M&A Deal Summary

Africinvest and Emerging Capital Partners Acquire Planor Capital International

On April 1, 2007, growth capital firms Africinvest and Emerging Capital Partners acquired communications company Planor Capital International

Acquisition Highlights
  • This is Africinvest’s 1st and Emerging Capital Partners’ 5th transaction in the Communications sector.
  • This is Africinvest’s 1st and Emerging Capital Partners’ 1st transaction in Ivory Coast.

M&A Deal Summary

Date 2007-04-01
Target Planor Capital International
Sector Communications
Buyer(s) Africinvest
Emerging Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Planor Capital International

Abidjan, Ivory Coast
MTN Cote d'Ivoire SA (MTNCI) is the leading GSM cellular communications provider in Cote d'Ivoire offering affordable communications solutions based on post-paid and prepaid services. MTNCI has rolled out its network in all major urban areas in the country representing 154 cities and towns and offers distinctive features such as a high quality network quality, versatile product offerings, a wide geographic coverage, attractive prices and a track record for innovation. MTNCI employs about 600 people and has over 1.6 million subscribers.

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Buyer(S) 2

Buyer

Africinvest

Tunis, Tunisia

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1994
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Africinvest is a private equity firm focused on growth investments in African companies. The Firm generally targets minority investments in small to medium-sized companies, but Africinvest will consider select majority situations. Africinvest does not have any sector preferences and looks to hold for 4 to 6 years. Africinvest was formed in 1994 and is headquartered in Tunis, Tunisia.


DEAL STATS #
Overall 2 of 57
Sector: Communications M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 10
Country: Ivory Coast M&A 1 of 1
Year: 2007 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-01 Matel B.V.

Morocco

Matel B.V. is a largest computer hardware distributor.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 Sun Ridge

West Dangbe, Ghana

SunRige Company Limited was established in December 2007. Its authourised business is the processing and sale of mineral water. Located in the West Dangbe District in Accra the company is one of the few natural mineral water producers in Ghana. Their product comes in 1.5 litre bottled water, 300ml bottled water, 20 litre bottled water and sachet water. The brand name for the bottled water is Safina.

Buy -
Buyer

Emerging Capital Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2000
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Emerging Capital Partners LLC (ECP) is a private equity firm that invests in diversified businesses across the Africa. ECP targets companies with proven operating models and strong market positions. Broad areas of interest include financial services, telecommunications, transport logistics, petrochemicals, natural resources, agribusiness, and utilities. Emerging Capital Partners was formed in 2000 and is based in Washington, DC. The Firm has additional offices in Paris, Abidjan, Casablanca, Douala, Johannesburg, Lagos, and Tunis.


DEAL STATS #
Overall 14 of 38
Sector: Communications M&A 5 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 24
Country: Ivory Coast M&A 1 of 2
Year: 2007 M&A 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 Wentworth Resources

Jersey, United Kingdom

Wentworth Resources is an independent oil and gas company with gas production and a committed exploration programme in the Rovuma Basin of southern Tanzania and northern Mozambique. The Company and its concession partners own a gas processing plant and a gas receiving plant, and a 27 km pipeline system in Mtwara, Tanzania. Wentworth Resources was founded in 2000 and is based in Jersey, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Teranga Gold

Toronto, Ontario, Canada

Teranga Gold Corp. is a canadian-based gold company acquire the Sabodala gold mine and a large regional exploration land package, located in Senegal, West Africa, along with shares held in Oromin Explorations Ltd. (“Oromin”) from Mineral Deposits Limited (“MDL”), collectively referred to as the Sabodala Gold Assets. Teranga Gold was founded in 2010 and is based in Toronto, Canada.

Buy -