The South African bill of rights states that, “Everyone has the right to a basic education, including an adult basic education.” Education is essential for the transformation of South Africa’s society, providing individuals with the knowledge required to bring about social, economic and political change.
In pulling off two of South Africa’s largest historical private equity exits last year, Rockwood Private Equity achieved an aggregate internal rate of return that exceeded 23%, returning more than 6.5 times money. Both deals have now been completed, it was announced last week.
Rockwood Private Equity, established as an independent private equity firm in 2013, believes South Africa is a valuable investment destination and has successfully used its South African platform to grow into Africa.
Rockwood Private Equity (“Rockwood”) is pleased to announce that it has entered into an agreement with Euronext-listed Wendel (MF.FP) regarding the sale of its interests in the Tsebo Group (“Tsebo”) for an attributable enterprise value of ZAR5.25 billion...
Rockwood Private Equity is pleased to announce the successful sale by Rockwood Fund I, Thebe Investment Corporation and management of Safripol to KAP Industrial Holdings ("KAP"), a Top 100 company listed on the Johannesburg Stock Exchange, for an equity value of 4 100 million.
The board of directors of KAP announce that agreement has been reached between KAP and the shareholders of Safripol Holdings Proprietary Limited (“Safripol”), in terms of which a nominated wholly-owned subsidiary of KAP (the “Purchaser”) will, subject to the conditions precedent...
Trends in private equity in Southern Africa SAVCA interviews institutional investors at the LP Master-Class 2015 Audio: SAVCA interviewed by Classic FM, on the conference and the private equity industry
‘’SAVCA present their latest video, Private Equity in Southern Africa 2014, which draws together perspectives on the prospects for private equity in the region, from a range of seasoned private equity practitioners.
Rockwood partner Gareth Druce participates in the this video.’’
The latest RisCura-SAVCA South African Private Equity Performance Report confirms that the private equity asset class in this market continues to deliver a sturdy performance. Data show that, over the ten years to the end of June 2014, private equity funds yielded an annualised rate of return of 18.6%, net of fees.
The conference will provide an excellent opportunity to learn about Rockwood and its accomplishments. The Rockwood portfolio is expanding and gaining an increasing presence in Africa (including Mozambique, Namibia, Botswana, Nigeria...
Johannesburg. South African private equity fund managers remain confident about the attractiveness of their home market, following two years of successful fundraising and a gradual pick-up in deal activity.
A significant trend in Europe and the US over the last few years is the development of a market for secondary portfolio transactions, being the whole or part sale of a portfolio of fund investments rather than an exit on an asset by asset basis.