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Follow on Google News |  African Private Equity: Actis, ECP Talk Myths vs. FactsAfrica – where growth is strong, debt levels are low, and populations are young. No wonder investor interest in Africa is accelerating. And yet misperceptions still exist about the true nature of the African private equity opportunity
By: Privcap 
EmAfrica116.9 Africa – where growth is strong, debt levels are low, and populations are young. No wonder investor interest in Africa is accelerating. And yet misperceptions still exist about the true nature of the African private equity opportunity. Our three experts help to dispel these myths and also address the real challenges of investing in a dynamic, growing region. In the first of Privcap’s new three-part series on private equity in Africa, you will hear expert analysis from Hurley Doddy, Managing Director, Founding Partner and Co-CEO of Emerging Capital Partners, Fash Sawyerr, Director, Africa for Actis and Graham Stokoe, Associate Director, Transaction Advisory Services for Ernst & Young. Topics discussed include: why is Africa enjoying something of a private equity boom, why political risk and lack of exits are “exactly the opposite” of what firms like Actis and ECP are experience across this region, and how GPs are meeting the challenge of sourcing talent for their portfolio companies. The segment also includes an expert Q&A with Stokoe. Ernst & Young is the sponsor of this series. View the full video interview here - http://www.privcap.com/ http://www.youtube.com/ Hurley Doddy Managing Director, Founding Partner, Co-CEO Emerging Capital Partners Hurley Doddy is a Managing Director, Founding Partner and Co-CEO of Emerging Capital Partners (ECP). With seven funds and over $1.8 billion under management, ECP is a leading private equity manager focused exclusively on Africa. Headquartered in Washington DC, ECP has seven offices across Africa and over a decade of successful investing experience in companies operating in over 40 countries on the continent. Mr. Doddy, previously COO of ECP, continues to oversee the operations of Africa Funds I, II & III and is a member of ECP's investment committees and executive committee. Prior to joining ECP, Mr. Doddy was an Executive Director at Sumitomo Finance International in London, where he managed the operations of a $200mm equity risk arbitrage book, creating arbitrage and convergence strategies. Mr. Doddy's career in finance began at Salomon Brothers in 1984, lasting over 14 years with assignments in New York, Tokyo and Sao Paulo. While at Salomon, Mr. Doddy gained a wealth of experience in government bond trading, hedge management, fixed income derivatives, equity derivatives, and emerging markets trading. In 1997, Mr. Doddy was appointed as Managing Director of Salomon Brothers, responsible for managing all fixed income and equity risk positions for Banco Patrimônio, Salomon's joint venture in Brazil. In this position, he also oversaw the asset management, equity underwriting and customer fixed income businesses. Mr. Doddy received a bachelor's degree in economics with honors from Princeton University and holds a Chartered Financial Analyst (CFA) designation from the CFA Institute. He has served on the boards of Financial Bank (West and Central Africa), Celtel International (Pan-African) Fash Sawyerr Director, Business & Strategy Actis Fash joined Actis in 2010 from Bain & Company, to work exclusively in emerging economies, inspired by their potential and his wish to contribute to their healthy development. He studied Chemical Engineering at Princeton University and started his career with Ashanti Goldfields in Ghana as a Research Metallurgist, before becoming a Research Fellow in the Department of Chemical Engineering, at the University of Cape Town. In 1999, he joined Bain & Company where he spent more than a decade, working first in South Africa and then in the UK, managing the firm’s London private equity practice. But having worked in both Europe and the emerging markets, Fash knew which he found more rewarding and at Actis, he now works day in day out, with people who share his passion and commitment to making a positive impact. Graham Stokoe Associate Director for Transactions Advisory Services Ernst & Young Graham serves as Ernst & Young’s private equity leader in South Africa and Africa. He joined Ernst & Young Transaction Advisory Services in London in 2004 and then returned to South Africa in 2007. He was a member of the private equity team during his three years in London. Graham advises clients on the acquisitions or sales of businesses. His transaction advisory experience has included buy-side and sell-side due diligence, M&A sell-side, working capital reports for stock exchange purposes, other transaction support as well as advisory and support in respect to IPOs. He is a member of the sell-side team for the firm’s Europe, Middle East, India and Africa area. Graham completed his BCom and BCom (Hons) at the University of Pretoria. He completed his articles at a Big 4 competitor firm and was involved primarily in telecoms, financial services and public sector audits. Following his articles, he undertook audit secondments in Toronto and then in London, before joining Ernst & Young. graham.stokoe@ End
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