"Private equity and especially venture capital should be underpinning the investment drive into South Africa," according to the director general of South Africa's National Treasury, Lesetja Kganyago, speaking at the unquote" South Africa Private Equity Congress today in Cape Town. The government has a target investment-to-GDP ratio of 25%; it has grown from 15% four years ago to 22% today. Despite the problems facing all markets during this part of the cycle, South African private equity is set to carry on growing since indigenous players built their track records during very challenging times, according to John Gnodde at Brait Capital, one of South Africa's largest buyout groups. They are therefore well placed to overcome difficulty.
First MBO in Italy for the GP, which will now start investing from its recently raised Fund VIII
Add-on comes after Mergermarket reported that the sale of Bergman had been suspended in March 2020
Trade buyer Xact was acquired by JLL Partners from Clearview Capital in 2018 in an MBO
Existing investors Novo Holdings, Morningside Ventures and Brace Pharma Capital also participate