Welcome to Ethemba Capital


Ethemba Capital is a private equity firm founded in 2006 and specialising in emerging markets.  Our primary focus is on select emerging markets which we believe present an attractive market opportunity, particularly when compared to developed economies. Ethemba Capital has to date invested in businesses with operations in ten emerging markets including Brazil, Turkey, Croatia, Macedonia, China, Russia and several West African countries.

The values of Ethemba Capital are built around the values expressed by its name – “Ethemba”, the Zulu word for believe, have confidence in and trust.  In everything we do, we are committed to the highest levels of professionalism and performance. Key to our success is our entrepreneurial approach, our experience of years of investing in emerging markets, our commitment to the highest standards of professionalism and our passion for adding value to the companies in which funds managed by Ethemba Capital invest.

We access deal flow through our own direct deal sourcing capabilities as well as through our well-established networks and relationships amongst the group of private equity firms operating in the emerging markets private equity arena.

Established by individuals with extensive knowledge and experience gleaned from many years at senior levels with leading financial and legal institutions, Ethemba Capital advises funds of over €350 million.

Through our co-investment arrangements, we have the ability to commit significantly larger amounts of capital to transactions, allowing us to execute transactions with an equity requirement in excess of €100 million.