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Private Equity in Angola
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Reference: IVEY-9B15M105-E
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Year: 2008
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Number of pages: 16
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Geographic Setting: Norway, Angola, Africa
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Publication Date: Oct 16, 2015
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Fecha de edición: Oct 27, 2015
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Source: Ivey Business School (Canada)
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Type of Document: Case
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Industry Setting: Finance and Insurance;
Description
The investment manager for Norfund, a Norwegian development finance institution, is seeking additional investors for a private equity fund focused on the African nation of Angola. After several large development banks reject the investment opportunity, the European Investment Bank agrees to conduct due diligence before making a potentially significant investment in the fund. The investment manager sees Angola as an investment area with high potential, but faces skepticism by investors who worry about potential risks after previous failed attempts to invest in the country.
Learning Objective
The case can be taught in an MBA course on global management as part of a module on global human resources management. Issues include emerging-market development, expatriate management, resource-dependent economies, political risk and development finance.