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Fernvale Investments commits 75m to PAIP
Filed under NewsFeb 9JEDDAH: Fernvale Investments (Mauritius) Pte Ltd. is making a capital commitment of $75 million to Pan-African Investment Partners II Ltd. (the second Kingdom Zephyr fund, known as PAIP II). This was announced here on Monday by Kingdom Holding Company (KHC).
Fernvale is a wholly owned indirect subsidiary of Temasek Holdings (Private) Ltd.
Tagged as: Africa;, Ahmed Reda Halawani, Alwaleed bin Talal;, chairman, Cote d'Ivoire, Development Bank;, director for Private Equity, executive director, Fernvale Investments, Fernvale Investments (Mauritius) Pte Ltd., heavy building materials, indirect subsidiary, International Finance Corporation;, investment bank, JEDDAH, Johannesburg Stock Exchange, Kingdom Holding Company;, Madagascar Mixta S.A., Netherlands Development Finance Company, Pan-African Investment Partners II Ltd., Prince, Private, South Africa;, Temasek Holdings (Private) Ltd., Thunnus Overseas Group, USD; -
KZAM completes 20m investment in Buildworks
Filed under NewsMar 11RIYADH: Kingdom Zephyr Africa Management Company (Kingdom Zephyr), one of the leading pan-African private equity firms, has completed a $20 million investment in South African power infrastructure company Buildworks, according to an announcement from Kingdom Holding Company (KHC), chaired by Prince Alwaleed bin Talal.
The investment in Buildworks was made through Kingdom Zephyrs second private equity fund, Pan-African Investment Partners II (PAIP II), and represents a strategic stake of 30 percent, with the option to increase to 35 percent.
Tagged as: Accra, Alwaleed bin Talal;, Brian Joffes Bidvest, Buildworks, Consolidated Power Projects, financial services;, Ghana, heavy building materials, Johannesburg, Kingdom Holding Company;, Kingdom Zephyr Africa Management Company, LONDON;, mining, New York;, Raoul Gamsu, real estate;, retail, telecommunications, Tokyo Sexwales Mvelaphanda, USD;, Zephyr Management LP
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