Every year, the international finance magazine (IFM) honors individuals and organizations that make significant achievements that impact the international finance industry and this year Quantum Global Group has been awarded “Fastest Growing Investment Company in sub-Saharan Africa 2017” following major successes in its global development and portfolio growth plans.
The award given based on innovation, growth, sustainability and contribution towards the society was announced after Quantum Global Group showed huge successes in its combination of solid track records and proven expertise used in executing unique investment opportunities around Africa.
Commenting on the award, Jean-Claude Bastos de Morais, Quantum Global Founder & CEO, said: “We are thrilled to have been awarded Fastest Growing Investment Company 2017 by International Finance Magazine. The past year has demonstrated consistent and strong returns over multiple funds and is a testament to our approach, our partnerships across the continent as well as our clients’ satisfaction.”
Quantum Global as part of the wider group, Quantum Global Investments Africa Management(QGIAM) which manages the Group’s seven sector focused Private Equity funds, has spread its wings across diverse areas, impacting the African market. QG Africa Mezzanine LP, an investment fund managed by Quantum Global Investments Africa Management Ltd. (QGIAM), established a Power Development Company, QG Power Africa (QGPA), with Tomé International Ltd. (Tomé) and Independent Power Corporation PLC (IPC) to develop power assets across sub-Saharan Africa in order to meet Africa’s fast-growing demand for power.
Still on establishment and investment in Africa, in 2016, the Angola government leased over 80,000 hectares of plantations to Quantum Global Group and in addition to that, a land bank area was given to the Group to develop large-scale wood fiber plantations in the Planalto region of Angola. As part of this concessional agreement, Quantum Global Group aims to invest approximately USD 50 million to the new plantation establishment, infrastructure and wood processing industries over the next five years. And with this unique global opportunity, the implementation of sustainable forestry practices and facilitating conservation protection on the investments would be achieved.
Parts of the groups success and significant achievements, is the acquisition of 100% interest in the InterContinental Hotel Lusaka from Kingdom Hotel Investments for a gross consideration of USD 35.9 million. Commenting on the acquisition, the founder of Quantum Global said “I’m very pleased with this first acquisition of QG Africa Hotel LP. It underlines our commitment and investment strategy for the hotel sector in Sub-Saharan Africa. The InterContinental Lusaka is strongly established locally and will benefit from the planned refurbishment that will expand and reposition the asset, thereby generating value added returns for our investors.”
Also, adding to its host of investments, the group acquired the largest 5-star property in Ghana. The Mövenpick Ambassador Hotel in Accra was acquired from Kingdom Holding Company for a total enterprise value of $100 million. An acquisition considered till date, the largest open market hotel transaction in sub-Saharan Africa. The hotel which has a strong operational track record of growth, positions it well to capitalize on the expected expansion in the hospitality market in Africa.
An investment aimed at contributing positively in socio-economy of Angola is the formal approval from UTIP (Technical Unit for Private Investment) in Angola. A company (“Grupo Sun Ocean Lda.”) formed by Sun Ocean Holdings Ltd., a local partner with extensive experience in the Angolan market, Embasa (Equatorial Guinea) and QG African Infrastructure 1 LP has received formal approval from UTIP (Technical Unit for Private Investment) in Angola. A project with the target output of over 80 million litres annually hopes to employ over 400 persons as it aims at occupying a unique position in Angola’s drinks and beverage market.
Expatiating on the journey so far, Jean-Claude stated, “The growing success of Quantum Global Group is based upon bringing together employees who are passionate about Africa, positively contributing to the continent’s investment narrative, whilst also supporting the wider development agenda. Through private sector leverage, Africa is one step closer to meeting its development goals through the creation of jobs, industry, contributing toward national growth, as well as encouraging a favourable investment environment for other investors.”
The investment firm has its focus on development in Africa. This development comprises of corporate finance advisory, asset and private wealth management, real estate and investment consulting around Africa with its focus on maximising investment value and returns through its specific local expertise and sectoral active management approach for its African-based and global investors.