How to raise capital for tower transactions
Rapid fire Q&A with Daniel Lee, the rainmaker of emerging market towers
Daniel Lee, the ‘rainmaker’ of emerging market towers, helped Africa’s private equity backed towercos raise their early rounds of capital. He also led the sale of the vast majority of tower transactions in Africa to date, advising mobile operators such as MTN, Millicom and Cell C, whilst working at Citi, whom he left last year to form Intrepid Advisory Partners - an independent advisory firm focused on the tower industry. Daniel has recently been appointed Chairman of the TowerXchange “Inner Circle” network of advisers.
TowerXchange: How would you characterise investors’ appetite for emerging market towers now compared to five years ago?
Daniel Lee, Managing Director, Intrepid Advisory Partners:
Investor appetite has increased significantly.