Merger, acquisition transactions reach $25.7bn in sub-Saharan African

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Johnson OkaforRefinitiv has released the 2020 investment banking analysis for sub-Saharan African.According to the analysis, the value of announced merger and acquisition transactions with ...

According to the analysis, the value of announced merger and acquisition transactions with any sub-Saharan African involvement reached $25.7bn during 2020.

The value of deals with a sub-Saharan African target declined 39 per cent to a sixteen-year low of $12.5bn as domestic M&A within the region declined 44 per cent from last year and the combined value of inbound deals reached just $7.1bn, the lowest annual total since 2009. “With advisory work on twenty deals worth a combined $4.4bn, JP Morgan holds to the top spot in the financial advisor ranking for deals with any sub-Saharan African involvement during 2020.”

Advisory fees earned from completed M&A transactions generated $108.3m, down 55 per cent year-on-year to the lowest level since 2013.

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