Sub Sahara M&A: opportunities for the bold

Sub Sahara M&A in 2014 is a microcosm of the global market, with activity dominated by large IOCs selling non-core positions to niche buyers – SWFs, small indigenous players, non-upstream players and financial institutions. But looking ahead, we see potential for a supply / demand imbalance. Although there are plenty of deals in the pipeline, ‘non-traditional’ buyers cannot continue to prop-up the M&A market indefinitely. Oil price weakness will only exacerbate the problem.