July 2016 | - Part 2

Managing and Mitigating Risk in Mergers and Acquisitions

LAGOS, Nigeria, Capital Markets in Africa: A fragile global economy, coupled with local market uncertainty, and concerns over the recovery of equity markets followed by a business environment that places increasing pressures on profitability has significantly increased the complexity of deal making today. Corporate governance issues are paramount and regulatory and compliance issues demand that greater caution be exercised in ensuring that proper due diligence is conducted in assessing transactions and their associated risks. Notwithstanding…

African Private Equity: Reassess our Trades, To Buy, Sell or Hold?

Posted on by The Editorial Team

NIGERIA, Capital Markets in Africa: In September 2012, we at White Lake wrote an article called “Patterns, Predictions and Profits: the Powerful Case for African Private Equity” – our macro investment thesis at that time for Africa. The title speaks for itself -investment professionals always have a view – and we were pounding the table in support of African PE, albeit with some risk caveats. Let’s assume at that time we “bought” African PE as…

Mezzanine Financing: A Solution for the Mid-Market Funding Gap in Africa

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Mezzanine financing in developed markets such as Europe and the United States is typically used to fill a gap in the capital structure, providing additional leverage for primarily private equity funds. In emerging markets such as Africa, mezzanine financing is a key tool in addressing the current lack of funding that is especially obvious in the mid-market, where small and medium sized companies are looking to raise between $5-…

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