AIIM, SAHIF and STOA Acquire Additional 25.8% Stake in South Africa’s MetroFibre; Sanlam and African Rainbow Capital Exit
Source(s): AVCA
AIIM, alongside a consortium comprising South African Housing & Infrastructure Fund (SAHIF) and STOA, completed the acquisition of an additional 25.8% stake in MetroFibre Networx, a South Africa-based open access fiber network operator, from Sanlam Private Equity, African Rainbow Capital and a minority shareholder. The transaction follows the ZAR1.5b (~USD97m) investment completed by AIIM, SAHIF and STOA in December 2020. Read more