Investment Summary

Convergence Partners Invests In Comsol

On June 30, 2016, private equity firm Convergence Partners invested in communications company Comsol

Investment Highlights
  • This is Convergence Partners’ 2nd transaction in the Communications sector.
  • This is Convergence Partners’ 3rd transaction in South Africa.

Investment Summary

Date 2016-06-30
Target Comsol
Sector Communications
Investor(s) Convergence Partners
Deal Type Venture

Target

Comsol

Midrand, South Africa
Comsol specialises in building customized terrestrial wireless access infrastructure for companies, government entities, and parastatals of all sizes, across all sectors. Comsol was established in 1997 and is based in Midrand, South Africa.

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Investor(S) 1

DESCRIPTION

Convergence Partners is an investment group focused on technology, media, and communications opportunities in Africa. The Firm looks to fund initiatives that increase the availability of communications, broadband services and new technology offerings to the people of Africa. Convergence Partners was formed in 2006 and is based in Johannesburg, South Africa.


DEAL STATS #
Overall 5 of 12
Sector: Communications M&A 2 of 3
Type: Venture M&A Deals 3 of 5
Country: South Africa M&A 3 of 4
Year: 2016 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Snapt

San Jose, California, United States

Snapt is a provider of future-proof load balancing and security solutions that are cloud-neutral and platform-agnostic. Snapt eliminates downtime and automatically scales your sites and applications to ensure maximum responsiveness. Snapt was founded in 2012 and is based in San Jose, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 CSquared

Nairobi, Kenya

CSquared is a provider of high-quality broadband at lower costs through shared infrastructure such as metro fiber and Wi-Fi networks. CSquared also offers wholesale last-mile Wi-Fi access. Internet Service Providers (ISPs) and Mobile Network Operators (MNOs) can leverage our network to bring high-quality Wi-Fi to homeowners, small businesses, and mobile users on the go. CSquared was founded in 2017 and is based in Nairobi, Kenya.

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