EVI opens MENA funds

EVI Capital Partners, a private equity firm with offices in Johannesburg, London and Dubai, has launched two new funds totalling US$800mn. 

The buyout fund and mezzanine fund – each worth US$400mn – will be used to make investments in sub-Saharan Africa, North Africa and the Middle East. The funds will target opportunities mining, energy, infrastructure, real estate, telecommunications and other sectors.

In a statement, EVI managing partner Zola Fihlani said the market for these investments is “gaining momentum” compared with a year ago and that interest from the Middle Eastern and Asian investors in particular was “very positive”.