Private equity

Pricing in Africa

Many of the drivers of price changes are unobservable, so it is often difficult to interpret changes over time. However, the same factors that influence any investment’s price also influence private equity market prices, as noted in this research's introduction.

Transactions in South Africa occur predominantly in the 3.5x-7.0x bracket, whereas in the remainder of Africa, an ever-increasing majority of transactions take place at a multiple exceeding 7.0x. The African multiples exceeded the South African multiple on average by 17%.

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