Business
Value of private equity deals in Africa increased by 11% in 2012
Morgan Stanley Alternative Investment Partners partnered with Capitalworks Equity Partners in an investment in South Africa’s Rhodes Food Group. The deal value has not yet been disclosed.
There was also a secondary buyout when Aureos sold Zambia-based agribusiness Golden Lay to Phatisa for US$24 million.
Healthcare and industrials were the third most active sectors, each bringing in 12 percent of the volume.
Media, retail and telecommunications jointly held the fourth slot with 6 percent of the deals each.
Regionally, southern Africa was the most active with 40 percent of deal activity. West Africa and North Africa brought in 18 percent each, closely followed by East Africa with 15 percent.
Private Equity Africa and Pequin however noted that figures for the 2012 deals exclude African Capital Alliance’s US$500 million buy into the Union Bank of Nigeria, which was counted in the 2011 deal making data.
Source: The East African
