Southern African Private Equity: 2025 Benchmarks & Valuation Multiples
Analysis of R233.3bn FUM, R26.6bn deal flow, and 2.3x mid-market exit ratios
Institutional Capital Deployment in Southern Africa
According to the Southern African Venture Capital and Private Equity Association (SAVCA) 2025 Survey, the private equity industry closed 2024 managing R233.3 billion across Southern African funds, with active investments expanding by 69% in value to reach R26.6 billion across 228 deals.
Multiple Trends & Exit Performance
Exit proceed ratios underscored clear performance tiers: mid-sized PE funds with FUM between R500M and R2BN outperformed larger peers with an average 2.3x proceeds-to-cost ratio on realised exits, with trade sales delivering a 2.1x ratio.
For mid-market business owners, preparing verified, audited EBITDA adjustments and pre-diligence data rooms is the single largest determinant of closing within top-quartile multiples.
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