This report summarises some of the corporate deals that were announced in the Second Quarter of 2019.
Information about the deals was gathered from official press releases and media reports sourced by Nairametrics Intelligence, a data and research arm of Nairametrics Financial Advocates Limited.
Investors’ Sentiments: The second quarter of 2019 was quite eventful, as many corporate deals were reportedly signed. This followed the successful completion of the General Elections, which appeared to have positively impacted investors’ sentiments.
We have succinctly compiled a number of the deals that went down in the second quarter and are hereby sharing the information with all our esteemed subscribers. Read through to get all the details, including how much exchanged hands in these deals.
Twenty-two outstanding deals: During the quarter, Nairametrics Research captured about 22 major corporate deals in Nigeria.
Very diverse deals: Deals cut across various sectors of the economy.
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 utilized the capital for several reasons, ranging from business expansion to paying down debt, business synergies, outright acquisitions, etc.
Note that the Nairametrics Deals Book is published at the end of every quarter and is free for all Nairametrics subscribers.
In the meantime, you may download the Nairametrics’ Deals Book for Q2 2019 here.