M&A Deal Summary

Actis Capital Acquires Swiftnet

On March 22, 2024, private equity firm Actis Capital acquired communications company Swiftnet from Telkom for 355M USD

Acquisition Highlights
  • This is Actis Capital’s 8th transaction in the Communications sector.
  • This is Actis Capital’s 5th largest (disclosed) transaction.
  • This is Actis Capital’s 17th transaction in South Africa.

M&A Deal Summary
Date 2024-03-22
Target Swiftnet
Sector Communications
Buyer(s) Actis Capital
Sellers(s) Telkom
Deal Type Divestiture
Deal Value 355M USD

Target

Swiftnet

Centurion, South Africa
Swiftnet is a tower company that owns a portfolio of 6,200 communication towers catering to the telecommunications industry and offers assets (Towers, In-Building coverage Solutions, and Small Cells) to licensed operators to deliver connectivity. Swiftnet is based in Centurion, South Africa.

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Buyer(S) 1

Buyer

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London.

DEAL STATS #
Overall 143 of 144
Sector (Communications) 8 of 8
Type (Divestiture) 7 of 7
Country (South Africa) 17 of 17
Year (2024) 1 of 2
Size (of disclosed) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 BTE Renewables

Fourways, South Africa

BTE Renewables is a clean and renewable energy company develops, acquires, owns and operates waste to energy, renewable energy, and energy efficiency projects in the sub-utility range of approximately 5-100MW. These include Golden Valley, a 123MW wind project in the Eastern Cape; Excelsior, a 33MW wind project in the Western Cape; Aggeneys, a 46MW solar project in the Northern Cape; Konkoonsies II an 86MW solar project in the Northern Cape and a 4MW biogas facility. BTE Renewables was founded in 2003 and is based in Fourways, South Africa.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-27 Argo Energy

Gangnam-gu, South Korea

Argo Energy is a renewable energy platform focused on the development of small utility scale and rooftop solar. Argo Energy was founded in 2020 and is based in Gangnam-gu, South Korea.

Buy -

Seller(S) 1

SELLER

Telkom

Centurion, South Africa
Category Company
Founded 1991
Sector Communications
Employees11,788
Revenue 41.8B ZAR (2023)
DESCRIPTION

Telkom is a communications services provider. Telkom provides retail voice service and switched telephone network services. Telkom was founded in 1991 and is based in Centurion, South Africa.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (South Africa) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 Business Connexion Group

Midrand, South Africa

Business Connexion Group Ltd. is a provider of advanced information and communication technology (ICT) products, services and solutions.

Buy -
Mergr

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