West Africa’s considerable mergers and acquisitions, along with the financial and correct advisers behind them, had been recognised in the no longer too long in the past launched 2024 DealMakers AFRICA Annual Awards. The awards spotlight transactions that possess fashioned the region’s company landscape, acknowledging the firms and individuals driving advanced affords all over industries.
The DealMakers AFRICA awards are determined primarily by aim standards, assessing the price and replace of transactions recorded. Then again, three categories—Deal of the Year, Non-public Fairness Deal of the Year, and Individual DealMaker of the Year—are selected based completely on nominations from advisory firms. These are evaluated based completely on elements reminiscent of deal complexity, transformational impact, and attainable price advent.
In the West Africa Deal of the Year class, four main transactions were shortlisted. These included Olam Agri’s acquisition of Avisen, Chappal Energies’ aquire of Equinor’s Nigerian business, Renaissance Africa Vitality’s acquisition of Shell Petroleum Trend Firm of Nigeria, and the acquisition of Flour Mills by Excelsior Shipping.
The winning deal in this class was the acquisition of Shell Petroleum Trend Firm by Renaissance Africa Vitality, a transaction that aligns with Nigeria’s broader aim of increasing local participation in the energy sector.
The deal saw possession of considerable onshore property consolidated under a consortium of Nigerian firms, reinforcing local gamers’ roles in the industry. PwC Nigeria, Banwo & Ighodalo, Clifford Likelihood, White & Case, and G. Elias served as advisers on the transaction.
For the Non-public Fairness Deal of the Year, three affords were in contention, including CardinalStone Partners’ exit from i-Fitness to Verod, Verod and its partners’ investment in Moniepoint, and Adenia Partners’ sale of Cresta Paints to Uhuru Investment Partners.
The award was given to CardinalStone Partners for its exit from i-Fitness to Verod, a deal anticipated to drive i-Fitness’ subsequent remark section via Verod’s operational expertise and financial backing. The transaction was facilitated by Rand Carrier provider Bank Nigeria, CardinalStone Capital Partners, Udo Udoma & Belo-Osagie, and Olaniwun Ajayi.
The Individual DealMaker of the Year award, subsidized for the second consecutive twelve months by PSG Capital, recognised five shortlisted professionals: Akinola Akinboboye of Deloitte, Ayotunde Owoigbe of Banwo & Ighodalo, Azeezah Muse-Sadiq of Banwo & Ighodalo, Daniel Adeoye of Verod, and Yewande Senbore of Olaniwun Ajayi. The award went to Daniel Adeoye, a associate at Verod, for his feature in executing excessive-price transactions in the region.
Adenia Partners’ acquisition of Air Liquide subsidiaries all over Africa was recognised with the DealMakers AFRICA Special Recognition award. The deal spanned 12 international locations all over three areas, with Adenia committing up to €30 million over the subsequent five years to pink meat up and expand the newly fashioned entity, Erium. The transaction was urged by Decrop Consulting, Asafo & Co, Fidal Avocats, Deloitte, DPGS & Alliance Partners, and ClassM.
The awards also acknowledged the terminate-performing financial and correct advisory firms in West Africa’s mergers and acquisitions landscape. PwC emerged because the leading financial adviser by deal price, followed by Rand Carrier provider Bank Nigeria, Citigroup Global Markets, and Treadstone Helpful resource Partners. Rand Carrier provider Bank Nigeria and Stanbic IBTC Capital shared the terminate area for financial advisory by deal task.
Banwo & Ighodalo was named the terminate correct adviser by deal price, earlier than Clifford Likelihood, G. Elias, and White & Case. In terms of deal circulation, Banwo & Ighodalo secured the terminate role, followed by Olaniwun Ajayi and Herbert Smith Freehills.
For fairness transactions, Stanbic IBTC Capital was ranked the terminate financial adviser by transaction price, while Templars led because the terminate correct adviser in the equal class. In debt transactions, Afreximbank ranked very best by price, while Olaniwun Ajayi led in correct advisory.
DealMakers AFRICA, which launched its awards in 2000 in South Africa and expanded to the comfort of the continent in 2008, continues to spotlight key transactions that shape African economies. The most modern rankings mirror the growing sophistication of West Africa’s mergers and acquisitions landscape, as local and international firms navigate advanced affords which would possibly perchance well well be reshaping industries all over the region.
