Mandla Sibanda is a respected investment banker with experience putting together deals that span the entire continent of Africa. He is currently a Senior partner of PML Investments and is responsible for the identification, analysis, structuring and negotiation of investment opportunities for the company. PML Investments is an African-based private equity investor focused on growth equity, infrastructure and real estate investments in SSA and is headquartered in Abuja, Nigeria with offices in Lagos, Dubai and Sandton, South Africa.
Prior to PML, Mr. Sibanda was a founding director of Invest In Africa (Pty) Ltd (IAI) where he focused on deal origination and capital raising. IAI has controlling interests in airports, airport management and an engineering consultancy.
Prior to joining IAI, Mr. Sibanda was, from 2004 to 2007, head of Corporate Development at Econet Wireless Group (EWG) based in Johannesburg where he originated and concluded the acquisition of five mobile telephone operations by EWG. He also led the team that negotiated the exit of Altech as a shareholder in EWG and the entry of MTN as a shareholder in Mascom Wireless Botswana. Mr. Sibanda introduced EWG to Mutare Bottlers and subsequently led the team that facilitated the acquisition of 70% of Mutare Bottlers by the EWG consortium in which he is a shareholder.
From 2003 to 2004, Mr. Sibanda was a founding partner at Gallium Venture Capital (Pty) Ltd, a private equity advisory and management company. The company was co-founded by AfricaOnline Founder Ayisi Makatiani. At Gallium, Mr. Sibanda advised the Bombela consortium on their successful bid for the Gautrain project, Basil Read on various funding options and Econet Wireless on a US$35 million capital raising project for Econet Wireless Nigeria.
He started with Gallium after leaving AIG Global Investment Corp (AIGGIC) in New York where he was, from 1999 to 2002, responsible for the establishment of the $407 million AIG Africa Infrastructure Fund, which at that time was the largest private equity fund focused on Africa. While working for AIGGIC Mr. Sibanda was part of the team that invested in companies like Celtel, Pan African Energy, Air Ivoire and Orascom Algeria.
Mr. Sibanda joined AIGGIC from J. P. Morgan where he was an associate in the emerging market sales, trading and research. From 1995 to 1996, Mr. Sibanda worked as an engineer for Barloworld (logistics manager for Tubemakers of South Africa) before going to business school.
Mr. Sibanda has numerous notable responsibilities and transactions on which he has worked including:
- Consultant to Harith Fund Managers on the establishment of the $1.2 billion Pan-African Infrastructure Development Fund (PAIDF), one of the largest pan-African private equity funds;
- Member of the team that established the $407 million AIG Africa Infrastructure Fund, (AIGAIF) - the largest pan-African private equity fund at the time – and invested in companies like Celtel, Pan African Energy, Air Ivoire and Orascom Algeria.
- Sourced and negotiated more than $200 million of investments in telecommunications, oil & gas, airlines and media that formed the bulk of the initial investments made by the AIGAIF;
- Advised Econet Wireless International (EWI) on its expansion strategy; raised $35 million for EWI’s expansion into Nigeria; and advised on the hostile exit of a major shareholder;
- Worked with advisors to prepare EWI for a London Stock Exchange (LSE) listing;
- Advised and raised R175 million for the Bombela Consortium on empowerment financing for the Guatrain project, and was appointed to the SPG Board;
- Lead advisor on the R50 million MBO and BEE deal for Izwe Hydraulics, a medium sizes mining equipment supply company
- Restructured the $100 million Namibian government pension fund private equity portfolio
- Board member of Indiza Airport Management, a subsidiary of J. Burrow, and the second largest airports management company in South Africa
Mr. Sibanda earned his MBA degree in Finance and Information Systems from New York University (Stern Business School), M.Sc. in Materials Engineering from University of Cape Town, and B.Sc. in Metallurgical Engineering from the University of Zimbabwe. He also completed the International Management Program at the London Business School. Mr. Sibanda is a member of the South Africa Institute of Financial Markets (SAIFM).