Investment Summary

Convergence Partners Invests In CSquared

On May 16, 2017, private equity firm Convergence Partners invested in communications company CSquared

Investment Highlights
  • This is Convergence Partners’ 3rd transaction in the Communications sector.
  • This is Convergence Partners’ 1st transaction in Kenya.

Investment Summary
Date 2017-05-16
Target CSquared
Sector Communications
Investor(s) Convergence Partners
Deal Type Venture

Target

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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Investor(S) 1

Investor

Convergence Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Focused
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 6 of 10
Sector (Communications) 3 of 3
Type (Venture) 4 of 5
Country (Kenya) 1 of 1
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 ESET

Bratislava, Slovakia

ESET is a provider of security solutions for the home and business segment. With solutions ranging from endpoint and mobile security to encryption and two-factor authentication, ESET’s high-performing, easy-to-use products give consumers and businesses the peace of mind to enjoy the full potential of their technology. ESET was launched in 1992 and is based in Bratislava, Slovak Republic.

Buy -
Mergr

Product

Company

Legal