ACA principal speaks at the 2017 EMPEA/FT Conference
October 18, 2017, London, UK – Emmanuel Assiak, Principal, ACA, today served as a panelist at the 9th Annual Private Equity in Africa summit, organized by the Emerging Markets Private Equity Association (EMPEA) and the Financial Times, in London. The session themed “Optimal Strategies to Access Africa’s Private Capital Opportunity Set,” allowed panelists the opportunity to discuss various investment strategies in Africa and how they see the private equity industry evolving on the continent.
In his remarks, Emmanuel noted that as economic cycles shorten and become increasingly more volatile, the case for value creation is growing even more compelling. According to him, investment returns will continue to emerge more from operational efficiency improvements than from market multiple expansion.
He added that whilst the core of ACA’s investment strategy remains intact, the firm is expanding into its mandated market, West Africa, leveraging its on-the-ground presence, local market knowledge and strong network of partners to create value.
Protea Hotel by Marriott, Owerri select, opens
September 25, 2017, Owerri City, Imo State – African Capital Alliance today announced the opening of Protea Hotel by Marriott, Owerri Select in South-Eastern Nigeria. The 90-room hotel is the result of a partnership between African Capital Alliance and Kunoch Limited.
The hotel is located in Owerri city, the capital of Imo State, a state commonly referred to as the “Heartland” and regarded as the entertainment centre of Eastern Nigeria. It is also a producer of oil & natural gas, and home to a large number of oil and financial services offices.
Commenting on the opening of the hotel, Mr. Obi Nwogugu, Principal and Head of Real Estate at African Capital Alliance stated: “This new hotel is an important addition to the hotels we already own in the cities of Lagos and Benin in Nigeria, and Takoradi in Ghana. We are pleased to partner, yet again, with Protea Hotels by Marriott, which enjoys strong regional brand equity, now coupled with the global distribution of Marriott International.”
Mr. Volker Heiden, Vice President Protea Hotels by Marriott, Marriott International added: “The opening of Protea Hotel by Marriott, Owerri Select, illustrates our confidence in the potential of Nigeria and is in line with our commitment to grow in strategic secondary cities across the continent. The recent expansion of the city’s airport, will enhance its attractiveness as a destination, which we are confident will further drive business travel.”
ACA is currently investing out of its first real estate fund (CAPIC I), a $165 million private equity fund.
About Protea Hotels by Marriott
Protea Hotels by Marriott is the leading hospitality brand in Africa. It is one of the most widely recognized brands on the continent with over 90 hotels throughout South Africa and seven other African countries, including Zambia, Nigeria, Namibia, Ghana and Uganda amongst others.
About African Capital Alliance
African Capital Alliance (ACA) is a leading investment firm focused on Nigeria and the Sub-Saharan African region. Since its formation in 1997, ACA has attracted over $1 billion in aggregated capital commitments through four private equity funds and one real estate fund.
ACA has made more than 40 investments across a number of high-growth sectors, including oil and gas, power, TMT, financial services, FMCG and business services. It also has a history of successfully exiting investments and delivering strong returns to its investors.
ACA is currently investing out of its first real estate fund (CAPIC I), a $165 million private equity fund.
ACA principal speaks at the 2017 IFC/EMPEA Conference
May 16, 2017, Washington, DC – ACA Principal, Ladell Robbins, participated in a breakout panel session on Sub-Saharan Africa during IFC’s 19th Annual Global Private Equity Conference in association with EMPEA.
In his remarks, Ladell noted that Africa needs more money in the right places as well as younger managers with new ideas about how to implement different strategies, such as middle market investing or co-investment, to take advantage of Africa’s opportunity.
The Annual Global Private Equity Conference attracts more than 850 delegates from 60+ countries and features in-depth keynotes and panel discussions on the future of emerging markets investing with on-the-ground perspectives from macro and regional experts and the most active investors.
Head of Real Estate speaks at the 14th AVCA Conference
April 5, 2017, Abidjan, Cote d’Ivoire – ACA Principal, Head of Real Estate, Obi Nwogugu, participated in a panel discussion themed “From the Ground Up – Brick by Brick,” during the 14th Annual African Venture Capital Association (AVCA) conference in Abidjan, Cote d’Ivoire.
The panel, comprising of a diverse group of fund managers, shared various investment strategies for backing real estate opportunities in Africa.
The Annual African Venture Capital Association Conference provides an important platform for private equity and venture capital professionals to discuss the most pertinent investment opportunities and issues facing the continent.
“Companies to inspire Africa” report highlights Beloxxi
March 31, 2017 – Following a multi-month selection process, the London Stock Exchange (LSE) today published “Companies to Inspire Africa, 2017”; a report which features companies operating on the African continent with promising futures. Beloxxi Industries Limited, an ACA investee company, was profiled in the report.
The “Companies to Inspire Africa, 2017” report was launched in partnership with the Africa Development Bank Group (AfDB), the CDC Group and PwC. Previous reports released by the London Stock Exchange include “1,000 Companies to Inspire Europe” and “1,000 Companies to Inspire Britain.” The objective of the report is to promote the development of African Capital markets by bringing global visibility and attention to privately held, high-growth companies across Africa.
Please click here to read the Beloxxi story on page 55 of the report.