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DealMakers AFRICA 2019 Awards
On Tuesday 3 March 2020, DealMakers AFRICA hosted the 2nd Africa awards in Nairobi, Kenya.

 
Turbulence, in the form of geopolitical risks associated with emerging markets, has always gone hand in hand with fast economic growth. But, as that growth potential dims, trade stutters and global supply chains are disrupted, many investors are asking what, if anything, will drive the asset class in future, raising questions over the role of emerging markets in a diversified portfolio. But there are many who continue to believe in the promise of Africa, and for these investors, their understanding of the Continent and its people is becoming increasingly vital – it is a mistake to paint the Continent with one brush. Africa is by no means a single country with one set of homogenous risk factors.

The total value of deals recorded by DealMakers AFRICA for 2019 (excluding South Africa and failed deals) was $15,54 billion, up on 2018’s $11,46 billion. If deals classified as foreign are included, the total value is $115,2 billion (2018: $33 billion). The jump in the value of foreign deals reflects the acquisition by Saudi Aramco of a 70% stake in Saudi Basic Industries ($69,1 billion) and the acquisition by the London Stock Exchange of Refinitive ($27 billion).
Drilling down to a regional level, Southern Africa, and Mozambique in particular, led the tables with a total value of $5,14 billion from 104 deals. Namibia was the most active within the region, announcing 22 deals. On the deal value front, West Africa placed second – $4,2 billion from 125 deals – with Nigeria claiming over 50% of deal activity. It was, however, East Africa with 150 deals that saw the greatest activity, much of which was private equity investments. In fact c. 45% of deals recorded in this region were by private equity funds.

On March 3, DealMakers AFRICA held its second standalone awards event at the Villa Rosa Kempinski in Nairobi to celebrate the achievements of the advisory firms in East and West Africa.

The following awards were made on the night to the top financial and legal advisers to the Mergers & Acquisition industry:
 
East Africa Region
Mergers & Acquisitions
Financial Adviser by deal value
  1. Standard Bank Group
  2. Absa Group
  3. (tie) CBA Capital | Faida Investment Bank | NIC Capital 
Financial Adviser by deal activity
  1. I&M Burbidge Capital
  2. Standard Bank Group
  3. (tie) Absa Group | PSG Capital
Legal Adviser by deal value
  1. Bowmans
  2. IKM Advocates
  3. Anjarwalla & Khanna
Legal Adviser by deal activity
  1. Bowmans
  2. Anjarwalla & Khanna
  3. IKM Advocates

The East Africa Private Equity Deal of the Year 2019:
Fanisi Capital exit of Hillcrest International School

The East Africa Deal of the Year 2019:
Merger of NIC Group and Commercial Bank of Africa
Special Recognition Award 2019
Hidroelectrica de Cahora Bassa IPO
West Africa Region
Mergers & Acquisitions

Financial Adviser by deal value
1.    Rand Merchant Bank 
2.    Standard Bank Group
3.    (tie) Citigroup Global Markets | Evercore Partners 

Financial Adviser by deal activity
1.    Standard Bank Group
2.    PSG Capital
3.    (tie) Rand Merchant Bank | Delta Partners 

Legal Adviser by deal value
1.    Olaniwun Ajayi
2.    G. Elias & Co
3.    Mayer Brown

Legal Adviser by deal activity
1.    Banwo & Ighodalo
2.    G. Elias & Co
3.    Norton Rose Fulbright

General Corporate Finance

Financial Adviser by deal value
1.    Chapel Hill Denham Advisory
2.    Standard Bank Group
3.    (tie) Absa Group | Quantum Zenith Capital & Investments 

Financial Adviser by deal activity
1.    (tie) Standard Bank Group | Chapel Hill Denham Advisory
3.    (tie) Absa Group | Quantum Zenith Capital & Investments 

Legal Adviser by deal value
1.    Banwo & Ighodalo
2.    ENSafrica
3.    (tie) Abdullahi Ibrahim & Co | Olaniwun Ajayi 

Legal Adviser by deal activity
1.    G. Elias & Co
2.    Banwo & Ighodalo
3.    (tie) Abdullahi Ibrahim & Co | Olaniwun Ajayi 

West Africa Deal of the Year 2019:

Merger of Cement Company of Northern Nigeria and OBU Cement
During 2020, DealMakers AFRICA hopes to expand to provide league tables – not only for East and West Africa, but also Southern Africa (ex. South Africa). It is anticipated that the next DealMakers AFRICA Awards for 2020 will be held in March 2021 in West Africa.
Our sponsors for the 2019 Awards

Diamond Sponsor
 
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Membership of the Oval Table, which is by invitation only, comprises six of the corporate finance players and four corporate law firms.
Representatives of the firms make up the DealMakers' Advisory Board which meets half yearly.
DealMakers | DealMakers AFRICA is the quarterly Corporate Finance Magazine
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