Dado Ruvic/Reuters Videogame giant Electronic Arts will be taken private in a record-breaking US$55-billion leveraged buyout by a consortium consisting of private equity firm Silver Lake, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners, the company said Monday. The deal for the maker of Battlefield underscores how deep-pocketed investors are betting on the…
When seven expectant mothers in Palm Beach County had their babies delivered by midwives at Florida Woman Care, one of the largest female health care operations in the state, the cost should have been at least 20% less than what physicians charge. Instead, Florida Woman Care documents show, the women were all billed at the…
Earlier this year, Lagos-based private equity firm Aruwa Capital Management invested in Yikodeen, a Nigerian manufacturer of safety boots for workers in the oil and gas, construction, power and manufacturing sectors. Founded by entrepreneur Yinka Atunde, Yikodeen is capitalising on increasing health and safety requirements in workplaces. “With increased regulation and the need for corporations…
Adesuwa Okunbo Rhodes Interview with Adesuwa Okunbo RhodesFOUNDER and MANAGING PARTNER, ARUWA CAPITAL MANAGEMENT Lives in: Nigeria Adesuwa Okunbo Rhodes launched Lagos-based Aruwa Capital Management to tackle a significant funding gap for small businesses in Nigeria and Ghana, particularly those led by women. About six years on, the private equity firm has completed more than…
VivaJets has underscored the crucial role of private aviation in Africa’s oil and gas industry. The airline said private aviation was needed to unlock efficiency, speed, and strategic advantage in the oil and gas sector. The start-up aviation firm was a sponsor and exhibitor at the recently-concluded Nigerian Oil and Gas (NOG) Energy Week in…
Addis Ababa, — At the USA-Africa Summit 2025 in Luanda, African Union Commission Chairperson Mahmoud Ali Youssouf said the AU views U.S.-Africa private sector collaboration as a game changer in the quest for shared prosperity. African presidents, heads of state, ministers, and senior USA and African government officials and business leaders are attending the summit…
Tensions reached boiling point in a Wednesday meeting of parliament’s select committee on economic development & trade after Post Office business rescue practitioners Anoosh Rooplal and Juanita Damons requested that parts of their presentation on their plan to save the ailing state-owned company be held in private, away from the media. MPs across the political…
