Besides KHC, the PAIP
II's investor base includes African Development Bank, International Finance Corporation, European Investment Bank, and Netherlands Development Finance Company.
funds' investments include consumer lender Letshego Holdings Limited, housing developer Mixta Africa SA, power infrastructure company Consolidated Infrastructure Group and canned tuna processor Thunnus Overseas Group.
Kingdom Zephyr manages the investments of PAIP
II and PAIP
I from offices in Accra, Ghana; Johannesburg; London; and New York.
Temasek and Kingdom Holding Company's partnership in PAIP
II further demonstrates and solidifies our dominance in the Private Equity field in the African continent.
II is targeting up to $500 million in capital commitments of which KHC is planning to inject 50 percent of the total commitments or $250 million, and will make growth capital investments in profitable, growing businesses throughout Africa that operate or plan to operate in more than one African country.
I's geographical reach covered the entire continent.
Chaired by Prince Alwaleed bin Talal, KHC had launched the PAIP
I in 2003 which successfully closed with an IRR of 92 per cent.
DES ESPAI PAIP
R TO DELIGHT Little Brody hooked up to machines before his operation and, above, now he's home
ROF BELT BEL ERS Larking about with partner Jennifer
RED The kerb after the council fixed and painted it
KHC carried out this investment under second Kingdom Zephyr fund - PAIP
II, which covers KHC, African Development Bank, International Finance Corporation, European Investment Bank, and Netherlands Development Finance Company.
According to statement released FHN transaction was through the second Kingdom Zephyr fund, PAIP