Asara Resources Limited’s Post

Africa’s muted exit environment has long been a challenge for #privateequity investors. However, judging by the high number of exits announced recently, PE firms are indeed finding buyers for their investments, even though many of these sales were to other fund managers. Noteworthy exits from the past month include: * Phatisa exits West African palm oil business https://lnkd.in/dZsHFVfc * Pearl Capital Partners exits East African vanilla exporter https://lnkd.in/dB59Xahn * South Africa: Pape Fund 3 acquires Nedbank Private Equity’s stake in Entersekt https://lnkd.in/dTmWN8EJ * Development Partners International (DPI) exits International Facilities Services https://lnkd.in/dn-6ZwJ7 * South Africa: Admaius Capital Partners in mining supplier deal; Ethos spin-off exits https://lnkd.in/dWpdqC4B * British International Investment exits East African banking group to AfricInvest https://lnkd.in/dV4Aftkt * Metier exits to Infra Impact Investment Managers https://lnkd.in/dU5vxay4 * Adenia Partners exits Cresta Paints to Uhuru Investment Partners https://lnkd.in/ddvHhGZa

The largest accelerated equity offering (AEO) in the United Arab Emirates was successfully closed by EFG Hermes for ADNOC Drilling Company for $935 million. 880 million shares, valued at AED 3.90 a share, were sold as part of the offering, #accounting for 5.5% of Adnoc Drilling's total share capital. Adnoc still owns 78.5% of the shares. Institutional investors in the GCC and around the world showed strong demand for the AEO, which priced shares over 70% above the IPO price and demonstrated EFG Hermes's proficiency in local #capital markets. The top investment bank in the Middle East and North Africa (MENA) region, EFG Hermes, a division of EFG Holding, has announced the successful conclusion of a $935 million accelerated equity offering (AEO) for Adnoc Drilling Company. The largest AEO in the UAE was made possible by EFG Hermes, who served as both joint global coordinator and joint bookrunner. The sale of 880 million shares, valued at AED 3.90 apiece, accounted for 5.5% of Adnoc Drilling's entire #share capital. According to Reuters, Adnoc still owns 78.5% of the company's shares. EFG Hermes has accomplished a great deal with this transaction, demonstrating its proficiency and strong distribution network in local capital markets. Institutional investors in the GCC and around the world showed great interest in the #AEO, leading to a pricing of AED 3.90 per share, or almost 70% more than the IPO price of AED 2.30 and 5.6% less than the closing price of the firm on May 22, 2024. Ali Khalpey, Head of Equity Capital Markets at EFG Hermes’s Investment Banking division, stated: “We are honored to play a pivotal role in this groundbreaking offering. This is our seventh ECM transaction with Adnoc, highlighting the long-standing and successful relationship between our companies. This AEO, attracting significant institutional demand, sets a new standard for the region and paves the way for future opportunities.” To share your startup story write us on - contact@startuprise.org #EFG #AEO #Transaction #Opportunities #Capital #GCC #ADNOC

 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐎𝐦𝐚𝐧’𝐬 𝐅𝐮𝐭𝐮𝐫𝐞: 𝐁𝐞 𝐏𝐚𝐫𝐭 𝐨𝐟 𝐎𝐐𝐄𝐏’𝐬 𝐆𝐫𝐨𝐮𝐧𝐝𝐛𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐈𝐏𝐎 OQ Exploration & Production (OQEP) is launching the largest IPO in Oman’s history, offering a 25% stake of the company to raise $2 billion. This move is part of Oman’s Vision 2040 strategy to boost local and international investment. Key Dates: Subscription started September 30, 2024 Closes by October 9-10, depending on the investor category. Offer Price: Institutional investors: 370-390 baisas/share Omani citizens get a discounted price at 351 baisas/share. This IPO presents a promising opportunity for investors with OQEP’s strong portfolio and potential dividends estimated at 6.7%. Don’t miss the chance to be part of Oman’s energy future . #OmanIPO #OMAN #Investment #EnergySector #Vision2040 #OQEP #OQ

Lamatsamo Holdings Enhances Strategic Decision-Making with GI Advisory's Business Intelligence Services In a move set to sharpen its competitive edge, Lamatsamo Holdings (LH) has partnered with GI ADVISORY (GI) to leverage cutting-edge business intelligence services. This collaboration underscores the growing importance of data-driven decision-making in today's business landscape. Bonisile Fortunate Shongwe, Director of Lamatsamo Holdings, states: "Our partnership with GI Advisory equips us with the insights needed to navigate complex markets and seize opportunities with confidence." By harnessing #GI expertise, #LH is setting a new standard for strategic planning and execution in its industries. Read the full article here: https://lnkd.in/dV5XfmTn FNB South Africa Standard Bank Group Sasol Mbuyelo Coal, Exxaro Resources, Barloworld Equipment, Ritluka SA William R. G. #LamatsamoHoldings #GIADVISORY #Collaborations #BusinessIntelligence How has business intelligence transformed decision-making in your industry? Share your thoughts in the comments below!

B Investments (BINV.CA), BPE Partners flagship investment vehicle, is pleased to announce that it has obtained the Financial Regulatory Authority (“FRA”) approval to submit a mandatory tender offer (“MTO”) to acquire a minimum stake of 51% and up to 90% of the shares of Orascom Financial Holding (“OFH”), one of the leading companies listed on the Egyptian Exchange, through a share swap transaction at a swap ratio of 56.76 OFH shares for 1 B Investments share. This significant milestone marks a pivotal moment in B Investments' strategic growth plan, reinforcing the company’s commitment to executing notable transactions and enhancing shareholder value, and is a testament to B Investments' resilience, strategic foresight, and commitment to contributing positively to the overall market landscape. OFH shareholders will have the right to swap their shares for B Investments shares for a period of 30 business days, starting today, March 3rd, 2024 until April 15th, 2024. Dr. Mostafa EL-Bekpashy Omar El Labban Omar Altmann Omar Barakat Selim Hamdy Ramy Mahfouz Leila El Sahhar

Blue Earth Capital AG acquires partial stakes in three British International Investment portfolio funds. This is BII's first portfolio secondary transaction and includes funds across Asia and Africa. Nicolas Muller, Managing Director and Head of Funds & Co-Investments at BlueEarth, said, “We view this transaction as an innovative approach for blended finance: BII took the initial investment risk, and BlueEarth is providing access to its clientele.” John Owers, Director and Head of Fund Solutions at British International Investment, said, “Mobilization is a key part of our strategy, and this transaction gives us the opportunity to test a new approach to encourage investors already active in emerging economies to commit more capital and in time encourage new investors into these markets.” #Secondaries #Secondary #SecondaryMarket #AlternativeInvestments #PrivateMarkets #Deals https://lnkd.in/eFvazbN8

Poalim Equity Expands its Exposure to Israeli Real-Estate Leader – ORC Land. Portofino served as the exclusive advisor in the strategic stock allocation transaction between ORC and Poalim Equity, the investment arm of Bank Hapoalim. The transaction strengthens Poalim's position in one of Israel's leading real-estate firms, well known for its strong track record of acquiring, developing, and managing income-producing properties. The transaction highlights Portofino's expertise in facilitating complex financial transactions in the Israeli real-estate sector. With a deep understanding of both ORC's strategic goals and Poalim Equity's investment objectives, Portofino Investments structured a transaction that aligns with the long-term interests of both parties. Click Here for the full story as published in our #Portofino_Newsletter! https://did.li/Portofino                                                                #RealEstate #Investment #Israel #Portofino_Investments #ORCLand #PoalimEquity #Portofino_Newsletter

We're now accepting final investors for our Canning Vale Local Services Fund. This Fund offers strong forecasted returns and immense stability for investors - underpinned by four established tenants with long-term leases, operating in high demand, non-discretionary sectors. If you're interested in finding out more, send a private message and we'll be in touch. #investments #commercialproperty #passiveincome #perthproperty

Gulf's Biggest IPO of 2024: Oman's OQEP Offers 25% Stake 💼🌍  OQEP is preparing to offer 25% of its total issued share capital in the Gulf region's largest IPO of 2024, as part of Oman’s efforts to privatize state assets and diversify its economy. 📈 OQEP focuses on upstream activities like exploration, drilling, and extraction of oil and gas. It is a key player in the energy ecosystem of Oman’s largest integrated energy company, the OQ Group. 🔑 Key Details: Valuation: OQEP’s offering is valued at up to 3.12 billion rial ($8.13 billion), with the potential to raise $2.03 billion at the top of the price range. 💰 Price Range: The IPO will be priced between 370 and 390 baisas per share. Trading Date: OQEP shares are expected to begin trading on the Muscat Stock Exchange on or around October 28. 🗓️ 🌟 Top 3 Anchor Investors: 1) Social Protection Fund: 8.01% of the offer. 2) Al-Hosn Investment Company SAOC: 6.01% of the offer. 3) Mars Development and Investment LLC: 2.60% of the offer. Investment Banks🤝: Sohar International Bank acted as the sole Issue Manager, and as Joint Global Coordinator along with Oman Investment Bank. This IPO is part of Oman’s broader privatization program, following the successful offerings of companies like Abraaj and OQ GN, as the country aims to diversify its economy and reduce debt. Oman’s efforts are aligned with the broader GCC trend of economic reform, which has seen countries like Saudi Arabia and the UAE headline regional growth with privatizations across sectors like energy, hospitality, and infrastructure. Oman is actively pursuing economic and financial reforms to attract global capital flows. These efforts to enhance market infrastructure and deepen its capital markets position Oman closer to achieving emerging market status. What are your thoughts on Oman’s IPO and its growing role in the regional privatization trend? Share your thoughts below!👇 Source: Public Releases 𝗿𝗲𝗽𝗼𝘀𝘁 | if you found it helpful. 𝗹𝗶𝗸𝗲 | if you enjoyed the post. #OmanIPO #OQEP #GulfMarkets #Privatization #EnergySector #MuscatStockExchange #AnchorInvestors #CorporateFinance #MiddleEastEconomy #InvestmentOpportunities

We are very pleased to announce, that we have entered into a binding agreement for the sale our portfolio in Egypt, Italy and Croatia to Carlyle for an enterprise value of up to $945 million. This offer represents 3x+ return since the assets were acquired in 2020. At closing, a special dividend of up to $200m is intended to be declared. The divestment enables Energean to focus on its core #gas-weighted assets in Israel and Morocco, to maximise free cash flow generation and returns to shareholders.  Energean will now evaluate opportunities beyond the Mediterranean in the wider EMEA region, particularly where there is long-term demand and policy support for gas, both in terms of #energysecurity & #sustainabledevelopment. As CEO Mathios Rigas comments “This deal represents an exciting new chapter for Energean. Today we have realised a significant return on the investment made when we acquired this portfolio over four years ago. The transaction delivers on our strategy and Energean’s ability to maximise value for our shareholders. It maintains our highly disciplined approach to capital allocation, as demonstrated by the accretive transaction metrics, coupled with an anticipated special dividend." “Looking ahead, this transaction unlocks management capacity and financial flexibility to drive future growth. Our focus will now be to create enhanced value from our Israel assets, and evaluate new opportunities that fit Energean’s key business drivers: paying a reliable dividend, deleveraging, growth, and our commitment to Net Zero. “Carlyle is the right custodian of the asset base and will create an excellent home for our colleagues. We wish them every success and look forward to watching their progress. I want to thank all of our colleagues based in Egypt, Italy and Croatia for their hard work and dedication over the years.” Panos Benos Angelos Mastrantonis Paddy Blewer Eliana Fishler Sotiris Chiotakis Caroline Hegazi, MBA Antonino Caliri Kyrah Mckenzie Maria Martin https://lnkd.in/e3QkX8AR