This report summarises some of the corporate deals that were announced in the first quarter of 2019.
Information about the deals were gathered from official press releases and media reports sourced by Nairametrics Intelligence, a data and research arm of Nairametrics Financial Advocates Limited.
Nigeria’s General Election couldn’t stop deals from happening– Reports from several banking sources indicate that Nigeria’s general election may have impacted significantly on capital inflows into the country. Most investors preferred to wait by the sidelines to see how the elections pan out before investing in Nigeria. Nevertheless, some corporate deals still occurred, led mostly by Nigerians.
Fifteen outstanding deals– During the quarter, Nairametrics Research captured about 15 major corporate deals in Nigeria in the first quarter of 2019.
Very diverse deals- Deals cut across the financial services sector, tech, agro-commerce, transportation and entertainment etc.
Types of deals– Note that corporate deals during the period were mostly either debt or equity or a combination of both. Some of the deals were series funding, direct equity, mergers and acquisition or pure debt financing.
Reasons for the deals– Target companies utilised the capital for several reasons ranging from business expansion, paying down debt, business synergies, outright acquisitions etc.
Note that this quarterly report shall, henceforth, be free only to Nairametrics’ subscribers.
In the meantime, you may download the Nairametrics’ Deal Book for Q1 2019 here.