By Peter Egwuatu
THE African Private Equity and Venture Capital Association, AVCA, has revealed that African Private Equity, PE, has remained robust with the total value of fund raising increasing by 12.5 percent to USD2.7 billion in 2018 from USD2.4 billion in 2017, indicating investors’ ongoing confidence in African PE.
ACVA, in its annual study presenting PE fundraising, deal and exit activities for 2018, stated that the total value of African PE fundraising between 2013 and 2018 was USD17.8billion and the median size of final closed funds over the same period was USD123million.
Data from the report shows that 1022 reported deals worth a total of USD25.7billion took place from 2013 to 2018. While the value of PE deals dropped marginally in 2018 to USD3.5billion from USD3.9 billion in 2017, the number of PE deals encouragingly reached a six-year peak of 186 in 2018.
In terms of sectors, Information Technology, Consumer Discretionary and Consumer Staples accounted…
