Private Equity in Southern Africa 2013
 

Co-hosted by

 
 
Financial Times Live, the global conferences and events arm of the Financial Times newspaper, gathers pre-eminent public and private sector decision-makers, visionaries and strategists from the world’s most important economies and industries for a wide range of interactive, agenda-setting programmes that combine the power of on-site discussion and networking with the flexibility of live-streamed broadcasting.
 
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Please visit www.ft-live.com
 


Co-hosted by
 

 
SAVCA is the industry association representing over 90 fund managers in the South African venture capital and private equity industry in South Africa, accounting for about R120bn in assets under management. Formed in 1998, its mission is to play a meaningful role in venture capital and private equity in South Africa, by promoting the interests of the industry with investors and regulators, researching industry trends and disseminating information about the asset class.

Please visit www.savca.co.za


 
Co-hosted by
 

 
The Emerging Markets Private Equity Association (EMPEA) is an independent, global membership association whose mission is to catalyze private equity and venture capital investment in emerging markets around the world. Our 300-plus member firms share in the belief that private equity can provide superior returns to investors while creating significant value for companies, economies and communities in emerging markets. With access to an unparalleled global network, EMPEA provides its members a competitive edge for raising funds, making good investments and managing exits to achieve superior returns.

Please visit www.empea.org 



Lead sponsor
 
 
 
Founded in 1984, Ethos Private Equity is a leading South African private equity fund manager.

With over 25 years of successful investing, our strategy is time-tested and proven across a range of economic and political cycles. Independently owned and managed by its investment professionals, ensuring that Ethos remains a management-driven firm whose interests are strongly aligned with those of our stakeholders.
As a control and growth investor, Ethos takes an active ownership role in its portfolio companies, utilising proven value creation strategies to generate superior and consistent returns for investors.

Our core premise is that the businesses into which Ethos invests are stronger, more robust, more sustainable and more valuable on exit than they were prior to Ethos’ ownership.

Ethos is currently raising Fund VI, focusing mostly on control acquisitions and expansion capital in medium-to-large companies in South Africa and selectively in sub-Saharan Africa.

Please visit www.ethos.co.za 



Lead sponsor
 

 
Harith General Partners is the leading Pan-African fund manager for infrastructure development across the continent. Based in South Africa, Harith manages Africa’s first and only 15-year infrastructure fund, the Pan African Infrastructure Development Fund (PAIDF). The US $630m fund is invested in a number of major projects in diversified sectors such as energy, transport and information, communication and telecommunications. The PAIDF is supported by African capital wholly raised from state pension funds, leading development finance institutions, top investment banks and financial institutions. Harith has offices in Ghana, Tunisia and London. The Harith team is made up of highly experienced and appropriately skilled investment professionals who are knowledgeable about investing in the continent.

"Harith" is a word of North African origin meaning literally a plough, protector or "the lion which digs the earth", evoking imagery of a cultivator, guardian and leader.

The name is therefore appropriate as we envisage our role as ploughing the African continent by sowing desperately needed infrastructure to reap regional and common growth, and then offering our investors to share in the fruits of the harvest. With such a sensitive balance of priorities, Harith is also in the role of protector of interests of all our stakeholders including investors, the affected communities. In short, Harith is a leader in providing investors the opportunity to participate in securing a sustainable future for the African continent while delivering superior financial and social returns.

In its short existence, Harith has already been awarded the Infrastructure Fund of the Year award for three successive years (2009; 2010 & 2011) by African Investor.

Please visit www.harith.co.za
 


Lead sponsor
 

 
Nedbank Capital is the investment banking arm of Nedbank Group, one of the four largest banking groups in South Africa. Our full spectrum investment banking offering stretches from debt advisory and long-term project financing to equity trading and research.

Nedbank Capital’s Private Equity offering is one of southern Africa’s leading private equity investors. Its core investment focus is to participate in ‘Management Buy-outs’ and ‘Management Buy-ins’ primarily of unlisted companies, which have an established track record of profitability and exhibit positive earnings growth prospects. In this regard, the team seeks to partner with entrepreneurs and management teams by investing from upwards of R30 million in individual transactions. Nedbank Capital Private Equity operates like an independent private equity fund manager that invests capital directly off the Nedbank Group’s balance sheet, giving it the advantage of not being constrained by the usual investment and/or disposal time horizon pressures.

Our Acquisition and Leveraged Finance offers a full-service solution that includes arranging, underwriting, structuring, funding and syndication of acquisition finance, leveraged debt and structured finance transactions.

Please visit www.nedbankcapital.co.za
 


Lead sponsor
 

 
Webber Wentzel is an African law firm, with over 400 professionals, providing legal support to South African and international clients in relation to their operations on the African continent.

The firm has over 20 years of private equity advisory experience and is widely regarded as a market leader in private equity fund formation and transactional work in Africa. Clients include leading South African and international private equity and venture capital houses, as well as investors, financiers and management teams.

Webber Wentzel's private equity experts have developed and refined many of the fund structures and transactional techniques that have become market-accepted best practice in South Africa, and has consistently been involved in the largest and most high profile private equity matters in the market. Many of the firm's partners are recognised as leading practitioners in the private equity field, as well as in the fields of banking, capital markets, corporate finance, M&A and tax.

In addition, Webber Wentzel has also entered into a collaborative alliance with global law firm, Linklaters, which is recognised for its leading African practice. The alliance will see the two firms working closely together for the benefit of clients in Africa, including in private equity.

Please visit 
 www.webberwentzel.com or follow
@WebberWentzel on Twitter.



Co-sponsor
 

 
Global Environment Fund, a Washington, DC based private equity firm founded in 1990, invests around the world in businesses that provide cost-effective solutions to pressing energy, resource and environmental challenges. GEF’s investments draw upon decades of operating experience in three distinct markets—US-based companies providing leading environmental and clean energy technologies and services; emerging market businesses in rapidly growing clean energy and environmental services markets; and timberlands in attractive locations in the southern hemisphere. The firm has offices in South Africa, Brazil, India, China, Washington, DC and other key markets. GEF currently manages approximately one billion dollars in private equity investments for institutional investors including university endowments, foundations, family offices and pension funds.
 


Co-sponsor
 

 
International Housing Solutions (Pty) Ltd, who is the fund manager of the South Africa Workforce Housing Fund has been active in South Africa since January 2007 and has raised R1.97 billion for investment in low and moderate income housing in South Africa. From South African and International investors it is anticipated that we shall provide equity finance for 35,000-50,000 housing units through the life of the Fund. Overall, to date, we have committed about R 1.0 billion in South Africa which will provide over 25,000 housing units for sale and rent.
 


Co-sponsor
 
KPMG
 
KPMG has had a significant presence on the African continent for over 100 years and currently employs 8000 professionals in 43 offices across 30 countries. We are able to serve our clients in any of the 55 countries that make up Africa today.

KPMG firms have a longstanding commitment to the global PE community. In offices across our international network dedicated professionals experienced in private equity focus on the needs of the PE community and its investors. KPMG’s Private Equity Group comprises practitioners from Advisory, Tax and Audit practices, including Corporate Finance, Transaction Services, Restructuring and Forensics.

When developing their services and strategies, KPMG member firms take account of the individual requirements of their clients in different markets and different industries. We are committed to providing an integrated and tailored service of the highest standard – shaping our team to the needs of our clients.
 
Please visit www.kpmg.com
 

 

Co-sponsor
 

 
A dynamic and an innovative business within the Old Mutual Investment Group SA (OMIGSA), Alternative Investments is the largest alternative investment manager in South Africa. With assets under management in excess of R38 billion*, we manage investments in private equity, infrastructure, mezzanine debt and in a range of development impact funds.

Within our private equity funds, we have successfully invested over R6.1 billion** in 23 direct South African-based investments and returned over R13 billion to investors over the last 12 years. We further manage R5.4 billion** in international private equity funds of funds.

As the country’s largest private infrastructure investor, we primarily invest in toll roads, railroads, airports and prisons. More recently, we have become major funders of the government’s renewable energy programme, investing in 12 different hydro- and solar-powered energy projects.

Our Development Impact Funds invest largely in social infrastructure, with a specific focus on affordable housing and providing access to quality education.

Source :OMIGSA.
*AUM’s as at 30 September 2012.
** As at 31 December 2012.
 
Please visit www.oldmutual.co.za



LP masterclass sponsor

The Commmonwealth Secretariat
 
The Commonwealth is a voluntary association of 54 countries and home to more than two billion citizens spread across six continents and oceans from Africa to Asia, the Americas, the Caribbean, Europe and the South Pacific. It accounts for almost a quarter of the world’s governments and a fifth of global trade. The Commonwealth Secretariat executes plans agreed by Commonwealth Heads of Government through technical assistance, advice and policy development. Through its’ Commonwealth Private Investment Initiative (CPII), the Secretariat has helped to raise US$800 million for investment in emerging markets through a series of regional private equity funds. Over the past two years, the Secretariat has led efforts to introduce African institutional investors to private equity as an asset class.
 
 


Supporting organisation
 

 
African Venture Capital Association (AVCA)
 
Please visit www.avcanet.com 
 



Supporting organisation
 

 
Limited Partner, is a quarterly magazine aimed at exploring the crucial role of institutional investors in private equity funds, and the interconnect between these LPs and the fund managers they support. Published by AltAssets, the magazine is targeted at the individuals and organisations who provide the essential capital that fuels global private equity activity. Written with the LP perspective in mind, we aim to shed light on what can often seem an under-served area in terms of objective news, views and insights. Already used by over 100,000 professionals each month, in over 150 countries, AltAssets provides the latest breaking news, with a greater focus on the stories that matter and exclusive updates on the key issues facing professionals across the investor spectrum.
 
Please visit www.altassets.net