Private equity (PE) exits in Africa reached an eight-year high in 2014, and strong activity should continue as more companies enter the period where an exit becomes increasingly imperative, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).
The update to the 2014 EY and AVCA study, “Broadening Horizons: How Do Private Equity Investors Create Value? highlights a strengthening market for private equity exits in Africa. Private equity firms exited 40 companies between 1 January and 31 December 2014, a 38% increase from 29 exits in 2013, and the largest total since 2007, when there were 34 exits. The data, based on EY research and statistics from AVCA, is released at the start of the 12th Annual AVCA Conference this week in London.