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...This has eased financing restraints on sub-$500m transactions; investors in the leveraged loan and high-yield bond markets — the traditional sources of funding for PE dealmaking — have directed their attention...
...Assala Energy, set up by Carlyle to invest in sub-Saharan Africa, will pay Shell $587m in cash and assume $285m of debt....
...Mergers and acquisitions in Africa fell by nearly one-third in 2016, which was a reflection of the commodities slump during the year, according to Clifford Chance, the law firm....
...Stephen Burn Murdoch, an associate director in Carlyle’s sub-Saharan fund, said that the model had “global best practice but also local knowledge”....
...Botswana, Tanzania, Zambia and Mozambique — said it supported examining a potential combination with Barclays Africa “given the expected positive impact on accelerating the company’s strategy to build sub-Saharan...
...It raised a $700m fund for doing deals in sub-Saharan Africa in 2014, making its first investment in South Africa that year....
Australian mining group hit by fall in share price since listing
...(FT) Up to 1m waiting to cross to Europe Between 500,000 and 1m Syrians and sub-Saharans are waiting in Libya to make the perilous crossing of the Mediterranean....
...The investors advocated a merger with AOL, another darling of the last dotcom boom, arguing it could save $1bn in synergies....
...Mr Davis knows many of the assets well — they used to belong to Billiton, where Mr Davis was chief financial officer before its 2001 merger with BHP....
...The buyout group will pay for the purchase out of its dedicated sub-Saharan Africa fund, which it closed this year at $700m – nearly 40 per cent above its target....
...in South Africa,” said Marlon Chigwende, head of Carlyle’s sub-Saharan Africa Fund....
...Nil premium hostile mergers don’t work. The mining sector learned this lesson when Xstrata went after Anglo. Investors will demand a premium and Glencore will not be interested in offering one. 3....
...So far this year the sub-Saharan region has seen 631 merger and acquisition deals, the highest number for a comparable period since at least 1995 and up nearly 10 per cent from last year, according to financial...
Offer made by Mick Davis’ X2 Resources was rebuffed
...Babble on their own chatroom: Goldman Sachs is spearheading an effort among Wall Street’s leading banks to develop a chat tool called “Babble” that could replace the instant messaging service on Bloomberg LP...
...“We’re increasing our activity in the technology sector because it’s a big part of the economy and many sub-segments are growing faster than the overall economy,” he said....
...Deals include China Exim Bank’s $319m loan to Zimbabwe for the expansion of its Kariba dam, and Blackstone Group LP’s $120m investment into the $900m Bujagali hydroelectric dam in Uganda....
...(Financial Times) Regulator suggested shift for Dimon at JPM sub: “The move, which happened July 1, didn’t affect Mr. Dimon’s status as chief executive or chairman of J.P. Morgan’s parent company....
...In its report Six top trends in sub-Saharan Africa’s (SSA) extractives industries, Ecobank sets out the scale of Africa’s potential: Africa hosts 30% of the world’s total hydrocarbons and mineral reserves...
...In 2011, the Nigerian-born founders of Helios Investment Partners had to cap subscriptions at $900m for their latest buyout fund, the largest fund dedicated to sub-Saharan Africa, after receiving investor...
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