Private equity in Africa

Private equity multiples in Africa

In 2017 private equity multiples saw significant improvement due to several factors influencing the pricing of private equity, but low levels of debt show that the PE industry in Africa is still not debt driven.

By price range

Private equity transactions in South Africa occur predominantly in the 2.5x-5x bracket, whereas in the remainder of Africa most of the deals take place in higher brackets.


According to the 2017 Deloitte SAVCA Africa Private Equity Confidence Survey, most respondents expect entry multiples on transactions in Eastern and Western Africa to increase over the next 12 months due to increased competition for new investments. This competition is expected to be driven by growing interest by development finance institutions in the Eastern region and the recovery of oil price and improved foreign exchange liquidity in the Western region.

Prev Over time