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Cape Town - Barclays Africa Group announced that it disposed its entire stake in Absa Capital Private Equity Fund I.
"Barclays Africa Group through a wholly-owned subsidiary Absa Trading and Investment Solutions Proprietary Limited (ATIS) is pleased to announce that it has disposed of its 73.37% limited partnership interest in Absa Capital Private Equity Fund I (ACPE Fund I) to a syndicate led by HarbourVest Partners L.P. (HarbourVest), comprising funds managed by HarbourVest and Coller Capital Limited."
The deal also resulted in Absa Capital Private Equity Proprietary Limited (ACPE) spun off to become a new independent South African private equity fund manager known as Rockwood Private Equity.
ACPE Fund I is a fully invested South African private equity fund established in 2008.
The Fund has exposure to the general industrials sector in sub-Saharan Africa and comprises the following investments:
– Bravo Group, a diversified manufacturer of household furniture products and licence holder;
– EnviroServ, a leading waste management company specialising in industrial and commercial waste management;
– Kwikspace, the largest and most diverse manufacturer of prefabricated buildings in sub-Saharan Africa;
– Safripol, a plastic manufacturer and the only producer of High Density Polyethylene and one of two producers of Polypropylene in South Africa; and
– Tsebo, a diversified catering, facilities management and cleaning company, with operations in various countries across Africa
HarbourVest is a leading secondary partner purchasing private equity and debt assets.
Coller Capital makes investments across the globe and is one of the top investors dedicated to the private equity secondary market.
"Barclays Africa Group through a wholly-owned subsidiary Absa Trading and Investment Solutions Proprietary Limited (ATIS) is pleased to announce that it has disposed of its 73.37% limited partnership interest in Absa Capital Private Equity Fund I (ACPE Fund I) to a syndicate led by HarbourVest Partners L.P. (HarbourVest), comprising funds managed by HarbourVest and Coller Capital Limited."
The deal also resulted in Absa Capital Private Equity Proprietary Limited (ACPE) spun off to become a new independent South African private equity fund manager known as Rockwood Private Equity.
ACPE Fund I is a fully invested South African private equity fund established in 2008.
The Fund has exposure to the general industrials sector in sub-Saharan Africa and comprises the following investments:
– Bravo Group, a diversified manufacturer of household furniture products and licence holder;
– EnviroServ, a leading waste management company specialising in industrial and commercial waste management;
– Kwikspace, the largest and most diverse manufacturer of prefabricated buildings in sub-Saharan Africa;
– Safripol, a plastic manufacturer and the only producer of High Density Polyethylene and one of two producers of Polypropylene in South Africa; and
– Tsebo, a diversified catering, facilities management and cleaning company, with operations in various countries across Africa
HarbourVest is a leading secondary partner purchasing private equity and debt assets.
Coller Capital makes investments across the globe and is one of the top investors dedicated to the private equity secondary market.
