Media & News
SAVCA Newsletter | 18 September 2014
Dear SAVCA Members and Friends,
Realising value through successful exits
A number of factors point towards an uptick in exit activity in coming quarters: public markets are at a high, the range of exit avenues are broadening and a number of funds are nearing the end of their terms. With this in mind, in this week’s newsletter we look at exits from a number of industry perspectives. We bring you the second in a series of videos titled SAVCA-EY Excellence in Exits which explores exit experiences across the region. We also talk to Graham Stokoe, Executive Director and Africa Private Equity Leader at Ernst & Young about the major themes driving exit activity across the continent.
The exit process will also come under the spotlight at the upcoming SAVCA LP Breakfast to be held at The Saxon Hotel on the 21st October 2014. The breakfast, which is exclusive to representatives from limited partners and fund of funds, will cover exit trends and options and key success factors.
We’re also covering the other end of the private equity deal spectrum: The upcoming SAVCA GIBS Advanced Programme in Private Equity on 8 of October 2014 will tackle every aspect of successful deal completion – from due diligence and negotiation, to structuring, approvals and sign-off. The speaker line-up is impressive: We have secured Ron den Besten from The Abraaj Group and Stuart Bradley from Phatisa as keynote presenters. Joining them will be Richard Fienberg and Shaun Zagnoev from Ethos Private Equity, Alex-Handrah Aimé from ECP, Jayendra Naidoo from the J&J Group and Peter McCrystal and Craig Miller from PwC. Please secure your place soonest.
Looking forward to 2015, the SAVCA team is keeping busy with the preparations for next year’s SAVCA Private Equity Industry Conference to be once again held at Spier in Stellenbosch. The conference is scheduled for 13 February 2015. With the tagline Investing for Growth, Investing for Good, the conference will showcase how private equity funding gives investors exposure to African growth while also developing the economies on our continent. We will soon communicate more regarding the conference line-up as well as enticing early-bird specials.
Finally, have a look at some of the photos from the recent SAVCA Venture Capital (VC) Foundation Course.
Please keep us updated with your news and visit the SAVCA website to find new research, industry updates and upcoming events.
Regards
Erika van der Merwe
CEO: SAVCA
Research
Insights on exits
This week we bring you the second in the SAVCA-EY Excellence in Exits Video Series illustrating private equity exit experiences in Southern Africa. This video features an interview with Clive Howell, Head of Private Equity at Nedbank Capital. Enjoy!
SAVCA Events
Women in Private Equity Presentation – Private Equity in Africa: Finding the Women
Date: 23 September 2014
Time: 8:00am for an 8:30am start. Event to end by 10:00am.
Venue: Norton Rose Fulbright, 5 Alice Lane, Sandton, Johannesburg
RSVP: Booking is essential: The SAVCA Office on events@savca.co.za or +27-11-2680041
SAVCA GIBS Advanced Programme Course – A Done Deal
Date: 8 October 2014
Time: All day conference
Venue: GIBS Campus, 26 Melville Road, Illovo, Johannesburg
RSVP: Booking is essential: The SAVCA Office on events@savca.co.za or +27-11-2680041
Click here for more information
LP Breakfast (Institutional Investors and Fund of Funds welcome)
Date: 21 October 2014
Time: 8:00am for an 8:30am start. Event to end by 10:00am.
Venue: The Saxon Hotel, 36 Saxon Road, Sandhurst, Johannesburg
RSVP: Booking is essential: The SAVCA Office on events@savca.co.za or +27-11-2680041
Click here for more information
SAVCA AGM (Members only)
Date: 22 October 2014
Time: 5:00pm-7:00pm
Venue: Webber Wentzel, 10 Fricker Road, Illovo, Johannesburg
RSVP: Booking is essential: The SAVCA Office on events@savca.co.za or +27-11-2680041
Click here for more information
SAVCA Master-Classes in Competition Regulation: Developments in South African competition legislation and regulation and their implications for private equity
The Southern African Venture Capital and Private Equity Association (SAVCA), together with Webber Wentzel, are hosting a full day master-class which provide insight into recent trends in competition regulation in South Africa, with a focus on the economic and legal principles behind regulatory action. Emphasis will be placed on the implications for merger-and-acquisition activity and private equity transactions.
Speakers:
- Trudi Makhaya, independent strategist and economist, and former deputy commissioner of the South African Competition Commission
- Robert Wilson, partner at Webber Wentzel
See brochure for the programme for the day: SAVCA Competition Matters Master Class Cape Town Invitation
SAVCA Master-Classes in Competition Regulation: Developments in South African competition legislation and regulation and their implications for private equity @ Webber Wentzel Cape Town Offices
Date: 31 October 2014
Time: All day
Venue: Webber Wentzel, 10 Fricker Road, Illovo, Johannesburg
Cost: Delegates attending both sessions: SAVCA members pay R3 500; non-members pay R4 000. Delegates attending single session: SAVCA members pay R2000; non-members pay R2500
RSVP: Booking is essential: The SAVCA Office on events@savca.co.za or +27-11-2680041
Click here for further information
SAVCA Annual Conference: LP Masterclass
Date: 12 February 2015
Time: 12:00pm-5:00pm
Venue: Spier Stellenbosch
RSVP: The conference organiser, Karin Diederichs on karin@soafrica.com or +27(0)214210345
Click here for further information
SAVCA Annual Conference: Members Reception
Date: 12 February 2015
Time: 12:00pm-5:00pm
Venue: Spier Stellenbosch
RSVP: The conference organiser, Karin Diederichs on karin@soafrica.com or +27(0)214210345
Click here for further information
SAVCA Annual Conference
Date: 13 February 2015
Time: All day conference
Venue: Spier Stellenbosch
RSVP: Booking is essential: The conference organiser, Karin Diederichs on karin@soafrica.com or
Tel: +27(0)21 421 0345/Cell: +27 (0)83 270 9219
Click here for further information
Keep up to date with all our events and courses by regularly visiting the SAVCA online calendar.
Industry Events
EMPEA Private Equity in Emerging Markets 2014 | Tapping Global Growth and Driving Returns
Date: 14 October 2014
Venue: InterContinental Park Lane, London
Leveraging the expertise of the Financial Times’s global markets coverage and EMPEA’s insight into long-term, growth capital investments, Private Equity in Emerging Markets is returning to London this October to explore the latest developments in emerging markets private equity.
Click here for further information
EMPEA Private Equity in Africa 2014 | Achieving Africa’s Economic Potential
Date: 15 October 2014
Venue: InterContinental Park Lane, London
The Financial Times and EMPEA will once again convene the African private equity industry in London for the sixth annual summit
Click here for further information
SuperReturn Africa 2014
Attend SuperReturn Africa this December in Cape Town to meet, network and exchange ideas with the very best managers with a solid track record of investing in Africa
Dates: 2 December – 4 December 2014
Venue: The Westin, Cape Town
• Join 500+ private equity professionals
• Meet 150+ local and international LPs
• Hear from 130+ industry leading speakers
• 30+ countries represented
• 2 pre-conference summits – The West Africa Summit OR The Fundraising Summit
SAVCA members can benefit from an exclusive 20% discount. Please quote VIP code: FKR2356SAVCA1 when registering. For more information or to register online, please visit: www.superreturnafrica.com/FKR2356SAVCA1
Asian Financial Forum | Asia: Sustainable Development in a World of Change
Date: 19-20 January 2015
Venue: Hong Kong
The Asian Financial Forum (AFF) brings together some of the most influential members of the global financial and business communities each January to discuss developments and trends in the dynamic markets of Asia.
Deal Flow Matchmaking session (20 January 2015)
The forum features a unique deal-sourcing and matchmaking session jointly organized by the Hong Kong Venture Capital and Private Equity Association and the HKTDC. One-on-one meetings are arranged between sources of funds and sources of deals, enabling participants to meet with potential business partners from around the world.
Click here for further information
SAVCA In the News
Private Equity the Future of Energy Infrastructure in Africa | AFKInsider
Private equity funding could assist with meeting Africa’s massive infrastructure needs. Erika van der Merwe, CEO of SAVCA comments that infrastructure assets in Africa still offer private equity-style returns and moreover enable private equity to invest in scale on a continent where there are limited investment opportunities of sufficient size.
SAVCA Members in the News
Media release: Vantage Capital provides funding to one of the fast growing pharmaceutical company
Vantage Capital, Africa’s largest independent provider of mezzanine risk capital, announced it had provided mezzanine debt funding to support Austell Laboratories, a fast growing and 100% black-owned pharmaceutical’s company in South Africa.
Media release: Major investments flow into Affordable housing fund
Investors are lining up for a share of sub-Saharan Africa’s booming affordable housing market, with global private equity investor, International Housing Solutions’ second fund attracting an impressive R1.5-billion.
Private equity in SA is robust | Financial Mail
Foreign investor interest in SA private equity is robust, judging by the fund-raising success achieved by Capitalworks Equity Partners. According to the firm’s cofounder and chairman, Chad Smart more than two-thirds of the fund’s investors are foreign including global institutional investors, family funds and large charities.
How to get Michael Jordaan’s team excited | Moneyweb
Only around one in every 100 potential deals in the venture capital market turn into an investment.
Brett Commaille, CEO at AngelHub Ventures, speaking at the SAVCA Venture Capital Foundation Course, gives some tips to entrepreneurs to help their raise their chances of getting venture capital financing.
Industry News and Updates
Media Release: Where to Invest in Africa 2014/15 — A Guide to Corporate Investment I RMB
Rand Merchant Bank’s fourth annual Where to Invest in Africa 2014/15 — A Guide to Corporate Investment shows a less favourable year for Africa’s investment attractiveness ratings with 22 countries receiving lower scores than the previous year.
Private equity diversifies product offering in LatAm: LAVCA I PeHub
The Latin American Private Equity & Venture Capital Association last week revealed first half 2014 fundraising numbers that indicate a resurgence in the region.
News-driven, short-term sentiment has pushed LPs into new vehicles I Asia Asset Management
The author of this opinion piece argues that trend towards first time fund managers is overstated and driven by news headlines and short-term sentiment.
Sub-Saharan Africa debt sales hit record high I Financial Times
Sub-Saharan Africa sovereign bond issuance has hit a record, with the return of Ghana to international capital markets in spite of its shaky financial situation pushing sales so far this year to nearly $7bn, above the record set in 2013 for the whole year.
Investment strategies of wealthy families I Moneyweb
While wealthy families and individuals are often associated with an entrepreneurial mind-set and an appetite for risk, this does not necessarily mean that they aggressively pursue high-risk investments.
The myth of venture capital I Recode
Jon Oringer, Founder and CEO, Shutterstock believes that tech entrepreneurs need to put more focus on generating value for their users instead of pursuing venture capital funding as a primary strategic priority.
Deciphering the economics of venture capital I TechCrunch
This article explores how a comprehensive study of the economic nature of venture capital is a must in every venture capital firm. Understanding the statistical distribution of returns provides guidelines around how capital is deployed instead of arbitrary rules-of-thumb.
Job Opportunities
Private Equity Senior Investment Manager I Symbiotics I Cape Town
Symbiotics is a large independent asset manager dedicated to sustainable and impact investments in emerging markets. They are looking for an experienced Investment Manager with experience with microfinance institutions in Sub-Saharan Africa and transforming them into leading sustainable banks.
Private Equity Senior Deal Executive I African Alliance I Cape Town
African Alliance is looking for a Senior Deal Executive to play a significant role in the Private Equity business on the African continent. The successful candidate will provide direction and leadership towards achievement of the business unit’s strategy and annual goals.
Contact info@savca.co.za to advertise an opening at your firm on our online jobs portal.
Advertising with SAVCA
SAVCA welcomes the opportunity to work with members and stakeholders in promoting the Southern African private equity and venture capital industry. The organisation constantly seeks creative ways of doing so, including through the marketing member firms’ activities. Should you wish to find out more about various marketing and advertising opportunities with SAVCA, contact the office on info@savca.co.za. Please also drop us a line if you would like to advertise an opening at your firm on our online jobs portal.
