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Databank readies second buyout fund for end of year

Image Credit: CNBC Africa

Investment Bank and Asset Manager Databank Group is looking to start raising a private equity buyout fund focused on agricultural and financial opportunities in Ghana later on this year.  The fund will be the second fund for the investment bank and asset manager, which currently has $232 million in assets, following the $36 million fund it raised in May 2014. CEO Kojo Addae-Mensah tells Bloomberg that a pipeline of opportunities is being built in preparation for the fund, which aims to return more than 10% over five years.

Read more at Bloomberg…

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