Helios Investment Partners closes USD 900mn African PE fund.

By bne IntelliNews June 16, 2011
Private equity firm Helios Investment Partners has announced the final closing of its second Africa-focused fund at the fund's USD 900mn cap. The new fund, Helios Investors II, L.P., will invest USD 25mn to USD 250mn of equity per transaction in various forms, including business formations, growth equity investments, structured investments in listed entities and large leveraged acquisitions, the firm said in a statement. The fund's investments will be focused on high-growth sectors which have been deregulated, are core to the economy and are sectors in which the firm has particular expertise. These include telecommunications & media, financial services, power & utilities, distribution & logistics and fast moving consumer goods. Helios II was substantially oversubscribed, despite the challenging global fundraising market conditions, with demand exceeding USD 1bn, the firm said. Helios Investment Partners was established in 2004 and is led by co-founding partners Tope Lawani and Babatunde Soyoye. Its portfolio companies operate in more than 25 countries.

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