Private equity multiples in Africa by sector 2016
Multiples sector focus shows how both the consumer discretionary and consumer staples industries fetch the highest multiples across all sectors. The consumer sector has been identified time and time again as one of the most attractive areas for investment on the continent, due to the favourable demographics and the so-called ‘growing middle class’....
Private equity multiples in Africa by deal size 2016
Higher priced transactions tend to take place at the larger end of the deal size spectrum, in this case in the category of companies with Enterprise Value greater than USD 250m. It is interesting to note that at an Enterprise Value of less than USD 250m, there is very little differentiation between...
The fruit of green investing
Responsible investors are becoming increasingly concerned about the impact of their current decisions on the environment they will retire into. Evidence of rapid climate change is stacking up and any investment decision not factoring this in may be short-sighted. Institutional investors have recognized the importance of ESG factors in their asset allocation...
ILPA Principles 3.0: Embracing the emerging trends of ESG and impact investing
In June this year the Institutional Limited Partners Association (ILPA) published the latest edition of its principles under the title “ILPA Principles 3.0: Fostering Transparency, Governance and Alignment of Interests for General and Limited Partners.” The new principles take a much-needed step forward both in advancing environmental, social and...
Private Equity impact investing in Namibia
Sapna Shah, the Managing director of Global Impact Investing Network (GIIN) started his 2019 report by saying “I wouldn’t surprise you if I opened this letter with a brief statement on the devastation of climate change or the savagery of unequal access to the most basic of services and the tragic consequences that await us...
ESG – A Global Issue?
The role of the investment industry is key to changing ESG matters, however the processes involved are complex and have far reaching effects. “Environmental”, “Social” and “Governance” – three words that investors hear more and more often, and with good reason. Together they define the attitude towards the broader impact on society when...
Millennials aren’t saving enough for retirement – now what?
Millennials represent 50% of existing pension funds’ membership base, yet they make up a mere 5% of retirement fund trustees. This statistic from the Sanlam Benchmark Survey 2018 is indicative of why millennials commonly feel disengaged from the retirement planning process and overlooked by the retirement industry. Millennials have a different set...
Pension funds – should performance fees be retired?
While some pundits have argued recently that performance fees have had their day, this is an oversimplification, particularly in the retirement fund industry. In the retail space, investors are essentially price-takers, as they have no negotiation power over the fees and the fee structures that they pay to asset managers. If they are unhappy, their...
Shanghai-London Stock Connect Scheme launch further demonstrates China’s commitment to opening its market to global investors, says RisCura
RisCura, a global investment advisory and financial analytics firm predominantly focused on emerging markets, has welcomed the launch of the Shanghai-London Stock Connect scheme, saying it will further open the Chinese capital markets and create investment opportunities for UK investors. The scheme, which launched yesterday, is set to encourage cross...
The rise of China’s A-shares is gathering momentum despite ongoing trade tensions, says RisCura
RisCura, a global investment advisory and financial analytics firm predominantly focused on emerging markets, has emphasised that Chinese government policies and proactive market evolution continue to ensure strong opportunities to invest in Chinese markets, despite the current trade dispute with the US, and that these policies and evolution will continue...