Investment and shareholder decisions

Business Valuation in Africa

Independent business and investment valuations for acquisitions, shareholder transactions, financing and disputes. Based in Mauritius, Corpfin Analytics serves African businesses and European investors.

01 Question 02 Evidence 03 Analysis 04 Decision

When valuation is needed

What decision must the valuation support?

The purpose, valuation date, interest being valued and available evidence determine the scope. A whole-company value does not necessarily represent the amount available to a particular shareholder.

Acquisitions and new investment

Assess whether the proposed price is supported by operating performance, cash generation, financing requirements and credible exit assumptions. Examine the additional capital required after acquisition and its effect on investor returns.

Shareholder transactions and disputes

Assess the economic interest being transferred or disputed, including dilution, control, distribution rights and restrictions. Incorporate confirmed legal findings from appointed counsel into the financial assessment.

Funding and capital structure

Compare the effect of debt amounts, repayment terms and new equity on business value and existing shareholder economics. Assess whether forecast cash can support the proposed obligations.

Downside and recovery

Examine value under weaker trading, delayed distributions, refinancing pressure and alternative recovery routes. Separate enterprise value from proceeds available after liabilities, costs and competing claims.

Valuation approach

Connect operating assumptions to investor value

The methodology is selected for the business, the interest being valued and the evidence available. Forecasts and market comparisons must be tested against the economics of the underlying investment.

  • Cash flows: examine revenue, margins, working capital, capital expenditure and the funding needed to deliver the forecast.
  • Country and currency exposure: assess how market conditions, inflation, exchange rates and distribution constraints affect cash flows and required returns.
  • Ownership and financing: distinguish business value, equity value and the value attributable to the investor through each holding and funding layer.
  • Sensitivity and downside: identify the assumptions that materially change value and assess credible alternative outcomes.

A valuation can be combined with financial due diligence where the reliability of financial information or forecasts needs examination, and with a cross-border structure review where cash must pass through several jurisdictions.

Scope and outputs

What the engagement should establish

Reporting sets out the valuation conclusion, supporting evidence, material assumptions and limitations.

  • The interest being valued and the financial assumptions supporting the conclusion.
  • The principal value drivers, sensitivities and unresolved information gaps.
  • The effect of funding, shareholder rights and cross-border cash movements on the investor.
  • The circumstances in which the valuation conclusion would materially change.

Review our experience and credentials, analytical methodology and engagement standards.