Private Equity Africa Announces 2013 Landmark Award Winners
Awards. The accolades were handed at the 2ndAnnual Gala Dinner, at the prestigious Mayfair Hotel inLondon.
The awards were judged by a panel made up of private equity deal makers, fund investors and academics. Emphasis was placed on how the investor, through its achievement, had helped the advancement and development of private equity inAfrica.
Judges selected the winners from nominations by the London Business School Coller Institute of Private Equity and the PE Africa Awards Advisory Team. The nominees were selected from a shortlist about 30 self-entries and 17 editorial recommendations, based on industry data.
“The number of self-entries received this year, in only our second year, is a testament to how seriously the industry is beginning to recognise that it is important to be recognised for achievement, to be set apart from peers and also demonstrate that Africa has strong private equity opportunities,” says Gail Mwamba, Editor of Private Equity Africa. “Africafor a long time was the only region without a dedicated set of private equity awards, and these accolades help to bring the region to global standards.”
Some of the key awards received on the night were ‘House of the Year’, with Standard Chartered Private Equity taking the accolade for the Sub-Saharan Africa region. Verod Capital walked away with ‘Exit of the Year’ in the Large Cap Segment for GZ Industries, while Emerging Capital Partners won the ‘Deal of the Year’ for the Mid Cap segment, which was the most contested award.
Helios won an award for Innovation at its portfolio company InterSwitch, while Investec Asset Management walked away with Improvement for its work at OK Zimbabwe. The Carlyle Group was recognised alongside Standard Chartered and Pembani Remgro for their Export Trading Group, the largest deal ever closed inEast Africa.
Among the double winners were Leapfrog Investments, which took the ‘Deal of the Year’, in the Small Cap segment – and ‘Portfolio of the Year’ for social impact.
Abraaj Group also won two awards, asNorth Africa‘House of the Year’, and also took the Small Cap exit award. Sev Vettivetpillai, Partner at Abraaj Group, was recognised for Outstanding Leadership in his work at Aureos and now Abraaj. He was the only person to receive an individual award.
“Global investors are for the first time beginning to place Africa above the BRICs in terms of investment attractiveness,” adds Mwamba. “With this interest comes a need for the key players in the industry to be recognised and set apart from peers.”
Recognition was not only given to the largest brand names, but also the small business investors, who frequently work harder to clinch their deals than they would have to in more developed regions. Special recognitions were given to Cauris Management for its commitment to Francophone Africa, while XSML won recognition for early-stage investing inCentral Africa.
The landmark event also raised almost £15,000 for The Olusegun Obasanjo Foundation, which is a UK-based charity with the vision of advancing human security throughoutAfricaacross four key areas.
See full list of award winners here
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Private Equity Africa a UK-based trade journal that focuses exclusively onAfrica’s private equity industry, by providing news, analysis and research. Private Equity Africa offers an independent information and thought-sharing industry utility through an online portal, monthly newsletter, quarterly print publication and events. Information includes fund and deals updates, exclusive interviews, and technical analysis. The Private Equity Africa platforms provide intelligent research, benchmarking, and decision making tools to limited and general partner investors, investment intermediaries, advisors, regulators, governments and corporations.