Private equity-backed IPOs among largest in Africa

The African Private Equity and Venture Capital Association (AVCA) and PricewaterhouseCoopers (PwC) released its publication, Africa Private Equity-backed IPOs, yesterday, providing a historic analysis between 2010 and 2017 on exchanges throughout Africa, as well as IPOs by African companies on international exchanges.

Head of Research at AVCA, Enitan Obasanjo-Adeleye, notes that, “We’re excited to have worked with PwC to highlight private equity-backed IPO activity on the African continent. The capital markets play a fundamental role in the efficient allocation of capital and are a critical exit route for private equity globally. We have long noted that the proportion of private equity exits through IPOs in Africa is lower relative to markets such as the US and UK. This publication now provides data which will be important for ongoing dialogue around measures that need to be taken to narrow this gap.”

Over the period from 2010 to 2017, African private equity-backed IPOs