ACA invests in filmhouse cinemas and film one
November 1 2014 – African Capital Alliance (ACA) today announced its investments in Filmhouse Cinemas, the fastest growing cinema chain in Nigeria and Film One, its associated film production and distribution company.
Filmhouse opened its doors in December 2012 with the aim of delivering world class cinema experience to the Nigerian public. Backed by an experienced...
Chairman of ACA speaks at the 2014 Chartered Institute of Bankers of Nigeria (CIBN) investiture
October 20, 2014 – Chairman of ACA, Mr. Dick Kramer, gave the keynote address at the 2014 Chartered Institute of Bankers of Nigeria (CIBN) investiture, which held in Lagos. He spoke on the theme ‘Making Nigeria a major Destination for Foreign Direct Investment.’
According to Dick Kramer, privatizing downstream petroleum, unlocking natural gas potential,...
ACA features in the September issue of Private Equity International (PEI)
September 2014 – CEO of ACA, Mr. Okey Enelamah, discussed Nigeria’s growth potential in a keynote interview with Private Equity International.
Please click here to view the full interview on pages 13 & 14.
Protea Hotel Select Ikeja opens its doors
August 2, 2014Â – Capital Alliance Property Investment Company (CAPIC) an ACA-managed fund, has announced the opening of Protea Hotel Select Ikeja. Protea Hotel Select Ikeja is the result of a partnership deal made between CAPIC and the Skye Shelter Fund, a real estate investment fund, to increase the availability of quality, affordable business accommodation in the...
ACA exits First Hydrocarbon Nigeria Company limited (FHN)
July 5, 2013 – Capital Alliance Private Equity III (“CAPE III”), an ACA-managed fund, has realized its equity investment in First Hydrocarbon Nigeria Company Limited (FHN), an indigenous exploration & production company in Nigeria.
FHN was established by UK-listed Afren Plc in direct response to the Nigerian government’s policy to increase...
Cape III invests $75m in Union Bank of Nigeria PLC
September 2012 – African Capital Alliance (ACA) led a consortium of international investors (Union Global Partners) to recapitalize Union Bank of Nigeria Plc (UBN). The Consortium invested $500 million for a controlling stake in the bank. ACA invested $75 million as part of the Consortium.Union Bank, the former Barclays Bank in Nigeria, has operated for nearly a...