Increasing Capital Flows to Africa

1
Increasing Capital Flows to Africa - Private
Equity

• Thomas R. Gibian

2
Increasing Capital Flows to Africa - Private
Equity

• AIG African Infrastructure Fund Experience
• Risk Mitigation
• Deal Flow and Quality (Some examples)
• Celtel, 40 million
• PanAfrican Energy, 30 million. Exited _at_ 30 IRR
• Orascom Telecom Algeria, 30 million 15 mm
  warrants
• All African Airways, (With Air France) 10
  million
• Charaf Fertilizer, (Morocco) 11 million
• Somdiaa, (Central Africa Sugar),30 million

2
3
Increasing Capital Flows to Africa - Private
Equity

• Deal Flow Contd.
• Pipeline
• Port and Logistics Operations (Multi-country)
• Natural rubber (Multi-country)
• Electricity generation and transmission
  (Multi-country)
• Urban water supply and distribution
• Horticulture (Multi-country)
• Forest products
• Port for offshore oil operations
• Downstream oil
• Mining (Multi-country)

3
4
Increasing Capital Flows to Africa-- Private
Equity

• Our Fund Thesis
• A private equity fund in Africa can make money in
  an honest, fully transparent way
• There is a robust pipeline of transactions in
  Africa suitable for private equity investments
• There is precious little competition from
  suppliers of capital
• We will never be all things to all people
• A large fund has a special market niche and will
  generate premium returns
• There is no substitute to an experienced team
  dedicated to Africa