| PE industry to blossom despite current Covid-19 concerns…
Uncertainty continues to cloud the international economic and political space, caused largely by the growing concern over coronavirus Covid-19 and its effect on markets, travel and work. Despite LPs and GPs’ very real unease over the current economic climate, this week has been a positive one for private equity investors.
On Monday, Actis and Westmont Hospitality Group acquired the Sheraton Hotel in Casablanca. The week continued with Equistone-backed Small World snapping up French-based international payments company MoneyGlobe, which enables transfers from France to regions including North and West Africa, the Caribbean and South America. Goldman Sachs-backed tech company JUMO, which services over 15 million customers in Africa and South Asia, announced it raised USD55 million in its latest funding round on Wednesday.
Our lead story this week, written by James Williams, managing editor of Private Equity Wire, takes a broader look at the future of the global private equity space which looks set to blossom over the next decade. For this expansion to be realised however, industry leaders must search out new ways to deliver growth in their firms’ portfolios.
Private Equity Wire
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