According to new research published by the AVCA, Nigeria accounted for 42% of all private equity exits by number in West Africa from 2010 – 2016 H1. Overall, there were 83 PE exits in West Africa over the period, and Ghana and Côte d’Ivoire followed afterwards at 17% and 14% respectively. Key exits highlighted include Actis’ sale of Ikeja City Mall to HyProp and Attacq in 2015 and ECP’s exit from Continental Reinsurance.
From 2010 to 2016 H1, 249 West African private equity deals were reported at a value of US$5.4bn, much larger than the $2.4bn reported in North Africa and $1.4bn in East Africa over the same period.
Access the report on the Real Estate Research Report Centre.