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Advisors, Private Equity

Middle Market Weekly Outlook

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When a railway is dubbed “the lunatic line,” it’s not a good sign.

The Economist tells the story of how private equity has brought technology and skills to a seemingly ill-advised Kenyan railway built during British colonial times. The magazine reports that Africa is flush with PE money right now, with $8.1 billion invested last year. “This great migration of capital comes as African economies are slowing after a decade of great growth.”

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This Week in History… The Federal Trade Commission Act establishes the Federal Trade Commission (FTC). Among the FTC’s aims are protecting consumer interests and upholding antitrust legislation. (1914)





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