Data & Intelligence

Africa Data Insight (Mid-Year 2020)

EMPEA Members can log in to receive exclusive access to the full detailed report (PDF) and underlying data (Excel).

Transaction volume remained consistent in 1H 2020 despite the onset of COVID-19-related lockdowns

Despite rolling lockdowns in response to the COVID-19 pandemic, the pace of private capital deal-making in Africa in 1H 2020 remained consistent with the second half of 2019. GPs completed few large deals on the continent, causing an overall drop in disclosed capital invested from 2H 2019. Notable deals in 1H 2020 included a Mediterrania Capital-led consortium’s buyout of Egypt-based MetaMed from Gulf Capital for USD100m, as well as Ethos Private Equity’s USD73m restructuring of South Africa-based investment manager Brait. The consistent pace of investment may reflect deals already in progress prior to the onset of global lockdowns and economic contractions. The impacts of delayed due diligence and shifting investor priorities may not be fully felt in the region until the latter half of 2020.

EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

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Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

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David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

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Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

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Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company