Freshfields highlights growth in Africa deals

The value of African private equity deals reached its highest level since the global financial crisis in the first half of this year, according to Freshfields Bruckhaus Deringer.

The law firm’s research shows that there was a 137% increase in the value of deals between H1 2013 and H1 2014. The 15 deals recorded for the first half of this year were were US$1.5b.

Easier

David Higgins, co-head of the Freshfields group for global financial investors, said: ‘There will be a few bumps in the road, like there always are in emerging markets. But while political risk in Africa remains, the situation gets easier as more deals are done.’ Source: City am