DEG is second reference investor in Helios Towers’ fund-raising
Jeune Afrique Business+ reveals the details.
07/07/2020 at 16h43, by Valentin Grille
Emerging Africa Infrastructure Fund (EAIF), managed by British firm Ninety One (ex-Investec Asset Management), was the deal’s other cornerstone investor. DEG, a subsidiary of KfW headed by Günther Bräunig, bought $25m of shares, while EAIF initially offered $60m before downgrading its offer to $30m, allowing the participation of other private investors.
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