List of 8 Retail Private Equity Firm Investors in Africa

Investor	PE Assets $mlns	Portfolio	M&A Activity Buy vs Sell, Last 5 Years
Adenia Partners St Pierre, Mauritius Private Equity Firm • 2002 • website See all 16	800	14	13
Verod Capital Management Lagos, Nigeria Private Equity Firm • 2008 • website See all 11	-	14	13
Development Partners International LLP London, United Kingdom Private Equity Firm • 2007 • website See all 10	1,700	20	18
Ethos Private Equity Illovo, South Africa Private Equity Firm • 1984 • website	1,200	52	16
Catalyst Principal Partners Ebene, Mauritius Private Equity Firm • 2009 • website See all 1	125	10	8
Horizon Equity Partners Johannesburg, South Africa Private Equity Firm • 1996 • website See all 2	34	17	6
Musa Capital Private Equity Johannesburg, South Africa Private Equity Firm • 1995 • website	110	6	6
AMB Capital Sandown, South Africa Private Equity Firm • 1996 • website	-	-	-

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Africa Retail Private Equity Firm Investors