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EFG Hermes buys 50% FIM stake for $21.5mln

July 23, 2017

In line with its strategy to expand its asset management business, EFG Hermes, the Egyptian investment bank, is paying $21.5 million for a 50% stake in Frontier Investment Management Partners or FIM [more...]

Long4Life acquires Sorbet in $9mln deal

July 16, 2017

Long4Life, the listed investment firm launched by BidVest founder Brian Joffe earlier this year, announced its second deal last week, agreeing to pay R116 million, or about $9 million, in a cash and [more...]

Phatisa raises Kanu stake to 85%

July 9, 2017

Phatisa, the pan-African private equity firm, has agreed to buy JSE-listed Torre Industries’ remaining interest in Kanu Equipment. The transaction increases Phatisa’s shareholding to 85%, [more...]
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