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.
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more