$1bn African investment partnership launches.

Position:Briefs: Finance - Satya Capital - TPG Growth - Brief article
 
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US-based TPG Growth and Satya Capital, founded by ex-Celtel billionaire Mo Ibrahim, have joined forces to invest $1bn in Africa. The new entity will combine Satya's African experience with TPG's global sector expertise and a larger bench of capital.

"The chemistry was good and we thought it could be a very exciting and constructive way for us to collaborate and move forward," managing partner Tsega Gebreyes told African Business. "Africa at the moment is getting a lot of enthusiasm from US firms and others globally but TPG is probably the first to say 'let's go partner with people who are in that space so we can move with greater confidence with speed'."

The aim, says Gebreyes, is to help entrepreneurs build world-class businesses that can be of regional and global relevance.

"I think for the continent there's really a lot of room to build, to be open minded both in terms of size and sectors," she continues. "We're probably the only entity facing Africa at the moment that has the ability to invest across the full spectrum of size.

The focus will be on the consumer retail space, healthcare, TMT (tech, media and telecoms) and financial institutions, but Gebreyes...

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