Investec announces follow-on investment in IHS Towers

31 Jul 2015

July, 31st 2015: Investec Asset Management has made a further private equity investment in IHS Towers (“IHS”), the largest African mobile telecommunications infrastructure provider. Investec Asset Management made the first private equity investment in IHS Towers in mid-2011. IHS Towers is a telecommunications service provider, leasing space on towers to mobile network operators. Its growth over the last four years has been dramatic – from leasing space on approximately 300 towers in Nigeria in mid-2011 to now leasing space on over 23,000 towers in 5 African countries – Nigeria, Cameroon, Cote d’Ivoire, Zambia and Rwanda.

Investec Asset Management is proud to have supported the founders and management team in the development and growth of IHS and looks forward to continued involvement in the further development of the business. The latest equity funding round allows IHS to continue acquiring, building and integrating new towers whilst driving growth on the existing tower base. Investec Asset Management established an African private equity capability in 2008. The Private Equity strategy focuses on growth capital and buyout investments in established mid-market and larger companies in Africa, with the objective of supporting the creation of local or regional champions in their respective industries.

For more information, please see here.

« Back to Member News

RT @Africa_PE_News: "Seen from an Asian perspective, Africa’s demographic potential is unparalleled. However seizing the demographic divide…

RT @AfricaGlobFunds: Agri-Vie Fund II closes at $146m #agribusiness #food #funds #Africa #SouthAfrica #fundraising #privateequity @SAVCAsso…

RT @AfCDigest: AfricInvest ups its stake in Kenyan insurance group Britam. Now owns a little over 17% of the NSE-listed company. @AfricInve…

Congratulations to the new co-Chairs of @AVCA_Africa’s Legal and Regulatory Committee: Geoffrey Burgess, Partner,… https://t.co/LcdPWnfloh

RT @Africa_PE_News: QUOTE OF THE WEEK: "I believe that long-term financial sustainability is non-negotiable for any impact investment if w…

;