Private equity multiples in Africa by sector
Multiples sector focus shows how both the consumer discretionary and consumer staples industries fetch the highest multiples across all sectors. The consumer sector has been identified time and time again as one of the most attractive areas for investment on the continent, due to the favourable demographics and the so-called ‘growing middle class’....
Listed EV/EBITDA multiples
Listed multiples across the Latin America (LatAm) and BRICS markets have moved in sync with developed markets in the last few years, with a clear upward trend. African markets have diverged since the beginning of 2015, creating a large disparity from multiples across the rest of the globe. Multiples in African markets have dropped significantly...
Regional fund and transaction size
In regions where the capital markets and private equity industry are more developed, companies and transactions are larger, supporting bigger funds. As a result, Southern African and Pan African funds continue to have the largest portion of funds over USD 200m. The management costs of a fund with continent-wide presence are much greater than a...
Is it Time to Realize Governments’ Unlisted Assets?
As the 2017 general election approaches, there has been debate on the impact of the first Kenyan sovereign bond. On July 6th 2014, the Kenyan government received USD 2 billion from its successful sovereign bond issuance. The positive and strong subscription of the bond allowed the government to go back to the international markets in...
RisCura – EAVCA East Africa Private Equity Deal Dashboard
EAVCA in association with RisCura, are pleased to release the inaugural East African Private Equity Deal Dashboard. The purpose of this dashboard is to provide investors and practitioners with an aggregate view of the deals and exits that have taken place across the region. This dashboard highlights the sectors, countries and deal types that have...
New Data on East African Private Equity Activity
The first ever dashboard on East African private equity deals has been released, another step forward in the quest for solid investment data on the African continent. Put together by global professional investment services firm RisCura on behalf of the East African Venture Capital Association (EAVCA) the dashboard shows that Kenya is dominating the...
SA Private Equity Resilient Amid Volatile Financial Market Conditions
With investors searching for yield amid global market volatility and slowing economic growth, the performance of South African private equity continues to highlight the benefits of including this asset class into a diversified institutional portfolio. The latest RisCura-SAVCA South African Private Equity Performance Report, which tracks industry data...
Could Selling State Assets Fund Governments Shortfalls?
Once again, the Finance Minister stated in the mid-term budget that state assets would be sold to ‘not let the budget deficit and borrowings creep up.’ But what are they worth? Independent analytics and advisory firm RisCura calculated the values of certain state-owned entities and found that the sale of these unlisted assets might reasonably...
