About Us
 
 

Blue International Holdings is an investment company focused on making strategic and impactful investments in the mining, energy and infrastructure sectors within Sub-Saharan Africa. Blue International Holdings takes a sustainable approach to the development and ownership of its assets to generate shared value for all stakeholders over the long-term.

The company is registered in the UK and is owned by UK and US based private investors and has been investing into sub Saharan Africa since 2016. The company is led by a professional team of experienced investors and operators who have been working together since 2009.

Our Mission

We invest in high-quality, long-term mining and energy assets run by excellent, motivated and aligned executives, in order to deliver sustainable and attractive financial returns for our shareholders.

We believe that the two most important sectors to drive sustainable economic development within Sub Saharan Africa are mining and energy.  Furthermore, within this geography these two sectors are often co-dependent for successful development and operations.  New power projects require reliable and bankable off-takers to underpin their economic feasibility while mines require reliable and affordable power to successfully run their operations.  

The successful development of these two sectors together represents a major economic stimulus to developing countries, particularly those endowed with significant natural resources.  Driven by the circular economy, there is an increasing recognition of a “landscape” approach to economic development where multiple enterprises gain mutual benefit from partnership within a value chain or, more accurately, a value web.

As an investor in both of these sectors the Blue International Holdings benefits from this economic development as well as being a positive actor in achieving it.

Our Values

Determination - We go further to get the job done because we care about the outcome.

Collaboration - We build sustainable long-term partnerships based on mutual respect and trust that is earned.

Innovation - We seek and implement solutions that deliver long-term sustainable value for all parties.

 
 

Directors

Andrew Cavaghan

Managing Partner & Executive Director

Andrew is Managing Partner & Executive Director of Blue, having been CEO and then Executive Chairman of Joule Africa since 2011. 

Previously, Andrew was a Director at the UK-based private equity firm Octopus Investments. He was part of the original investment team whose performance helped increase funds under management from £20m in 2004 to over £800m when he left in 2009 (funds under management are now over £8bn). During his time at Octopus, Andrew was responsible for numerous middle market buy-outs, realising an IRR of over 26% over 5 years with four successful trade sales and two IPOs. Earlier, Andrew was part of the founding team at London Seed Capital, an early-stage venture capital fund owned by Greater London Enterprise.  Andrew, spent an early part of his career working at corporate law firm Theodore Goddard, (now Addleshaw Goddard) in the corporate finance department of their London office.

Andrew holds a BA Hons in Philosophy from University College London and is a qualified Barrister in the UK.

Mark Green

Managing Partner & Executive Director

Mark is Managing Partner & Executive Director of Blue, having previously worked as President and Chairman of Joule Africa since 2011.  

Previously, Mark co-founded Desert Lion Partners LLP, which was set up in 2009 to invest in infrastructure and other asset-based projects in Sierra Leone, West Africa. It merged with Joule Investments Limited to create Joule Africa.  Mark has also worked as COO for a new microfinance organisation in Sierra Leone, on behalf of a London-based asset management company. 

Prior to working in Sierra Leone, Mark co-founded a property investment and development company operating in the UK and USA with over $20m of development completed. He has also worked in the strategy team at Accenture and as the Head of International Business Development for retail financial services conglomerate CPP PLC.

Mark holds a BA Hons in Theology from Birmingham University.

Kevin Clark

Non-Executive Director

Kevin is a non-executive director on the board and acts as a consultant to Joule Africa on various projects. Kevin was co-founder and CEO of Joule Management, overseeing all aspects of the firm's hydroelectric plants in Latin America.

Prior to this, Kevin was a General Partner at Integrity Partners, where he played leading roles in the firm’s investments since 2000. Kevin also co-founded Silicon Edge Law Group, an intellectual property law firm. Earlier, Kevin worked as an engineer and patent attorney for Qualcomm.

Kevin holds a B.S. and M.S. in electrical engineering and computer science from the University of California, and a J.D. from Stanford Law School where he graduated Order of the Coif.

Greg Newman

Non-Executive Director

Greg is a non-executive director on the board and is also co-founder of Joule Management, which has hydroelectric plants in Latin America.

In 1999 Greg co-founded Integrity Partners, a seed-stage venture capital firm, where he was a General Partner. Integrity Partners was the first investor in Baidu (NASDAQ: BIDU), a Chinese multinational technology company specialising in Internet-related services and products and artificial intelligence, where Greg served on the Board of Directors until taking the company public in 2005. Prior to Integrity Partners, Greg was part of the founding team at C2B Technologies, subsequently acquired by Inktomi and later Yahoo! Previously, he was on the founding team at Macromedia, which was subsequently acquired by Adobe.

Greg has over twenty years of executive leadership experience creating shareholder value at Fortune 500 companies including Oracle and Apple. He currently serves as a director for several charitable organisations.

David Edward

Non-Executive Director

David spent most of his working career as an underwriter in the Lloyd’s insurance market. He was a founding partner and director of Ascot Underwriting Limited, a company that was taken from start-up in 2001 to a very successful sale to AIG in 2008.

David is now involved in numerous start-up companies in non-executive directorship and advisory roles, assisting these companies during their development.

In addition, David brings experience and expertise in risk assessment and management as well as providing advice on Joule’s insurance arrangements.

 
 

Executive Team

Andrew Cavaghan

Managing Partner

Andrew is Managing Partner of Blue, having been CEO and then Executive Chairman of Joule Africa since 2011. 

Previously, Andrew was a Director at the UK-based private equity firm Octopus Investments. He was part of the original investment team whose performance helped increase funds under management from £20m in 2004 to over £800m when he left in 2009 (funds under management are now over £8bn). During his time at Octopus, Andrew was responsible for numerous middle market buy-outs, realising an IRR of over 26% over 5 years with four successful trade sales and two IPOs. Earlier, Andrew was part of the founding team at London Seed Capital, an early-stage venture capital fund owned by Greater London Enterprise.  Andrew, spent an early part of his career working at corporate law firm Theodore Goddard, (now Addleshaw Goddard) in the corporate finance department of their London office.

Andrew holds a BA Hons in Philosophy from University College London and is a qualified Barrister in the UK.

Mark Green

Managing Partner

Mark is Managing Partner of Blue, having previously worked as President and Chairman of Joule Africa since 2011.  

Previously, Mark co-founded Desert Lion Partners LLP, which was set up in 2009 to invest in infrastructure and other asset-based projects in Sierra Leone, West Africa. It merged with Joule Investments Limited to create Joule Africa.  Mark has also worked as COO for a new microfinance organisation in Sierra Leone, on behalf of a London-based asset management company. 

Prior to working in Sierra Leone, Mark co-founded a property investment and development company operating in the UK and USA with over $20m of development completed. He has also worked in the strategy team at Accenture and as the Head of International Business Development for retail financial services conglomerate CPP PLC.

Mark holds a BA Hons in Theology from Birmingham University.

Adam Clode

Partner

Adam is Partner of Blue and has an exceptional track record of developing resource projects, from defined resource through to operations, across Africa, Asia, and Australia, within both the energy and mining sectors. This includes Deputy Project Manager for a platinum concentrator development in South Africa, Deputy Project Manager at RWE’s £850 million Pembroke Power Station in West Wales, Manager of Projects for African Minerals’ US$3 billion Tonkolili iron development in Sierra Leone, and General Manager of Projects for J Resources’ (Indonesia) gold portfolio. Adam has held Board positions as both Executive and Non-Executive Director. He graduated from the University of Western Australia with Honours and has a Master’s in Project Management.

Christian Wright

Partner

Christian is Partner of Blue with over 25 years developing, project financing and operating power over 1GW of IPP projects across Africa, which have included the formation and running of an IPP company, origination of opportunities, the negotiation of contracts with utilities and their governments, reviewing financial analysis, driving sector reform, negotiating EPC, operations & maintenance, and related contracts, arranging equity and debt from funds, commercial banks and development finance institutions, and supporting operations through strategy, communications and restructuring. 

Before joining us, he was the CEO of Elsewedy Energy, Elsewedy Electric’s IPP business and has also held senior roles in Globeleq, Aldwych International, and AES where he developed and brought to financial close gas, wind, solar, and hydro IPP projects in Africa.   Christian holds a BA Hons in Economics and Politics from Mary Washington University and a Masters in International Relations from the University of Cambridge.

 
 

Advisory Board

Candice Beaumont

Candice Beaumont is Chief Investment Officer who runs L Investments, a single-family office with an endowment style portfolio of public and private equity.  She is also Chairman of Salsano Group, a Panama based family office.   She serves on the Advisory Board of the Family Office Association, the Steering Committee of Yale University School of Management College of Family Offices, NYU Stern Family Office Council & the Princeton University Council of Family Offices and Endowments and is a regular contributor for family office related content in Impact Wealth Magazine.   Candice has been a member of the Board of Directors of numerous private equity firms including DFSA regulated i2BF Venture Fund, is on the Board of Clean Earth Acquisitions Corp., is advisor to numerous SPACs and remains committed to community and philanthropic causes having served on the Board of Directors of Most Valuable Kids, and Care for Kenya, and is currently on the International Council of Advisors for Global Dignity, a charity founded by Crown Prince Haakon of Norway to foster global respect and dignity across all borders, genders religions & races, and is a part of the Academy of The Global Teacher Prize, founded by the Varkey Foundation.

Candice worked previously at Lazard Frères executing over $20 billion of merger and acquisition advisory assignments, and in private equity at Argonaut Capital.  She completed Global Leadership & Public Policy for the 21st Century at Harvard Kennedy School and obtained a Bachelor in Business Administration from the University of Miami, graduating first in her class with a major of International Finance & Marketing.  Candice is a member of Young Presidents Organization, & was part of the Milken Young Leaders Circle.  Candice was honored by Trusted Insight as one of the Top 30 Family Office Chief Investment Officers in 2017, and as a Young Global Leader by the World Economic Forum in 2014 & is a former world ranked professional tennis player.

Ken Costa

Ken Costa is Chairman of Ken Costa Strategic. He was previously Chairman of Lazard International. Before joining Lazard he was Chairman of EMEA at UBS Investment Bank. He has over 30 years’ experience of mergers and acquisitions in the City.

Ken read law and philosophy at Witwatersrand University in South Africa. He later studied law and theology at the University of Cambridge. He is highly active in a number of charitable and faith-based organisations.

Ken is the Gresham Professor of Commerce, where he has recently completed a series of Gresham lectures on “Vision and Values in a Volatile World”.

General Lord Richard Dannatt

Lord Dannatt is the Former Chief of the General Staff and Chairman of the National Emergencies Trust. He has also served as the Commander-in-Chief, Land Forces; and the Commander-in-Chief of the Allied Rapid Reaction Corps, among many other positions.

In addition to his considerable experience in geopolitical and logistical matters, he has direct experience of Sierra Leone, both professionally and via his status as a patron of the charity, Street Child of Sierra Leone.

Philip Green

Philip Green has held various executive and non-executive roles in the UK & US. He was the Non-Executive Chairman of Baker Corp in the US 2011-18, Non-Executive Chairman of Carillion Plc 2015-18, and an advisor to David Cameron on corporate responsibility 2011-16.

From 2006-11 he was the Chief Executive of United Utilities Plc, the UK’s largest listed water company. Before joining United Utilities, he served as CEO of P&O Nedlloyd, Chief Operating Officer of Reuters Group Plc, and Chief Operating Officer of DHL for Europe and Africa.

Philip has also been involved in numerous charitable activities. From 2011-18 he served as Chairman of Sentebale, a charity set up by Prince Harry in Lesotho. Philip is a Patron of Hope Through Action.

Lord David Triesman

Lord Triesman is the former UK Parliamentary Under-Secretary in the Foreign and Commonwealth Office with responsibility for Africa under Tony Blair. Among his other responsibilities, he is now Chairman of the Board of Advisors of the boutique merchant bank, Templewood, whose investors and clients have a strategic interest in Africa.

Lord Triesman maintains close relationships with a number of heads of state in Africa and brings an understanding of the political issues involved in progressing projects of this nature.