, 076Afrifresh, 153Afrisam, 025, 171Afritise, 104Afro Lounge, 078Agricare, 081AIIM Hydroneo, 013

Airports Company South Africa, 013Airtel Gabon, 055Airway Express, 172Akiira Geothermal, 065Alacrity, 033Alclad, 137Aldeia Nova, 174Aldwych, 074Alistair Services, 012AllLife, 100Allububble, 137Almasi Beverages, 041Alpha West (UAB), 014Aluvert, 137Amadiva, 162Amara Suites, 090Amber, 092ANAlysis, 105Andani Futuretech Manufacturing, 008Andela, 069Aniniwah Medical Centre, 002Aon, 160AOS Orwell, 002Apapa SPM, 076Aplomb Nigeria, 169Apollo, 100Aquatico, 177Aquila Capital, 014ARC Online, 008ArcAqua, 086Arco Marine & Oilfield Services, 036Argility, 033ARM Life, 100ARM Pension Managers, 076Ascendis Health, 042, 147ASCOM, 134ASEC Holding, 134Asilia, 016Asokoro Mall, 139Astrapak, 111AT&S, 169Athena Properties, 041Athi River Mining, 002

INDEX DATA

of Portfolio Companies and Assets

231

INDEX DATA

of Active Funds Under Management

Less than $100 million

Accion, 003Angola Capital Partners, 021Ascent Capital Africa, 023Ashburton Investments, 024Business Partners, 032Cauris Management, 039Coast2Coast, 042CrossBoundary, 045Databank Agrifund Manager (DAFML), 047Empact Capital, 056Enablis, 057Energy Access Ventures, 058Enko Capital, 059Fanisi Capital, 061Frontier Investment Management, 065Grassroots Business Fund, 070Horizon Equity Partners, 077Injaro Investments, 081Kibo Capital Partners, 093Kinyeti Venture Capital, 094Kleoss Capital, 095Knife Capital, 096Leaf Capital, 099Makalani, 102Mergence Investment Management, 110Musa Capital, 116Mustard Capital Partners, 117Nodus Investment Managers, 119Novastar Ventures, 121Oasis Capital, 122Pan African Private Equity Funds, 125PCM Capital Partners, 126Pearl Capital Partners, 127Pointbreak, 130Progression Capital Africa, 132Sanari Capital, 142Schulze Global, 146Spirit Capital, 152TBL Mirror Fund, 162Trinitas Private Equity, 166

Unique Venture Capital, 169Utho Capital Fund Managers, 170Venture Partners Botswana, 172Zico Capital, 177Zoscales Partners, 178

$100 million - $500 million

1k1v (One Thousand & One Voices), 001Acorn Private Equity, 004Advanced Finance & Investment Group (AFIG Funds), 010Agri-Vie, 016Alitheia Capital, 017Alpha Africa Asset Managers, 018Ata Capital, 025Berkeley Energy, 028Capitalworks, 034Catalyst Principal Partners, 038CBO Investment Management, 040Convergence Partners, 044Eaglestone, 051East Africa Capital Partners, 052EISER Infrastructure, 054Filao Capital Partners, 063Global Environment Fund, 068Grovest, 072 Incofin Investment Management, 080Inspired Evolution, 083International Housing Solutions, 084InVcap Corporation, 085Investec Asset Management, 087Investisseurs & Partenaires, 088Ke Nako Capital, 091Keynes Private Equity, 092Kuramo Capital Partners, 098LeapFrog Investments, 100MBO Capital, 106MCB Capital Partners, 107Mediterrania Capital Partners, 108Medu Capital, 109Mergence Investment Management, 110

233

INDEX DATA

of Sector Investment Preference

General or Cross-Sector

Abraaj Group, The, 002Agis Investments, 015Alpha Africa Asset Managers, 018AMB Capital, 019Angola Capital Partners, 021Ascent Capital Africa, 023Ashburton Investments, 024Broadreach Capital, 031Business Partners, 032Capitalworks, 034Capricorn Capital Group, 035Cauris Management, 039Collins Private Equity, 043DOB Equity, 049Empact Capital, 056Enablis, 057Enko Capital, 059Fusion Capital, 066Global Capital, 067Grassroots Business Fund, 070GroFin, 071Grovest, 072Growth Capital Partners, 073Helios Investment Partners, 076IDF Managers, 078Imbewu Capital Partners, 079Inside Capital Partners, 082Investec Asset Management, 087Kleoss Capital, 095Leaf Capital, 099ManoCap, 103Marlow Capital, 105MBO Capital, 106MCB Capital Partners, 107Medu Capital, 109Mezzanine Partners, 112Mineworkers Investment Corporation, 113Mkoba Private Equity, 114Musa Capital, 116Mustard Capital Partners, 117Nedbank Capital, 118

Nodus Investment Managers, 119Novastar Ventures, 121Old Mutual Private Equity, 123Pan African Private Equity Funds, 125Pointbreak, 130Principal Partners, 131PSG Private Equity, 133Rockwood Private Equity, 140Sanlam Private Equity, 144Sasfin Private Equity, 145Schulze Global, 146Senatla Capital, 147Spirit Capital, 152Standard Chartered Principal Finance, 153Stellar Capital, 155Stockdale Street, 156Synergy Capital Managers, 158ThirdWay Africa , 163Trans Africa Capital, 165Trinitas Private Equity, 166Unique Venture Capital, 169Vantage Capital, 171Venture Partners Botswana, 172

Agribusiness

1k1v (One Thousand & One Voices), 001Acorn Private Equity, 004Acumen, 006Adenia Partners , 007African Century, 012AfricInvest, 014Agri-Vie, 016Amethis Finance, 020CBO Investment Management, 040Centum Investments, 041Databank Agrifund Manager (DAFML), 047Emerging Capital Partners, 055Enko Capital, 059Fanisi Capital, 061Global Environment Fund, 068Golden Palm Investments, 069

239

INDEX DATA

of Regional Investment Preferences

Sub-Saharan

1k1v (One Thousand & One Voices), 001Abraaj Group, The, 002Accion, 003Acorn Private Equity, 004Actis, 005Adinah Capital, 008Adlevo Capital, 009Advanced Finance & Investment Group (AFIG Funds), 010African Century, 012African Infrastructure Investment Managers (AIIM), 013AfricInvest, 014Agis Investments, 015Agri-Vie, 016Ariya Capital, 022Ashburton Investments, 024Ata Capital, 025Bamboo Finance, 027Berkeley Energy, 028Brainworks Capital, 029Brait, 030Broadreach Capital, 031Business Partners, 032Capitalworks, 034Capricorn Capital Group, 035Carlyle Group, The, 037Coast2Coast Investments, 042Convergence Partners, 044CrossBoundary, 045Databank Agrifund Manager (DAFML), 047Development Partners International, 048Duet Group, 050Eaglestone, 051Ecosur Afrique, 053EISER Infrastructure, 054Emerging Capital Partners, 055Enablis, 057Energy Access Ventures, 058Enko Capital, 059Ethos Private Equity, 060Filao Capital Partners, 063

Fortiz Private Equity, 064Frontier Investment Management, 065Global Environment Fund, 068Golden Palm Investments, 069Grassroots Business Fund, 070GroFin, 071Harith General Partners, 074Helios Investment Partners, 076Incofin Investment Management, 080Inspired Evolution, 083Investec Asset Management, 087Investisseurs & Partenaires, 088KAgis Investmentso Tiso Holdings, 089Kaizen Venture Partners, 090Keynes Private Equity, 092Kibo Capital Partners, 093Kuramo Capital Partners, 098LeapFrog Investments, 100Maris Capital, 104Marlow Capital, 105MCB Capital Partners, 107Mediterrania Capital Partners, 108Metier, 111Mkoba Private Equity, 114Musa Capital, 116Nedbank Capital, 118Novare Equity Partners, 120Old Mutual Private Equity, 123Paean Private Equity, 124Pan African Private Equity Funds, 125Pearl Capital Partners, 127Pembani-Remgro Infrastructure Managers, 128Phatisa, 129Principal Partners, 131Qalaa Holdings, 134responsAbility, 135RMB Corvest, 137RMB Ventures, 138RMB Westport, 139Sanari Capital, 142Sango Capital, 143Sanlam Private Equity, 144Sasfin Private Equity, 145

242

INDEX DATA

of Private Equity Investment Firm Office Locations

Angola

Angola Capital Partners, 021Eaglestone, 051RMB Westport, 139Vital Capital, 174

Botswana

Novare Equity Partners, 120Venture Partners Botswana, 172

Burkina Faso

Investisseurs & Partenaires, 088

Cameroon

Emerging Capital Partners, 055

Central African Republic

XSML Capital, 175

Côte d’Ivoire

Adenia Partners, 007AfricInvest, 014Amethis Finance, 020Cauris Management, 039Ecosur Afrique, 053Emerging Capital Partners, 055Injaro Investments, 081Investisseurs & Partenaires, 088

Democratic Republic of Congo

Ecosur Afrique, 053XSML Capital, 175

Ethiopia

Ascent Capital Africa, 023Empact Capital, 056Schulze Global, 146Zoscales Partners, 178

Ghana

Abraaj Group, The, 002Accion, 003Acumen, 006Adenia Partners, 007Databank Agrifund Manager (DAFML), 047Duet Group, 050Enablis, 057Fortiz Private Equity, 064Golden Palm Investments, 069Injaro Investments, 081Mediterrania Capital Partners, 108Mustard Capital Partners, 117Oasis Capital, 122PCM Capital Partners, 126RMB Westport, 139Synergy Capital Managers, 158Vital Capital, 174

Kenya Abraaj Group, The, 002Actis, 005Acumen, 006African Infrastructure Investment Managers (AIIM), 013AfricInvest, 014Agri-Vie, 016Alpha Africa Asset Managers, 018Ariya Capital, 022Ascent Capital Africa, 023Bamboo Finance, 027Berkeley Energy , 028Business Partners, 032Catalyst Principal Partners, 038

243

Centum Investments, 041CrossBoundary, 045Cytonn Investments, 046DOB Equity, 049East Africa Capital Partners, 052Emerging Capital Partners, 055Enablis, 057Energy Access Ventures, 058Fanisi Capital, 061Frontier Investment Management, 065Fusion Capital, 066Grassroots Business Fund, 070GroFin, 071Helios Investment Partners, 076Incofin Investment Management, 080Kibo Capital Partners, 093Kuramo Capital Partners, 098Maris Capital, 104Novastar Ventures, 121Pearl Capital Partners, 127Phatisa, 129Progression Capital Africa,132Qalaa Holdings,134responsAbility, 135Silk Invest, 148TBL Mirror Fund, 162TLcom Capital, 164

Madagascar

Investisseurs & Partenaires, 088Madagascar Development Partners, 101

Malawi

Business Partners, 032Inside Capital Partners, 082

Mali

CrossBoundary, 045

Mauritius

1k1v (One Thousand & One Voices), 001Abraaj Group, The, 002Adenia Partners, 007Adlevo Capital, 009

Advanced Finance & Investment Group (AFIG Funds), 010African Century, 012Agri-Vie, 016Alpha Africa Asset Managers, 018Berkeley Energy, 028Brainworks Capital, 029Convergence Partners, 044Databank Agrifund Manager (DAFML), 047Ecosur Afrique, 053GroFin, 071Inside Capital Partners, 082InVcap Corporation, 085Kibo Capital Partners, 093Kinyeti Venture Capital, 094LeapFrog Investments, 100Maris Capital, 104Novare Equity Partners, 120Phatisa, 129Progression Capital Africa, 132RMB Westport, 139Sahel Capital, 141South Suez Capital, 149Tana Africa Capital, 161Xterra Capital, 176

Mozambique

African Century, 012Eaglestone, 051Maris Capital, 104ThirdWay Africa, 163

Namibia

Business Partners, 032Pointbreak, 130

Nigeria

Abraaj Group, The, 002Actis, 005Adlevo Capital, 009Africa Capital Alliance, 011African Infrastructure Investment Managers (AIIM), 013AfricInvest, 014Alitheia Capital, 017CardinalStone Partners, 036

246

Editor/Publisher: Allan CunninghamGeneral Manager: Teresa Hall

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The 2016 Guide to Sub-Saharan Private Equity – 1st edition Annual Includes Indexes Directory of private equity, asset management and investment holding companies located in the countries of Sub-Saharan Africa

Title: Africa Capital Digest’s 2016 Guide to Sub-Saharan Private Equity

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