Metier, a leading South African private equity fund manager, invested into Africa Mobile Networks Ltd (AMN). AMN builds, owns, operates and maintains mobile network infrastructure in Africa, delivering services for the biggest Mobile Network Operators across the continent.
Metier led a consortium of investors including CDC Group (the UK’s development finance institution and impact investor), DEG (Germany’s development finance institution), Proparco (the private sector arm of the French Development Agency), Mauritius Commercial Bank’s Equity division and other leading financial institutions and investment managers.
The investment by Metier will be used to fund AMN’s business from the current level of 2,000 towers across 10 countries to over 10,000 towers across more than 18 countries by the end of 2025.
AMN is currently the 5th-largest independent tower company operating in Africa, and growing rapidly. It provides a full turnkey NaaS (“Network as a Service”) approach to enable mobile network operators in sub-Saharan Africa to expand their coverage deep into rural areas – with no capital expenditure or operating equipment risk borne by the mobile operators in these remote locations.
Charles Russell Speechlys team, led by Corporate Partner Adrian Mayer (Picture) and Corporate Senior Associate Matt Hobbs, and also included James Le Seelleur (Corporate), Megan Paul, Tanya Wilkie (Telecoms/Commercial), Naomi Nettleton (Real Estate), Syma Spanjers (Employment), and Thibaut Caharel and Stephanie Louiset (Paris office).
Involved fees earner: Thibaut Caharel – Charles Russell Speechlys; Matthew Hobbs – Charles Russell Speechlys; James Le Seelleur – Charles Russell Speechlys; Stéphanie Louiset – Charles Russell Speechlys; Adrian Mayer – Charles Russell Speechlys; Naomi Nettleton – Charles Russell Speechlys; Megan Paul – Charles Russell Speechlys; Syma Spanjers – Charles Russell Speechlys; Tanya Wilkie – Charles Russell Speechlys;
Law Firms: Charles Russell Speechlys;
Clients: Metier Holding AS;