M&A Deal Summary

Zain Group Acquires IHS Kuwait

On December 2, 2024, Zain Group acquired infrastructure company IHS Kuwait from IHS for 230M USD

Acquisition Highlights
  • This is Zain Group’s 1st transaction in the Infrastructure sector.
  • This is Zain Group’s largest (disclosed) transaction.
  • This is Zain Group’s 1st transaction in United Arab Emirates.

M&A Deal Summary
Date 2024-12-02
Target IHS Kuwait
Sector Infrastructure
Buyer(s) Zain Group
Sellers(s) IHS
Deal Type Divestiture
Deal Value 230M USD

Target

IHS Kuwait

Kuwait, United Arab Emirates
IHS Kuwait provides independent tower infrastructure services. IHS Kuwait manages approximate 1,675 sites and an additional approximately 700 sites. IHS Kuwait was formed in 2020 and is based in Kuwait, United Arab Emirates.

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Buyer(S) 1

Buyer

Zain Group

Kuwait, United Arab Emirates
Category Company
Founded 1983
Sector Communications
DESCRIPTION

Zain Group is a provider of innovative technologies and digital lifestyle communications operating in eight markets across the Middle East and Africa. Zain Group was founded in 1983 and is based in Kuwait, Unite Arab Emirates.

DEAL STATS #
Overall 1 of 1
Sector (Infrastructure) 1 of 1
Type (Divestiture) 1 of 1
Country (United Arab Emirates) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

IHS

London, United Kingdom
Category Company
Founded 2001
Sector Communications
Employees2,988
Revenue 2.1B USD (2023)
DESCRIPTION

IHS is one of the largest independent owners, operators, and developers of shared telecommunications infrastructure in the world. IHS provides mission-critical telecommunications infrastructure to customers, most of who are leading MNOs, who in turn provide wireless voice and data services to their end-users. IHS was founded in 2001 and is based in London, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Infrastructure) 1 of 1
Type (Divestiture) 1 of 1
Country (United Arab Emirates) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 SP5

São Paulo, Brazil

SP5 comprises 2,115 towers that represents the culmination of strategy to create an important infrastructure business focusing on historically underserved regions of Brazil.

Buy $315M
Mergr

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