Sub-Saharan Africa mergers and acquisitions deals reached a record $44 billion in 2010, about twice the transactions recorded the previous year, according to Thomson Reuters data.
Telecommunications is the most targeted industry in region with US$12.2billion, raking in 30% of the deals, up from $3.7billion in 2009.
The sector was lifted by Bharti Airtel’s $10.7billion.acquisition of Zain Africa from Zain Group.
Equity issuance in 2010 reached $8.3billion with initial public offerings making up 52% of the activity.
The materials sector was the most active in terms of equity issuance with 38% of the activity, followed by the energy and power sector, with financials coming in third.
South Africa was the most active issuer of equity with 59%, followed by Mauritius at 24%.
Morgan Stanley, Standard Chartered and UBS topped the advisory charts, in terms of total fees raked in.
Top 10 Sub-Saharan Africa 2010 M&A deals
click on image to enlarge