Eczellon Capital promotes unlisted enterprises with $250m equity fund

BY CHINENYE ANUFORO

Eczellon Capital has said that it would invest $250 million private equity fund in un­listed enterprises with high capital growth potentials over the medium to long-term.

According to the company in a statement, the fund is meant for projects in energy, infrastructure and a few oth­er active sectors in the evolv­ing West African economy.

It added that the fund would be used to support identified investment oppor­tunities and already pack­aged deals in energy, infra­structure and a few other high growth sectors, even as it expects a strong deal flow beyond the already identi­fied portfolio.

“The fund will invest in and support unlisted en­terprises with high capital growth potentials over the medium to long-term (rang­ing from three to five years.

The company explained that the firm had already as­sisted Nigerian companies to secure over $140 million in committed capital in 2014, adding that the firm was seeking further opportunities to expand access to finance for its focus sectors in com­ing years with the launch of the new fund.

“Eczellon Capital believes in and solidly supports the African Dream and this will come when businesses, large corporations and small en­terprises alike, can flourish and deliver the much needed fundamentals like power, en­ergy and other developmen­tal needs of the continent.

Source : SunOnline