Mobius Looking at Africa for Private Equity Opportunities

By IVCPOST Staff Reporter

Jul 09, 2013 01:30 AM EDT

In a statement Mark Mobius released, he said he was considering private equity investments as one of the ways to tap growth in Africa. Mark Mobius, the executive chairman of Templeton Emerging Markets Group, oversees around US$53 billion in emerging markets.

"We are looking at the private equity side of things in Africa," Mobius said. Templeton currently has about US$1 billion invested in Africa.

The African continent had created a US$25 billion private equity industry, said an African market analyst. Actis Capital and Ethos Private Equity are only two of those pursuing for private equity opportunities in Africa to complement the investment possibilities provided by growing debt and equity markets. Analysts have pointed out the potential the continent's 1 billion consumers had.

The years between 2007 and 2012, however, saw private equity fund managers exiting more than 100 investments in Africa, according to an earlier report by the African Private Equity & Venture Capital Association  and Ernst & Young. 2012 had the most number of exits since 2007.

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