The African Private Equity Market’s role in the continent’s exciting transformation
By Angela Simpson and Lydia Shadrach-Razzino, Partners and Co-heads of the Corporate/M&A Practice at Baker McKenzie in Johannesburg
The impact of global geopolitical and economic turbulence and the challenges of the pandemic have led private equity (PE) investors to carefully assess which sectors are expected to do well in Africa and where they can find high quality assets at the right price. Healthcare, technology, media and telecommunications (TMT), energy, infrastructure and financials have emerged as the most active sectors by value in Africa in the last few years, with PE investment in general rising substantially despite economic challenges. Rapid innovative developments in these sectors have attracted the attention of PE investors, and it is clear that the continent is open for...