Friday, March 19, 2021 / 5:24 PM / Ayomide Oguntoye for WebTV / Header Image Credit: WebTV
Nigerian British Chamber of Commerce (NBCC) last week hosted a webinar that
focused on the theme "Managing Private Equity/Entrepreneur Relationship".
Kayode Falowo, President of the NBCC in his welcome address noted that in a
global private equity market review 2020, the total Asset Under Management
(AUM) as of 2019 was estimated to be US$3.9trn with North America, Europe, and
Asia accounting for 49%, 18.3% and 28.4% of the market respectively;
while the rest of the world represented 4.2% of the market.
review according to Mr. Falowo showed that there was a great disparity in the
private equity market between Africa and other continents. He stated that
this may be due to the general economic challenges in Africa like
political/social-economic instability, currency fluctuations, insecurity, and
lack of adequate infrastructure.
also mentioned that the limited awareness and understanding about funding on
the part of entrepreneurs had contributed to the sluggish development of the
private equity market.
further mentioned that the NBCC was concerned about the development of the
private equity market, as it would generate revenue for the government and
decent earnings for investors through the creation of real value that was
a bid to achieve this, he observed that there was more to be done to prepare
entrepreneurs in terms of understanding the financing needs and different
stages of a business cycle through meeting the investor-requirement and
Okey Enelamah, Chairman African Capital Alliance delivering his keynote address
said that the principle of 'partnership by collaboration' can be considered
necessary, in the process of managing private equity and entrepreneurial
relationship as it has been proven to have created wealth for both the
investors and entrepreneur over a long period.
a former Minister of Industry, Trade, and Investment observed that Africa
remains an attractive investment destination, for private equity investors
seeking to back high-growth businesses with long-term impact and economic gains.
how investors could leverage on the private equity market, Enelamah said
through research, investors could negotiate at the point of entry and work
closely with the founders and management of a business to create value and
generate early liquidity.
the benefits to entrepreneurs, he said that, the partnerships would provide
entrepreneurs with access to patient capital, value addition and serve as a
catalyst for growth.
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