FTI Consulting, Inc. (NYSE: FCN) announced today that FTI Capital Advisors DIFC Limited, the Dubai office of its wholly owned investment banking subsidiary, FTI Capital Advisors (“FTICA”), acted as financial advisor to CSquared in the capital raise and simultaneous acquisition of a stake in CSquared Link Holdings (Mauritius) Limited held by Google LLC. The company successfully secured new equity from CPDIF, IFC - International Finance Corporation and the International Development Association’s Private Sector Window Blended Finance Facility. It is the first tranche of an investment programme designed to finance CSquared’s expansion and growth.
CSquared is a pan-African technology firm dedicated to digitally connecting Africa through strategic investments in telecommunications infrastructure. The transaction will fund the company’s network expansion and further its digital infrastructure developments across the region.
Fede Membrillera, Global Co-Leader of FTI Capital Advisors and Global Leader of FTICA’s Telecom, Media & Technology practice, commented, “CSquared’s networks and digital infrastructure across the continent continue to go from strength to strength. We are pleased to have supported them in raising equity to advance their mission of building a digitally connected Africa.”
Sourced from FTI Consulting