AVCA Spotlight on West Africa Private Equity 

The Spotlight on West Africa Private Equity provides a summary of recent private equity transactions, exits and fundraising activity in the region. Our findings reveal that 311 PE deals were recorded in the region since 2007 with a total deal value of US$6.1bn.

Key findings:

  • Between 2007 - 2015 H1, there were 311 reported PE deals in West Africa totalling US$6.1bn

  • West Africa’s share of African PE activity is rising. The region accounted for 25% of the total number of PE deals in 2007 - 2010, increasing to 28% in 2011 - 2015 H1. Its share of the total reported value of PE deals was 9% in 2007 - 2010 and 25% in 2011 - 2015 H1

  • Nigeria and Ghana are the largest markets for PE in the region, accounting for 65% of deal volume and 93% of reported deal value from 2007 - 2015 H1

  • Overall,therewere75PEexitsinWestAfricafrom2007-2015H1,with sales to multinational trade buyers - in financials and consumer sectors - accounting for a significant proportion of the exits.