M&A Deal Summary

African Infrastructure Investment Managers Acquires Octotel

On March 25, 2024, infrastructure investor African Infrastructure Investment Managers acquired communications company Octotel from Actis Capital

Acquisition Highlights
  • This is African Infrastructure Investment Managers’ 2nd transaction in the Communications sector.
  • This is African Infrastructure Investment Managers’ 3rd transaction in South Africa.

M&A Deal Summary

Date 2024-03-25
Target Octotel
Sector Communications
Buyer(s) African Infrastructure Investment Managers
Sellers(s) Actis Capital
Deal Type Secondary Buyout

Target

Octotel

Cape Town, South Africa
Octotel is a fibre network operator focused on both Fibre To The Home (FTTH) and Business (FTTB). Octotel was founded in 2016 and is based in Cape Town, South Africa.

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Buyer(S) 1

DESCRIPTION

African Infrastructure Investment Managers is an infrastructure focused investment firm. The Firm seeks a variety of situations where it can improve local communities. Prospective assets exhibit high barriers to entry, predictable cash flows, and low demand elasticity. African Infrastructure Investment Managers is based in Cape Town, South Africa.


DEAL STATS #
Overall 11 of 12
Sector: Communications M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
Country: South Africa M&A 3 of 3
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 N+ONE Datacenters

Casablanca, Morocco

N+ONE Datacenters provides carrier-neutral data-center and cloud services offers colocation, managed hosting, private/hybrid cloud infrastructure, turnkey data-centre builds, business-continuity solutions and managed connectivity/security services for enterprises of varying sizes. N+ONE Datacenters was founded in 2008 and is based in Casablanca, Morocco.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-01 Bulkstream

Shimanzi, Kenya

Bulkstream is a logistics and port-services company that handles dry and liquid bulk commodities such as grains, edible oils, fertilizer, clinker providing vessel discharge, storage, inland transport (rail/road), and warehousing for clients across East Africa. Bulkstream is based in Mombasa, Kenya.

Buy -

Seller(S) 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B 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, United Kingdom.


DEAL STATS #
Overall 88 of 92
Sector: Communications M&A 5 of 6
Type: Secondary Buyout M&A Deals 16 of 17
Country: South Africa M&A 12 of 12
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-22 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.

Buy $355M
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 -