M&A Deal Summary

AXIAN Telecom Acquires Wananchi Group

On August 17, 2024, AXIAN Telecom acquired communications company Wananchi Group from Emerging Capital Partners

Acquisition Highlights
  • This is AXIAN Telecom’s 1st transaction in the Communications sector.
  • This is AXIAN Telecom’s 1st transaction in Kenya.

M&A Deal Summary

Date 2024-08-17
Target Wananchi Group
Sector Communications
Buyer(s) AXIAN Telecom
Sellers(s) Emerging Capital Partners
Deal Type Add-on Acquisition

Target

Wananchi Group

Naiobi, Kenya
Wananchi Group is a telecommunications company specializing in pay television and high-speed Internet services in Kenya and Tanzania. Wananchi's corporate division operates under the SimbaNET brand and provides of the Internet and virtual private network services to corporations, local governments, and non-governmental organizations in Kenya and Tanzania. Wananchi Group was founded in 2008 and is based in Naiobi, Kenya.

Search 214,744 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

AXIAN Telecom

Ebene, Mauritius

Category Company
Founded 2003
Sector Communications
DESCRIPTION

AXIAN Telecom is a telecommunications services and infrastructure company that offers mobile and fixed-network services, digital infrastructure, and mobile financial services across multiple African countries. AXIAN Telecom was founded in 2003 and is based in Ebene, Mauritius.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Kenya M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

Emerging Capital Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2000
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Emerging Capital Partners LLC (ECP) is a private equity firm that invests in diversified businesses across the Africa. ECP targets companies with proven operating models and strong market positions. Broad areas of interest include financial services, telecommunications, transport logistics, petrochemicals, natural resources, agribusiness, and utilities. Emerging Capital Partners was formed in 2000 and is based in Washington, DC. The Firm has additional offices in Paris, Abidjan, Casablanca, Douala, Johannesburg, Lagos, and Tunis.


DEAL STATS #
Overall 17 of 17
Sector: Communications M&A 5 of 5
Type: Add-on Acquisition M&A Deals 8 of 8
Country: Kenya M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-10 Oragroup

Lome, Togo

Oragroup is a regional commercial banking holding company with operations spanning six countries in West and Central Africa and total assets of more than €387 million. Oragroup was granted a license to open the first private-sector led banking unit in Benin. Oragroup was founded in 1988 and is based in Lome, Togo.

Sell -