businessdayonline.com - TPG Growth, the global middle market and growth equity platform of TPG, and Satya Capital Limited (“Satya”), with its founding chairman Mo Ibrahim, announced on the 18th of June 2015, the establishment of a formal partnership focused on new investments in Africa. The relationship will bring together the global strength and resources of TPG’s investment platform, and the regional expertise and relationships of Satya and Ibrahim, to identify and invest in African companies looking to expand both in Africa and globally.

TPG Growth is a market leader in emerging markets investing. Its experienced investment professionals and global operations team have built successful and distinctive businesses around the world in countries such as Vietnam, Myanmar, India and Brazil. Dr. Ibrahim and Satya bring deep regional expertise, relationships and on-the-ground experience. Operationally, Satya offers a solid understanding of the continent’s unique challenges and opportunities for expansion. Dr. Ibrahim is a renowned African business leader and his work, both in business and through his Foundation, is helping to transform Africa.

The firms will focus on investments in a broad range of industries including healthcare, TMT, consumer and financial services. Together they will look for companies and entrepreneurs that want investment partners who understand their challenges and opportunities on a local and global level, and who are focused on partnering closely to help them grow.

According to Ibrahim, “I am very excited that we have found such a great partner in TPG. The dynamic combination of talent and experience of TPG and Satya has the potential to change the scope of investment across the continent. The African economy is just starting to realise its potential, and there are businesses and entrepreneurs across the continent that will thrive with the right operational support and access to global markets. I believe this partnership will give African entrepreneurs a very powerful platform.”