Private equity: AVCA conference April 2014
The AVCA conference was held in Lagos, Nigeria, at the beginning of this month. Here are Dentons’ top five takeaways from the conference.
1. There was huge enthusiasm from the 300 or so attendees at the conference for the opportunities for private equity in Africa. It was also refreshing for international advisers to see an industry that is focused on taking a company from one stage in its development to the next, rather than financial engineering.
2. Private equity is a bifurcated market in Africa. On the one hand, there are energy, telco and financial services transactions with deal values in excess of $100m (£60m). For example, the two largest private equity transactions in Africa last year, both of which Dentons advised on, were the Petrobras joint venture (oil and gas exploration and production in Africa) and multiple investment rounds in IHS Holdings (Africa’s leading mobile infrastructure company). All other businesses typically have deal values of between $1m and $30m; indeed, the EY data referred to below showed that 46 per cent of African private equity exits between 2007 and 2013 had an entry EV of $10m or less. There is very little in the middle…
Click on the link below to read the rest of the Dentons briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from The Lawyer
Analysis from The Lawyer
So last week it emerged that Dentons, already the biggest law firm in the world, is currently in merger negotiations with 21 firms around the globe.
Life in Canada is getting harder for firms as commodities prices fall and work volumes slow