The African Private Equity and Venture Capital Association (AVCA) today released its annual report analysing activity in the private equity (PE) sector, incorporating regional spotlights covering Southern, West, North and East Africa, alongside exit data for the first time. The report reveals that African PE has remained robust with the total value of fundraising increasing to $2.7 billion in 2018 from $2.4 billion in 2017, indicating investors’ ongoing confidence in African PE. The total value of African PE fundraising between 2013 and 2018 was $17.8 billion and the median size of final closed funds over the same period was $123 million. While the value of PE deals dropped marginally in 2018 to $3.5 billion from $3.9 billion in 2017, the number of PE deals encouragingly reached a six-year peak of 186 in 2018. Exits to trade buyers accounted for the largest share of exits at 39% in 2018, up from 25% in 2017.

Source: The North Africa Journal March 14, 2019 12:11 UTC