The M&A Market in Africa’s Alternative Finance Sector

Headlines in the M&A market in Africa recent years seem to have been dominated by the to-ing and fro-ing of Anglo-South African giants such as Barclays Africa / ABSA and Old Mutual. However, the middle market in financial institutions has been perhaps more active. The M&A market in the alternative finance sector (non-bank or “speciality” lenders) has seen at least thirty transactions (excluding minority stakes) completed over the last five years, and activity levels remain robust over the last 18 months notwithstanding the slow-down of the M&A market overall. The alternative finance sector covers a range of credit institutions which […]