Mergers and Acquisitions

Africa Analysis is a Research and Analysis Consulting House. Since our inception in 2002, we have completed numerous projects in the ICT and xTech sectors across the African markets.

Africa Analysis provides due diligence services.

Africa Analysis has undertaken various due diligence projects in M&A deals. Africa Analysis roles have included the following:
• Lead
• Market due diligence
• Technical due diligence
• Company Valuation

Completed projects

Examples of the projects that we have completed include

Africa Analysis formed part of a project team (together with a global telecommunications market analysis and consulting firm) tasked with undertaking aspects of a comprehensive due diligence on the African operations of a European fixed line and mobile telecommunications operator. The operator’s African assets were located primarily in Southern Africa.

This project was undertaken for a European private investment house looking to expand its investment portfolio in the African telecommunications sector. As a result of the work, the European investor successfully acquired part of the operator’s African assets.

This project was undertaken for one of the major African fixed line operators, evaluating the opportunity presented by the possible acquisition of a VSAT and Broadband service provider active in a number of markets in sub-Saharan Africa. The project required development of the business plan, including market and financial analysis models for the various country markets and services offered by the service provider.

Market modelling focused on the future growth of the service provider’s subscriber base and market share. Financial analysis was performed to operational expenditure (opex) and EBITDA margin level. In both instances, forecasts were provided for a period of ten years. The outputs of the project assisted the client in making a decision to bid for the service provider operations.

A pan-African retail internet service provider retained the services of Africa Analysis to undertake a due diligence across a number of smaller data service provider operating in its market.

The project included commercial and financial due diligence. On the basis of the outputs of this project, the client took the decision to make a bid for the data service provider’s operations.