Quantum Global Group (Quantum Global), an investment firm focusing on Africa, has announced expansion plans across the Middle East and Africa region. The firm will establish offices in key markets to increase investor access to the vast development potential through funds registered in Mauritius. The funds are setup to target high growth industry sectors in Africa that include agribusiness, hospitality, timber and mining, healthcare and mezzanine investments.
As part of the expansion plan, Quantum Global is said to have begun the legal registration process to open a representative office in Dubai to offer financial advisory services to Asian and Middle East investors looking to tap into Africa’s development potential. Quantum Global also announced the planned opening of strategic offices in other countries such as Nigeria, Angola, Kenya and Mozambique. The firm will broaden the scope of its investment services in these markets by offering financial advisory services, actively sourcing deals and managing the local private equity investments.
Earlier this month, QG Africa Hotel LP acquired the 244-room InterContinental Hotel Lusaka in Zambia from Kingdom Hotel Investments for a gross consideration of USD $35.9 million. QG Africa Hotel LP is a USD $500 million Mauritius-based fund by QG Investments Africa Management Ltd of Quantum Global that aims to capitalize on the emerging opportunities in the hospitality sector. As a long-term direct equity investor in hotel projects across sub-Saharan Africa, they are targeting real estate and real estate-related investments in midscale to upscale business hotels.
Commenting on the Group’s expansion plans, Jean-Claude Bastos de Morais, Founder and Chairman of the Advisory Board, said:
“With Africa offering enormous development potential, global investors including Asian and Middle Eastern, are increasingly looking to capitalize on investment opportunities in the region in a low risk environment that Mauritius has to offer. Building on Quantum Global’s African heritage, we can really bring considerable investments into the region. We are therefore extremely thrilled about expanding our presence across Africa and the Middle East.”
Focused on high-growth sectors on the African continent, Quantum Global’s Mauritius registered portfolio comprises of a mezzanine fund and dedicated private equity funds in the infrastructure, hospitality, agriculture, healthcare, timber, and mining sectors.