About Norfund
Norfund facilitates economic growth and poverty reduction by investing risk capital in profitable businesses in developing countries.
The message is loud and clear: “Sustained economic growth reduces poverty. The link is equally clear between economic growth and strong private investment.” (Report to the UN secretary-general, Unleashing entrepreneurship - making business work for the poor, March 2004)
Norfund is a Norwegian development financial institution (DFI) which invests risk capital in profitable private enterprises in most countries of Africa, Asia, Latin America and the Balkans. Any country with a GNI per capita of less than USD 6055 is eligible for these investments (DAC List of ODA Recipients). Norfund will contribute to the realisation of viable projects which balance economic, social and environmental considerations. Read more about Norfund's business integrity.
The institution can provide equity, quasi-equity and loan financing for business expansions, corporate restructurings, management buy-ins and buy-outs and new business ventures. It invests in most sectors of the economy, providing the investment offers opportunities for growth, profitability and sustainable development.
Norfund has established two global subsidiaries to increase the scope and scale of its investments. Aureos Capital is Norfund's joint venture fund management company, while SN Power Invest is its strategic joint venture in the renewable energy sector.
Norfund Southern Africa office, Johannesburg, South Africa
Postal address: Postnet Suite 411, Private Bag X153, Bryanston 2021, Johannesburg, Africa
Visiting address: 1016 Oakhill, Fourways Golf Park, Roos Street, Fourways 2055, Johannesburg, South Africa
Phone: +27 11 4674070
Fax: +27 11 4674079
Email: post@norfund.no
Norfund Eastern Africa office, Nairobi, Kenya
Postal address: P.O.Box 16908-00100, Nairobi, Kenya
Visiting address:ACS Plaza, 2nd Floor, Lenana Road, Nairobi, Kenya
Phone: +254 724 256 947
Email: post@norfund.no
Aureos Capital Limited
Aureos Capital Limited is a principal investment firm specializing in investments in unlisted small to medium sized businesses in emerging markets. The firm seeks to invest in change-of-control transactions, management buyouts, expansions, pre-IPO, and acquisition transactions. It does not invest in nuclear and military equipment, arms, pornography, gambling, and tobacco. The firm invests in Latin America; Africa; China, South-East Asia, and Pacific; and South and Central Asia. It typically invests between $2 million and $10 million in its portfolio companies. The firm invests in businesses which have an operating history of between three years and seven years. It seeks to target an IRR of 15 percent to over 20 percent. The firm takes a seat on the boards of directors of its investee companies. Aureos Capital Limited was founded in July 2001 and is based in London, United Kingdom with additional offices across Latin America; Africa; Asia; and Pacific Island
Nigeria
Address:Block 12 Plot 3a Frajend Close Via Udi Street Osborne Foreshore Estate Ikoyi, Lagos. Nigeria
Telephone:00 234 1 269 6150 or 270 1132
00 234 1 461 5473
00 234 1 764 2748/4438
Fax: 00 234 1 269 6225
Saturday, July 18, 2009
List of Private Equity and Venture Capital firms operating in Nigeria
THE MAKEDA FUND
The Makeda Fund was jointly established by SEAF and NOI Consulting to support the development of women-owned and women-managed SMEs in Africa. The Makeda Fund will focus predominantly (but not exclusively) on investments in women-owned and women-managed businesses. The Fund will have Nigeria as its core geographic focus, but also will invest a portion of its capital in other countries in the sub-Saharan Africa region.
The Makeda Fund aims at supporting the growth of women-owned and women-run businesses in Africa. By investing in women-owned businesses in Africa, the Makeda Fund hopes to spur wealth creation and employment generation. We believe that supporting such businesses is important: not only because they are currently an underserved segment of the market, but also because they offer promising opportunities for value creation for both investors and women entrepreneur
Contact
Oge Funlola Modie
Fund Director
omodie@makedafund.com
www.makedafund.com
The Makeda Fund was jointly established by SEAF and NOI Consulting to support the development of women-owned and women-managed SMEs in Africa. The Makeda Fund will focus predominantly (but not exclusively) on investments in women-owned and women-managed businesses. The Fund will have Nigeria as its core geographic focus, but also will invest a portion of its capital in other countries in the sub-Saharan Africa region.
The Makeda Fund aims at supporting the growth of women-owned and women-run businesses in Africa. By investing in women-owned businesses in Africa, the Makeda Fund hopes to spur wealth creation and employment generation. We believe that supporting such businesses is important: not only because they are currently an underserved segment of the market, but also because they offer promising opportunities for value creation for both investors and women entrepreneur
Contact
Oge Funlola Modie
Fund Director
omodie@makedafund.com
www.makedafund.com
List of Private Equity and Venture Capital firms operating in Nigeria
Actis is a leading private equity investor in emerging markets
We are a pioneer in our field with a 60-year history of investing exclusively in emerging markets. We believe that by capturing and sharing knowledge across the firm and by building a diversified portfolio of investments, we are well positioned to achieve superior returns.
We have US$4.8 billion funds under management and have over 100 investment professionals located across the emerging markets working together to deliver what we call the positive power of capital.
Lagos
Maersk House
121 Louis Solomon Close
Victoria Island
Lagos
Nigeria
Postal address
PO Box 51906
Ikoyi
Lagos
Nigeria
Tel: +234 1 279 3900
Fax: +234 1 279 3944
Email: eadejuwon@act.is
We are a pioneer in our field with a 60-year history of investing exclusively in emerging markets. We believe that by capturing and sharing knowledge across the firm and by building a diversified portfolio of investments, we are well positioned to achieve superior returns.
We have US$4.8 billion funds under management and have over 100 investment professionals located across the emerging markets working together to deliver what we call the positive power of capital.
Lagos
Maersk House
121 Louis Solomon Close
Victoria Island
Lagos
Nigeria
Postal address
PO Box 51906
Ikoyi
Lagos
Nigeria
Tel: +234 1 279 3900
Fax: +234 1 279 3944
Email: eadejuwon@act.is
GroFin Nigeria
GroFin is a multi-national specialist SME finance and development company offering an innovative combination of risk capital and business development assistance to viable enterprises.
GroFin is committed to assisting small and medium enterprises (SMEs) achieve sustainable profitability, believing that growth in this sector is vital for socio-economic development in emerging markets.
We invest responsibly in viable businesses, providing unique solutions for each client which are tailor-made for their specific needs. Besides individualised financial support, we empower entrepreneurs through sharing skills and transferring business knowledge. This unique combination of money and mentoring assists entrepreneurs maximise profitability and encourages
sustainability and success.
GroFin supports SMEs through all stages of business development, from start-up, through growth to expansions, providing a omplete one-stop customised solution which addresses all aspects of business.
Our teams of local professionals provide SMEs with much more than finance. We partner with them, sharing expertise, understanding and support, giving them the opportunity to succeed.
CONTACT
Abimbola Awoniyi Close
Off Kasumu Ekemode Street
Victoria Island, Lagos
Nigeria
P O Box 51597 Falomo
Ikoyi, Lagos
Nigeria
101008
Tel +234 1 279 8046/7/8
Fax +234 1 279 8049
www.grofin.com
GroFin is a multi-national specialist SME finance and development company offering an innovative combination of risk capital and business development assistance to viable enterprises.
GroFin is committed to assisting small and medium enterprises (SMEs) achieve sustainable profitability, believing that growth in this sector is vital for socio-economic development in emerging markets.
We invest responsibly in viable businesses, providing unique solutions for each client which are tailor-made for their specific needs. Besides individualised financial support, we empower entrepreneurs through sharing skills and transferring business knowledge. This unique combination of money and mentoring assists entrepreneurs maximise profitability and encourages
sustainability and success.
GroFin supports SMEs through all stages of business development, from start-up, through growth to expansions, providing a omplete one-stop customised solution which addresses all aspects of business.
Our teams of local professionals provide SMEs with much more than finance. We partner with them, sharing expertise, understanding and support, giving them the opportunity to succeed.
CONTACT
Abimbola Awoniyi Close
Off Kasumu Ekemode Street
Victoria Island, Lagos
Nigeria
P O Box 51597 Falomo
Ikoyi, Lagos
Nigeria
101008
Tel +234 1 279 8046/7/8
Fax +234 1 279 8049
www.grofin.com
Vectis capital
Athens-based private equity firm Vectis Capital manages a 70 million Euro ($82 million) private equity fund focused on the West African region with a particular emphasis on Nigeria.
The fund will acquire minority stakes principally based in West Africa, predominantly in Nigeria and will typically make investments between 3 million Euro and 8 million Euro.
The Nigeria office is managed by Ugo Ikemba who was previously an executive with Capital Alliance Nigeria in Lagos and Ocean & Oil Holdings, and ahs spent over 10 years in corporate finance roles in the U.S.
Vectis Capital invests in the emerging markets, Greece and the Balkans. The firm has invested its first fund, A.L.C. Novelle Investments, a €26.4m fund, in ten early and development stage investments in Eastern Europe and Greece.
(Source: AltAssets).
Contact
Vectis capital Nigeria
5B karimu Kotun
Victoria Island Lagos, Nigeria
Tel: +234 1 4627770, 4627793
Fax: +234 1 4627794
Email:o.bokesh@vectis.gr
Athens-based private equity firm Vectis Capital manages a 70 million Euro ($82 million) private equity fund focused on the West African region with a particular emphasis on Nigeria.
The fund will acquire minority stakes principally based in West Africa, predominantly in Nigeria and will typically make investments between 3 million Euro and 8 million Euro.
The Nigeria office is managed by Ugo Ikemba who was previously an executive with Capital Alliance Nigeria in Lagos and Ocean & Oil Holdings, and ahs spent over 10 years in corporate finance roles in the U.S.
Vectis Capital invests in the emerging markets, Greece and the Balkans. The firm has invested its first fund, A.L.C. Novelle Investments, a €26.4m fund, in ten early and development stage investments in Eastern Europe and Greece.
(Source: AltAssets).
Contact
Vectis capital Nigeria
5B karimu Kotun
Victoria Island Lagos, Nigeria
Tel: +234 1 4627770, 4627793
Fax: +234 1 4627794
Email:o.bokesh@vectis.gr
List of Private Equity and Venture Capital firms operating in Nigeria
Swedfund in brief
Swedfund offers risk capital and competence for investment in Africa, Asia, Latin America and Eastern Europe (non-EU members). Our vision is to contribute to the development of profitable companies and thereby stimulate sustainable economic development in the countries in which we invest.
We invest together with strategic partners.
These are primarily Swedish companies wishing to establish themselves in a new market or to expand their operations. Our strategic partner must be prepared to share the financial risk with Swedfund and to take the operative responsibility. Swedfund offers risk capital in the form of share capital, loans, guarantees and part-financing of leasing agreements. Our decisions regarding investments are based solely on business principles.
Large international network
After 30 years’ experience of investing in emerging markets we have developed a large international network. We can where needed call in other parties such as international and local banks, private investors and other financial institutes. Swedfund is a member of the Association of European Development Finance Institutions (EDFI). EDFI is a network of our counterparts in Europe.
Investments in 33 countries
At the end of 2008 our investments consisted of 69 portfolio companies in 33 countries. Since the start of operations in 1979 Swedfund has made more than 200 investments in over 60 countries.
Swedfund is 100 percent owned by the Swedish state.
Swedfund offers risk capital and competence for investment in Africa, Asia, Latin America and Eastern Europe (non-EU members). Our vision is to contribute to the development of profitable companies and thereby stimulate sustainable economic development in the countries in which we invest.
We invest together with strategic partners.
These are primarily Swedish companies wishing to establish themselves in a new market or to expand their operations. Our strategic partner must be prepared to share the financial risk with Swedfund and to take the operative responsibility. Swedfund offers risk capital in the form of share capital, loans, guarantees and part-financing of leasing agreements. Our decisions regarding investments are based solely on business principles.
Large international network
After 30 years’ experience of investing in emerging markets we have developed a large international network. We can where needed call in other parties such as international and local banks, private investors and other financial institutes. Swedfund is a member of the Association of European Development Finance Institutions (EDFI). EDFI is a network of our counterparts in Europe.
Investments in 33 countries
At the end of 2008 our investments consisted of 69 portfolio companies in 33 countries. Since the start of operations in 1979 Swedfund has made more than 200 investments in over 60 countries.
Swedfund is 100 percent owned by the Swedish state.
Friday, July 17, 2009
List of Private Equity and Venture Capital firms operating in Nigeria
Emerging Capital Partners (ECP)
Emerging Capital Partners (ECP) is an international private equity firm focused on investing across the African continent. The firm is the first private equity group to raise over US$1.2 billion to invest exclusively in African companies[1]. The firm's investors are uncorrelated to the U.S. and other global economies. By the third quarter of 2008, the firm had invested in approximately 50 companies, exited from about 20, and achieved an average return of three times its initial investments[2].
While the African continent is generally overlooked in terms of investment opportunities, ECP has seen a high demand for capital in African markets, where the demand for investment far outweighs the supply. In addition, the past several years have seen positive shifts, such as government movement to open-market philosophies and improved macro-economic fundamentals. ECP has found that these factors are enabling Africa to become a vibrant marketplace with a defined opportunity set for private equity investment.
Contact
ECP - Nigeria
5 Okotie-Eboh Street
Ikoyi, Lagos
Nigeria
Tel: +234-1-280-0940
Fax: +234-1-280-0945
Website: www.ecpinvestments.com
Emerging Capital Partners (ECP) is an international private equity firm focused on investing across the African continent. The firm is the first private equity group to raise over US$1.2 billion to invest exclusively in African companies[1]. The firm's investors are uncorrelated to the U.S. and other global economies. By the third quarter of 2008, the firm had invested in approximately 50 companies, exited from about 20, and achieved an average return of three times its initial investments[2].
While the African continent is generally overlooked in terms of investment opportunities, ECP has seen a high demand for capital in African markets, where the demand for investment far outweighs the supply. In addition, the past several years have seen positive shifts, such as government movement to open-market philosophies and improved macro-economic fundamentals. ECP has found that these factors are enabling Africa to become a vibrant marketplace with a defined opportunity set for private equity investment.
Contact
ECP - Nigeria
5 Okotie-Eboh Street
Ikoyi, Lagos
Nigeria
Tel: +234-1-280-0940
Fax: +234-1-280-0945
Website: www.ecpinvestments.com
Introduction
As a result of such constraints as political instability, corruption to poor infrastructure, fundraising within Africa has been difficult over the years given real and perceived business and country risk. This is however beginning to change.
Private equity and venture capital funding is pouring in from across the globe. Several Private equity and venture capital firms are setting up offices in Africa bringing in the much needed capital and enormous business expertise and experience along.
This blog will look at private equity and venture capital activities in Nigeria and also in Africa. We hope to follow developments, trends, key players and enjoy our selves as we do so.
Private equity and venture capital funding is pouring in from across the globe. Several Private equity and venture capital firms are setting up offices in Africa bringing in the much needed capital and enormous business expertise and experience along.
This blog will look at private equity and venture capital activities in Nigeria and also in Africa. We hope to follow developments, trends, key players and enjoy our selves as we do so.
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