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