Data & Reports - Special Report

Raising the Heat: Exploring Climate-consciousness in African Private Equity

Published: 22 April 2020

Now more than ever, we can feel the effects of climate change around us. Even though Africa’s private capital market is aware of the potential climate-risks on the investment being made, what steps are being taken to incorporate climate change into investment decisions? In this new report, we surveyed 45 investors, who are active in African PE on what their climate-change investment concerns were and how they are mitigating these risks, and also present examples of climate-conscious investment opportunities and challenges in Africa.

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Raising the Heat: Exploring Climate-consciousness  in African Private Equity

Africa Private Equity-backed IPOs 2010–2017

AVCA and PwC's Inaugural report analysing exits of African private equity (PE) portfolio companies on the global capital markets.

Published: 21 September 2018

The African Private Equity and Venture Capital Association (AVCA) and PwC are delighted to present the first report analysing exits of African private equity (PE) portfolio companies on the global capital markets. This report provides a historic analysis of PE-backed initial public offerings (IPOs) of African portfolio companies, including companies with significant operations in Africa, between 1 January 2010 and 31 December 2017.

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Africa Private Equity-backed IPOs 2010–2017

PE Exits in Africa 2018

15th Annual AVCA Conference, Marrakech, Morocco

Published: 24 April 2018

AVCA is pleased to announce the publication of the 2018 Exit Study, How private equity investors create value. Presented by EY and AVCA, the study examines PE exits between 2007–17 using data drawn from both public sources and confidential interviews with former PE owners of exited businesses.

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PE Exits in Africa 2018

Sector Snapshot: Infrastructure

Published: 23 April 2018

AVCA is pleased to announce the publication of its latest report - Sector Snapshot: Infrastructure. The Snapshot provides a concise overview of private equity activity in the infrastructure sector for 2012- 2017.

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Sector Snapshot: Infrastructure

Volatility and Uncertainty: How African Private Equity Navigates Through Turbulent Times

AVCA Special Report

Published: 30 November 2017

This special report presents an exploration of the effects of currency volatility and political uncertainty on the African private equity industry, and provides insights into the strategies adopted by fund managers active on the continent to address the risks and capture the opportunities involved. It features views and experiences collected through a survey and interviews conducted with industry practitioners.

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Volatility and Uncertainty: How African Private Equity Navigates Through Turbulent Times

PE Exits in Africa 2017

14th Annual AVCA Conference, Abidjan, Ivory Coast

Published: 5 April 2017

AVCA is pleased to announce the publication of the 2017 Exit Study, How private equity investors create value. Presented by EY and AVCA, the study examines PE exits between 2007–16 using data drawn from both public sources and confidential interviews with former PE owners of exited businesses.

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PE Exits in Africa 2017

2017 Africa Sustainability Study: ESG, Job Creation and Job Quality

14th Annual AVCA Conference, Abidjan, Côte d'Ivoire

Published: 4 April 2017

AVCA is pleased to announce the release of the second edition of the Africa Sustainability Study. The 2017 edition evaluates private equity’s contribution to and implementation of Environmental, Social and Governance (ESG) standards, job creation, and job quality improvements in Africa.

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2017 Africa Sustainability Study: ESG, Job Creation and Job Quality

Sector Snapshot: Infrastructure

14th Annual AVCA Conference, Abidjan, Côte d'Ivoire

Published: 4 April 2017

AVCA is pleased to announce the publication of its latest report - Sector Snapshot: Infrastructure. The Snapshot provides a concise overview of private equity activity in the infrastructure sector from 2011 - 2016.

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Sector Snapshot: Infrastructure

Africa Sustainability Study: Job Creation

Published: 27 April 2016

AVCA is pleased to announce the release of the inaugural Africa Sustainability Study: Job Creation. The study highlights the impact of Africa’s private equity industry on the development of the African continent by quantifying job creation in private equity-backed companies.

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Africa Sustainability Study: Job Creation

PE Exits in Africa 2016

Published: 27 April 2016

AVCA is pleased to announce the publication of the 2016 exit study, How private equity investors create value. Presented by EY and AVCA, the study examines PE exits between 2007–15 using data drawn from both public sources and confidential interviews with former PE owners of exited businesses.

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PE Exits in Africa 2016

Sector Snapshot: Infrastructure

Published: 25 April 2016

AVCA is pleased to announce the publication of its latest report - Sector Snapshot: Infrastructure. The Snapshot provides a concise overview of private equity activity in the infrastructure sector from 2012 -2015.

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Sector Snapshot: Infrastructure

PE Exits in Africa 2014

AVCA and EY

Published: 29 April 2015

The update to the 2013 AVCA and EY’s 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.

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PE Exits in Africa 2014

Investing for Impact: A Strategy of Choice For African Policymakers

AVCA and Bridges Ventures, commissioned by The Rockefeller Foundation

Published: 25 April 2014

Over the last decade, the main driver of economic progress across the African continent has arguably not been Official Development Assistance flows but growth, underpinned by private sector activity. This trend is set to continue, with private capital forecast to be the most important source of long-term finance. At the same time, an increase in the levels of social inequality and environmental degradation in many African countries has underscored the importance of a more inclusive model of progress. Impact investment is a strategy to align the power of private markets to the social and environmental development needs of society at-large.

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Investing for Impact: A Strategy of Choice For African Policymakers

The Search for Returns: Investor Views on Private Equity in Africa

AVCA, RisCura and SAVCA

Published: 25 April 2014

AVCA, RisCura and SAVCA are pleased to present the first edition of The search for returns: Investor views on private equity in Africa report. The purpose of this report is to provide stakeholders with views on private equity in Africa from the Limited Partner’s (LP’s) perspective.This study examines future investment plans into African private equity, the region’s relative attractiveness, expected return drivers, preferred investment vehicles,and the challenges to investing in the region.

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The Search for Returns: Investor Views on Private Equity in Africa

Broadening Horizons: How do Private Equity Investors Create Value?

AVCA and EY

Published: 24 April 2014

This is the second of our annual studies of how private equity (PE) investors create value in Africa. In our inaugural report, we countered popular opinion about PE in Africa to prove that the industry was making excellent progress in exiting its portfolio companies. We also provided evidence of genuine value creation by PE firms in the region through hands-on involvement in the companies they back.

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Broadening Horizons: How do Private Equity Investors Create Value?

Briefing notes on the implementation of AIFMD

AVCA Legal & Regulatory Committee

Published: 1 September 2013

In the past, private offerings of alternative investment funds (“AIFs”) in the EEA have not required the burdensome regulations that accompany public offerings. The implementation of the Alternative Investment Fund Managers Directive 2011/161/EU will substantially change the regulatory considerations underlying previous private placements in the EEA.

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Briefing notes on the implementation of AIFMD

Harvesting growth: How do PE Investors Create Value?

AVCA and EY

Published: 23 April 2013

This joint research piece, looking at value creation through exit deals across Africa, provides an answer to the commonly asked question “are there exits in Africa?” The continent’s stock markets, other than the Johannesburg Stock Exchange, are still very small and relatively illiquid, and the intermediary networks remain far from complete across the region. As a result, a widely held perception is that exits are hard to achieve and that therefore they are few in number. However, our analysis points to a higher level of exit activity than might be expected.

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Harvesting growth: How do PE Investors Create Value?

The Private Equity Climate in Africa: Embracing The Lion

Avanz Capital in association with AVCA

Published: 1 August 2012

Often referred to as the ‘final frontier’ market by private equity investors, Africa is showing signs of promise due to its rapidly improving economic environment, favorable demographics and growing private sector business activities. Investors who are diligent in their research of investment opportunities have been able to realize outsized returns while minimizing perceived risks. Opportunities exist across the continent, which has been largely overshadowed as an emerging markets private equity destination by hot BRIC markets.

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The Private Equity Climate in Africa: Embracing The Lion

AVCA Member News: CDC, FMO, Norfund et al. back Greenlight Planet Read more: https://t.co/CmZZUf3ZlG

AVCA 2020 Focus Series! Join our panel of experts on 30th September for the last part of our AVCA 2020 Focus Serie… https://t.co/SiyMStL0YU

AVCA Member News: Helios backs Africa Specialty Risk Group Read more: https://t.co/HUnj55qqHQ

Industry event: CAMA and the Private Equity Industry PEVCA and ǼLEX are jointly organising a Webinar on Thursday,… https://t.co/V14xzt1hXE

AVCA Member News: FMO - Dutch entrepreneurial development bank backs third-generation fund Read more: https://t.co/OH2MlmD6Pr