Five notable African ICT infrastructure deals
We highlight five African ICT infrastructure investments, as featured in our Dealmaker’s Log.
We highlight five African ICT infrastructure investments over the past 12 months, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. Admaius Capital Partners makes an investment in a Rwandan telecom towers operator
Admaius Capital Partners, an Africa focused private equity investor operating across several growth markets, announced its majority equity investment into TRES Infrastructure Limited, the only local licensed tower owner, operator, and developer of shared telecommunications infrastructure in Rwanda.
TRES’ tower infrastructure is used by the two local mobile network operators, MTN and AIRTEL, while also benefitting other local network service providers such as KT Rwanda Networks Ltd. Read the full article
2. South Africa: Mergence acquires Waterfall City digital infrastructure assets
Mergence Investment Managers, an infrastructure investment firm, has acquired a controlling stake in strategic digital infrastructure assets located within the residential precincts of Waterfall City, Gauteng.
The transaction, executed through the Mergence Infrastructure & Development Equity Fund II, marks a significant expansion of Mergence’s digital infrastructure platform. Read the full article
3. Infinite Partners acquires interests in three fibre network operators
Infinite Partners, a South African-based private equity fund manager, and the Public Investment Corporation have announced the acquisition of a strategic interest in three fibre network operators: Net Nine Nine, Evotel, and LinkLayer.
These businesses have now been consolidated into a single holding company, Fibre Holdco, dedicated to expand reliable and affordable fibre connectivity primarily to historically underserved communities, including townships and rural mining towns across South Africa. Read the full article
4. Vantage Capital concludes a €66m deal with Camusat
Africa-focused mezzanine fund manager Vantage Capital has closed a €66 million mezzanine investment in Camusat Holding, the proceeds of which will be used to refinance debt and fund the capital expenditure required for expansion of the group’s AktivCo division. The deal forms part of a broader €81 million financing package, arranged in partnership with European investment group Eurazeo.
Camusat is a telecommunications player involved in the deployment and management of telecom infrastructure. The group operates across 20 countries (including 15 on the African continent) and through two synergistic divisions, AktivCo and OpCo. Read the full article
5. Meridiam invests in township internet provider
Meridiam has acquired a majority stake in Ilitha, a telecommunications company providing affordable internet solutions to underserved areas in South Africa.
This investment, made through the Meridiam TURF B Fund, will enable Ilitha to accelerate its fibre rollout in South Africa’s township communities, with the ambition to connect more than half a million households. Read the full article