M&A Deal Summary

Africinvest and International Finance Acquire Netis

On November 29, 2023, growth capital firm Africinvest and International Finance acquired infrastructure company Netis

Acquisition Highlights
  • This is Africinvest’s 1st and International Finance’s 1st transaction in the Infrastructure sector.
  • This is Africinvest’s 6th and International Finance’s 1st transaction in Morocco.

M&A Deal Summary

Date 2023-11-29
Target Netis
Sector Infrastructure
Buyer(s) Africinvest
International Finance
Deal Type Buyout (LBO, MBO, MBI)

Target

Netis

Casablanca, Morocco
Netis is a telecommunication and energy infrastructure service provider that offers a wide array of services such as telecom tower infrastructure, fiber optics deployment, and energy-saving solutions. Netis is based in Casablanca, Morocco.

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Buyer(S) 2

Buyer

Africinvest

Tunis, Tunisia

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1994
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Africinvest is a private equity firm focused on growth investments in African companies. The Firm generally targets minority investments in small to medium-sized companies, but Africinvest will consider select majority situations. Africinvest does not have any sector preferences and looks to hold for 4 to 6 years. Africinvest was formed in 1994 and is headquartered in Tunis, Tunisia.


DEAL STATS #
Overall 57 of 57
Sector: Infrastructure M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 10
Country: Morocco M&A 6 of 6
Year: 2023 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-16 Ison Xperiences

Nairobi, Kenya

iSON Xperiences provides a flexible enablement platform for businesses that need help scaling up their workforce, daily business operations, or debt collection solutions, or that want to expand their footprint in Africa. The company's expertise spans telecoms, BFSi, energy, media, government, retail, aviation, and e-commerce, partnering with brands and startups. Ison Xperiences was founded in 2011 and is based in Nairobi, Kenya.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-19 EFC Uganda

Kamwokya, Uganda

EFC Uganda is a microfinance institution in Uganda. EFC Uganda is driven by its mission of offering financial services to MSMEs on a permanent and sustainable basis while contributing to wealth creation and poverty reduction. EFC Uganda was founded in 2011 and is based in Kamwokya, Uganda.

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Buyer

International Finance

Washington, District of Columbia, United States

Category Company
Sector Financial Services
DESCRIPTION

International Finance Corp. is a sister organization of the World Bank and a member of the World Bank Group—is a global development institution focused on the private sector in developing countries. International Finance is based in Washington, District of Columbia.


DEAL STATS #
Overall 8 of 8
Sector: Infrastructure M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: Morocco M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-22 Doverie

Sofia, Bulgaria

Doverie is a pension fund that manages five pension funds, which are separate legal entities: General Pension Fund Doverie (GPF), Fund for Life-long Pension Payments Doverie (FLPP), Fund for Deferred Payments Doverie (FDP), Professional Pension Fund Doverie (PPF), and Voluntary Pension Fund Doverie (VPF). Doverie is based in Sofia, Bulgaria.

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