Amethis, AfricInvest, others in telecom infrastructure deal
A consortium of investors including Amethis, AfricInvest, Proparco and the IFC has acquired a majority stake in Netis, a pan-African telecommunication infrastructure service provider.
For the best experience and to access our Connect industry chat platform, download the Africa Private Equity News app: Android | iOS
A consortium of investors including Amethis, AfricInvest, Proparco and the International Finance Corporation (IFC) has acquired a majority stake in Netis, a pan-African telecommunication infrastructure service provider.
Founded in 2009, Netis is a major pan-African telecom infrastructure service provider, operating in more than 15 countries and offering a comprehensive range of services – telecom tower maintenance and infrastructure, fibre optics deployment and connection, supply and installation of power and energy saving solutions – to a diverse range of clients including mobile network operators, telecom tower companies, fibre optics players, and original equipment manufacturers.
Adnane Zerhouni, partner at Amethis said, “Netis is a leading African digital infrastructure services company, and it contributes to the digital development on the continent. We have put in place a strong consortium of investors that will support the management’s ambitious growth strategy. Increased digital connectivity is critical for the continent’s development and we aim to bring our humble contribution to this objective.”
Khalil Lakhoua, partner and deputy CIO at AfricInvest said, “We are excited to partner with such an experienced management team with a proven track record and solid organisational framework which is well-equipped to manage a multi-country and multi-business line company. Accompanying Netis as it further expands its offer of services, and grows geographic reach on the continent, AfricInvest looks forward to contributing to the exciting future of this leading company.”
The consortium deal teams included Adnane Zerhouni, Omar Naciri and Hicham El Ammari representing Amethis; Khalil Lakhoua, Mohammed Sebti and Hedi Dziri representing AfricInvest; Damien Braud, Tibor Asboth, Claire Devey and Marie-Pauline Piquet Gauthier representing Proparco; and Christine Kapkusum, Bong Chul Kim and Christian Mulamula representing IFC. The consortium was advised by Asafo&Co (legal advisor), Deloitte (financial and tax advisor), IBIS Consulting (ESG and impact), and various other consultants on commercial and technical matters.
* Subscribe to Africa Private Equity News’ monthly Dealmaker’s Log for a database of the reported investment deals, exits and fundraising closes. Click here for more information.