Quantum Global has appointed investment banker David Mauro Figueiredo de Carvalho to be the Africa-focused private equity investor’s Regional Director for Angola and Mozambique. Prior to joining Quantum Global, Carvalho headed up the corporate banking division at Banco Comércio de e Indústria and the investment banking departments at Banco Angolano de Investimentos.
“The hiring of Mr. Carvalho is an important step in the firm’s regional growth strategy which, this year, has included a range of appointments and new acquisitions,” said Jean-Claude Bastos de Morais. Quantum’s Founder and Advisory Board Chairman. “His banking and investment experience will enable us to further attract new investors especially at a time when we are experiencing significant interest in Africa from both regional and international investors.”
Carvalho’s appointment is the latest in a string of hires the firm has made during the last few months in support of its expansion plans for the African continent. In May this year, Quantum Global announced the appointment of 11 senior executives to manage its Mauritian-based investment vehicles. In April, Quantum Global announced it was planning to establish offices in a number of key markets in Africa and the Middle East including Angola, Kenya, Mozambique and Nigeria, broadening the scope of its investments services in these markets by offering financial advisory services in addition to actively sourcing and managing local private equity investments.
So far this year, Quantum has announced two deals on the African Continent. In March, a transaction to acquire Lusaka’s 244-room InterContinental Hotel from Kingdom Hotel Investments in a $35.9 million deal closed, while in May, Quantum Global announced that it had reached an agreement with the Government of Angola for a 60-year concession on 80,000 hectares of land to develop large-scale wood fiber plantations in the country’s Planalto region. The Group aims to invest $50 million over the next 5 years in establishing new plantations, infrastructure and wood processing industries.
“Angola, Mozambique, Nigeria and Kenya will continue to be a major focus for Quantum Global over the coming years because we see great momentum and potential in these markets, specifically in important areas of public investments,” commented Carvalho on his appointment. “Given the progress that we have seen over the past decade in these countries, I believe that now is a good time to invest in what are still some of Africa’s most promising markets.”
Quantum Global’s private equity arm manages a family of funds targeting direct investments in Africa in the sectors of Agriculture, Healthcare, Hotels, Infrastructure, Mining and Timber.