Private Equity: Braits' earnings rise 50% | Private Equity Africa

Private Equity: Braits' earnings rise 50% | Private Equity Africa

Private Equity: South Africa private equity investor Brait has reported a 50% year-on-year rise in attributable earnings, bolstered by its equity and debt investments.

The company saw its earnings reach R115.7 million as at the end of September 2010, 50% higher than the R77.3 million recorded in 2009. Brait, whose businesses include mezzanine, debt and hedge fund investing also recorded a 10% rise in assets under management to R14.9 billion in the period.

“Despite challenging conditions, our private equity portfolio companies continue to achieve strong operating performance while our public markets’ funds are on track to exceed their target returns for the year,” said Antony Ball, Brait’s chief executive officer. Read More