List of 14 Africa Financial Services Investors

Investor	PE Assets $mlns	Portfolio		M&A Activity Buy vs Sell, Last 5 Years
Investor	PE Assets $mlns	Total	Current	M&A Activity Buy vs Sell, Last 5 Years
Verod Capital Management Lagos, Nigeria Private Equity Firm • 2008 • website See all 11	-	14	13
Africinvest Tunis, Tunisia Growth Capital Firm • 1994 • website See all 11	1,900	137	63
Development Partners International LLP London, United Kingdom Private Equity Firm • 2007 • website See all 10	1,700	20	18
LeapFrog Investments Ebene, Mauritius Growth Capital Firm • 2007 • website See all 29	-	34	23
Ethos Private Equity Illovo, South Africa Private Equity Firm • 1984 • website	1,200	52	16
WestBridge Capital Partners Bangalore, India Private Equity Firm • 2011 • website See all 5	3,300	29	12
Catalyst Principal Partners Ebene, Mauritius Private Equity Firm • 2009 • website See all 1	125	10	8
Mustard Capital Partners Accra, Ghana Private Equity Firm • 1997 • website See all 1	32	21	7
Global Capital (Pty) Ltd. Johannesburg, South Africa Merchant Bank • 1995 • website See all 3	-	33	11
Old Mutual Private Equity Johannesburg, South Africa Corporate Investor • 2003 • website See all 9	678	14	-
Musa Capital Private Equity Johannesburg, South Africa Private Equity Firm • 1995 • website	110	6	6
Nodus Equity Sandhurst, United Kingdom Private Equity Firm • website See all 4	-	7	7
Aka Capital Bryanston, South Africa Private Equity Firm • 2001 • website See all 1	-	14	6
AMB Capital Sandown, South Africa Private Equity Firm • 1996 • website	-	-	-

Africa Financial Services Investors