PE activity seen eclipsing mergers and acquisitions

Guests during a private equity and venture capital conference in Nairobi in April 2019. PHOTO | DIANA NGILA | NMG

Private equity investments are expected to dominate corporate deals in East Africa this year as businesses seek new capital to aid post-Covid recovery, outperforming mergers and acquisitions.

Advisory firm I&M Burbidge Capital said in an outlook report that increasing liquidity from PE firms, largely from development capital funds, will drive the segment that saw the number of deals rise to 73 last year from 69 in 2019.

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