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Date: 1 April 2021

Verdant Capital ranks third in the prestigious DealMakers Africa league table for East Africa

Verdant Capital ranked ninth in the DealMakers Africa pan-African M&A league table in 2020 in the recently announced awards. Verdant Capital operates on a pan-African basis in 2020 completed transactions in East Africa, Southern Africa and West Africa.

The highest regional ranking for Verdant Capital was in East Africa where the firm finished third.

Overall deal volumes in pan-African rankings in the pandemic impacted year were approx. flat with 489 completed transactions compared to 464 completed transactions in 2019. Aggregate deal value fell by approx. half, reflecting weaker activity in certain “big ticket” sectors such as Oil & Gas and Banks. Private equity volumes were robust accounting for 54% of transactions in Kenya and 59% in Nigeria. Verdant Capital is one of the leading advisors on private equity sell-sides in the Continent.

Fintech transaction volumes were robust representing a high proportion of funding rounds in the Continent. Based on the growth in its own pipeline, Verdant Capital expects sector-wide deal volumes in 2021 to exceed the levels set in 2020.

In this sector, in separate awards, Verdant Capital was awarded Best Fintech Capital Raising Team in Africa, by cfi.co in its Q1 2021 business and finance awards.

Verdant Capital received the award for its track-record of successful transactions and for its global reach, with investors in its fintech capital raises last year from a broad range of geographies including: the US, Japan, the UK, Switzerland, the Netherlands, Luxembourg and Estonia.

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