Value of Africas private equity deals grows 11% in 2012.

By bne IntelliNews January 28, 2013
The value of private equity deals in Africa increased in 2012 for the fourth consecutive year, growing 11% y/y to USD 3.5bn, the EastAfrican reported, quoting data by research company Preqin. The number of private equity deals on the continent, however, fell to 32 last year from 39 announced in 2011, as the industry focused on quality over quantity. The business services sector accounted for 72% of the total value, and 30% of the total volume of the deals with the International Finance Corporations USD 204mn investment in Morocco-based bank, Banque Centrale Populaire (BCP), being the biggest deal. The food and agriculture sector accounted for 24% of the number of deals with the top deal being the USD 210mn investment by Washington-based global asset management firm The Carlyle Group, South African private equity firm Pembani Remgro and UK-based Standard Chartered in Tanzania-based pan-African agricultural commodities supply chain manager Export Trading Group (ETG). Healthcare and industrials were the third most active sectors, each with 12% of the volume, followed by the telecoms, media and retail sectors, which had 6% each. Regionally, Africas southern region was the most active with 40% of deal activity, most of which took place in South Africa. West Africa and North Africa had 18% each, followed by East Africa with 15%.

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