ARC and Sanlam in talks to build African private equity champion
Patrice Motsepe’s company is opening offices in various countries on the continent
18 March 2021 - 20:00
The investment holding company of the new boss of African football is in talks with Sanlam about bringing it on-board as a partner as it sets sights on becoming the pre-eminent private equity fund manager on the continent, says ARC Investments co-CEO Johan van der Merwe.
ARC, founded about five years ago by Patrice Motsepe to build a black-controlled conglomerate, owns a 50% stake in London-based buyout firm Arch Emerging Markets Partners and is raising funds and opening offices in various African countries...
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