Vantage Capital concludes a €66m deal with Camusat
Camusat is involved in the deployment and management of telecom infrastructure.
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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.
Camusat has established itself as the key strategic partner for telecom operators such as Orange, Moov Africa (Maroc Telecom group), MTN, Vodafone, Airtel and others.
Richard Thomas, CEO of Camusat, commented, “We are very pleased to have concluded the transaction with Vantage Capital. This financial and strategic partnership comes at a time when we are further expanding our presence in Africa, and we are confident that Vantage Capital’s extensive network and expertise on the continent will be a great support in achieving our objectives.”
Luc Albinski, executive chairman at Vantage Capital, added, “We are proud to partner with such a leading and dynamic group as Camusat. Throughout the process, we have been impressed by management’s deep knowledge of the telecom industry, but also their firm commitment to help increase connectivity in parts of Africa where network coverage remains underdeveloped.”
Vantage Capital received legal counsel from Clifford Chance in Morocco, with tax advice provided by KPMG in France and Webber Wentzel in South Africa. KPMG France also served as financial advisor, while Emerton offered commercial advice, and Ibis Consulting in France conducted the environmental impact review. Camusat was advised by Goodwin Procter in France, serving as legal counsel, and Marlborough Partners in France, which acted as financial advisor.
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