IHS Africa valued at fourteen times EBITDA, according to latest equity finance deal
TowerXchange is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

IHS Africa valued at fourteen times EBITDA, according to latest equity finance deal

africa-me-news.png

In order to finance their deals in Cameroon and Cote d’Ivoire, and development in Nigeria, IHS Africa has announced the sale of 25% equity for $125m to European investment firm Wendel and its subsidiary Oranje-Nassau. This continues IHS’s efforts to raise US$400m to finance their ongoing African business development.

Wendel becomes IHS Africa’s largest shareholder. Other shareholders include infrastructure services company UBC, the founder and main promoter of IHS, and existing first tier shareholders IFC, Investec AM, FMO, ECP and Skye Bank. Management currently hold 10% of the equity in IHS

IHS Africa overview

  • Operations in Nigeria, Ghana, Sudan and South Sudan

  • Services across full tower value chain: managed services, deployment and site ownership

  • 99.9%


UNLOCK THIS ARTICLE

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Subscribe Login
Gift this article