Public Investment Corporation

PIC is the only investment management company in South Africa that focuses exclusively on the public sector. Wholly owned by the South African Government, PIC is in the hands of the public yet operates in a manner comparable with any private sector asset manager. PIC is one of the largest and most successful investment managers in Africa.

Past deals in Sub Saharan Africa

Karan Beef

Acquisition in 2018
Karan Beef is a supplier of beef products and set the benchmark for excellence in the local beef industry. Karan Beef strives to be recognized for our commitment to the highest standards of productivity, hygiene, housekeeping and general maintenance.

African Export-Import Bank

Venture Round in 2018
The African Export Import Bank (the “Bank”) was established in Abuja, Nigeria in October, 1993 by African Governments, African private and institutional investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra-African trade. The Bank was established under the twin constitutive instruments of an Agreement signed by member States and multilateral organizations, and which confers on the Bank the status of an international multilateral organization; as well as a Charter, governing its corporate structure and operations, signed by all Shareholders.

ZAR X

Funding Round in 2018
ZAR X is a licensed stock exchange that uses disruptive fintech to create a more efficient market for all.

SMILE Telecoms Holdings

Private Equity Round in 2015
SMILE Telecoms is a broadband provider company. Founded in 2007, Smile Telecoms says it has more than 300 million potential customers in Nigeria, Tanzania, Uganda, and the DR Congo. Internet penetration in all four of Smile’s markets is still low so increasing the availability of speedy mobile connections can help more people go online, especially when combined with increased smartphone ownership.

SMILE Telecoms Holdings

Debt Financing in 2015
SMILE Telecoms is a broadband provider company. Founded in 2007, Smile Telecoms says it has more than 300 million potential customers in Nigeria, Tanzania, Uganda, and the DR Congo. Internet penetration in all four of Smile’s markets is still low so increasing the availability of speedy mobile connections can help more people go online, especially when combined with increased smartphone ownership.

South Point

Acquisition in 2015
South Point was established in 2003 to meet the growing need for student accommodation in South Africa. When we entered the property business we found exploitative landlords to be the prevailing alternative to on-campus housing. The majority of students resided in poorly maintained and expensive accommodation - hardly conducive to promoting a successful study and social environment. We, therefore, sought to focus our efforts on providing a differentiated offering to the student market, with an emphasis on safety, cleanliness, and affordability at the core complimented by a vibrant student community. South Point’s vision to become the country’s largest and leading independent provider of student accommodation outside of the universities themselves has been largely realized in the 9 years since operations commenced. We, however, continue to strive to create a lifestyle brand of distinction where students come to [reside with us while they] catapult their ambitions of personal growth through higher education. We still harbor ambitions yet of creating a business of even larger scale with more than 20,000 student beds without compromising the overarching objective of creating a unique experience for every student that chooses to be part of our community.

Erin Energy

Post in 2014
CAMAC Energy is an independent oil and gas exploration and production company focused on energy resources in Africa. Its asset portfolio consists of 8 production and exploration licenses in 3 countries covering an area of 41,000 square kilometers (~10 million acres), including existing production and other major projects offshore Nigeria, as well as exploration licenses with significant hydrocarbon potential onshore and offshore Kenya, and offshore Gambia. CAMAC Energy is headquartered in Houston, Texas and is listed on the New York Stock Exchange.
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