ACA principal speaks at the 2017 IFC/EMPEA Conference
May 16, 2017, Washington, DC – ACA Principal, Ladell Robbins, participated in a breakout panel session on Sub-Saharan Africa during IFC’s 19th Annual Global Private Equity Conference in association with EMPEA.
In his remarks, Ladell noted that Africa needs more money in the right places as well as younger managers with new ideas about how to implement different strategies, such as middle market investing or co-investment, to take advantage of Africa’s opportunity.
The Annual Global Private Equity Conference attracts more than 850 delegates from 60+ countries and features in-depth keynotes and panel discussions on the future of emerging markets investing with on-the-ground perspectives from macro and regional experts and the most active investors.
Head of Real Estate speaks at the 14th AVCA Conference
April 5, 2017, Abidjan, Cote d’Ivoire – ACA Principal, Head of Real Estate, Obi Nwogugu, participated in a panel discussion themed “From the Ground Up – Brick by Brick,” during the 14th Annual African Venture Capital Association (AVCA) conference in Abidjan, Cote d’Ivoire.
The panel, comprising of a diverse group of fund managers, shared various investment strategies for backing real estate opportunities in Africa.
The Annual African Venture Capital Association Conference provides an important platform for private equity and venture capital professionals to discuss the most pertinent investment opportunities and issues facing the continent.
“Companies to inspire Africa” report highlights Beloxxi
March 31, 2017 – Following a multi-month selection process, the London Stock Exchange (LSE) today published “Companies to Inspire Africa, 2017”; a report which features companies operating on the African continent with promising futures. Beloxxi Industries Limited, an ACA investee company, was profiled in the report.
The “Companies to Inspire Africa, 2017” report was launched in partnership with the Africa Development Bank Group (AfDB), the CDC Group and PwC. Previous reports released by the London Stock Exchange include “1,000 Companies to Inspire Europe” and “1,000 Companies to Inspire Britain.” The objective of the report is to promote the development of African Capital markets by bringing global visibility and attention to privately held, high-growth companies across Africa.
Please click here to read the Beloxxi story on page 55 of the report.
SVP energy, speaks at the 5th annual energy finance forum
March 10, 2017, Lagos, Nigeria – Mr. Gbenga Adetoro, Senior Vice President, Energy, at Capital Alliance Nigeria, today participated in a panel discussion themed the “Role of private equity in shoring up local participation in Oil & Gas,” during the 5th Annual Energy Finance Forum (EFF) of the Centre for Petroleum Information (CPI).
In his opening remarks, Gbenga highlighted the important role private equity (PE) can play in providing not only long-term equity capital, but also institutional support, to help create indigenous champions in the upstream oil sector. According to him, the Nigerian upstream sector has a rich set of lower-risk upstream assets with significant capital requirements and debt capacity constraints, which presents a unique opportunity for PE, as the equity financing for these assets tend to be fairly sizable in an environment where there is a paucity of funds.
He also disclosed the immense opportunities for indigenous participation in the Oil Fields Services (OFS) space following the passing of the Nigerian Content Development Act in 2010 and stated that PE can provide the necessary equity financing and enabling platforms to catalyse consolidation in the OFS space.
He concluded by indicating that ACA continues to see attractive opportunities to back indigenous players across the oil & gas value chain despite the challenges in the Nigerian oil & gas industry and offered practical ideas on how entrepreneurs can attract private equity funding despite economic headwinds.
ACA closes $570 million Private Equity fund
August 26, 2016 – African Capital Alliance (“ACA”) today announced that it has raised a total of approximately $570 million of committed capital for its fourth private equity fund, Capital Alliance Private Equity IV Limited (“CAPE IV” or the “Fund”). As a result, ACA has become the first West Africa-focused fund manager to raise over $1 billion in aggregate capital commitments, since its formation in 1997.
Over its nineteen-year history, ACA has built a strong and diverse network of investors across the world and CAPE IV has attracted a broad mix by type and geography. The Fund has received support from leading institutions, including public and corporate pension funds, sovereign wealth funds, funds of funds and development finance institutions, some of whom have supported ACA since its first fund, CAPE I.
Commenting on the outcome of the CAPE IV fundraising, Mr. Cyril Odu, CEO of ACA, said: “The success of our fundraising is a strong endorsement, by both our existing and new investors, of ACA’s position as a premier player in West Africa and of the long-term economic fundamentals of the region. About a third of our fund is already committed and we continue to find compelling opportunities to deploy capital in investments which offer significant resilience and favorable growth prospects.”
CAPE IV intends to continue the successful strategy of ACA’s previous funds, focusing on an attractive and diversified pipeline of deals across its target sectors including: Business Services, Energy, Fast Moving Consumer Goods (FMCG), Financial Services, and Telecommunications, Media & Technology (TMT). Among the Fund’s initial investments are Beloxxi industries Limited, a leading Nigerian biscuit manufacturing company, and Continental Reinsurance Limited, the largest private Pan-African re-insurer outside of South Africa.
About African Capital Alliance
ACA is a leading investment firm sponsoring funds and managing investments in West Africa. Since its formation in 1997, ACA has raised over $1 billion in aggregate capital commitments across four private equity funds and one real estate fund.
ACA has made more than 40 investments across a number of high-growth sectors, including Business Services, Energy, Fast Moving Consumer Goods (FMCG, Financial Services, and Telecommunications, Media & Technology (TMT). The firm also has a history of successfully exiting investments and delivering strong returns to its investors.