5 biggest private equity deals in Africa

Africa money

Private equity deals in Africa have remained steady if not particularly fast and furious. The robust growth in the region reflects the universally agreed opportunity of the continent, whilst the modest deal flow is indicative of an emerging market where investors are still cautious and waiting for more adventurous parties to pave the way. And pave the way they are, in 2011 over $3bn worth of deals were closed – E&Y list 5 of the largest in their Private equity roundup – Africa report:

 

Company

Deal value (US$m)

Country

Firm

Tracker Network Ltd.

434

South Africa

Actis Capital LLP, RMB Ventures Ltd.

Eaton Towers

150

Ghana

Capital International, Inc

Universal Industries Corporation

184

South Africa

Ethos Private Equity Ltd.

InterSwitch Ltd.

110

Nigeria

Helios Investment Partners LLP, Adlevo Capital Managers LLC

Rift Valley Railways

110

Kenya

Citadel Capital, African Agriculture Fund, IFC

Unsurprisingly the list is dominated by Southern and Western Africa countries. Kenya flying the baton for East Africa is not much of a surprise either. But is this really worth getting out of bed for? Carlyle Group certainly think so, setting up their Sub-Saharan Africa fund last year was a marker in the Sub-Saharan sand for the cautious larger investors.  The question maybe we should be asking ourselves is not if, but rather when, should we all jump onto the back of the emerging market’s roaring lion?!

 

If you found this interesting then you my also be interested in 10 biggest private equity firms focused on Southern Africa Agri

 

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