IHS Holding, a Nigeria-based pan-African telecommunications infrastructure company, has secured US$420 million in equity and US$70 million in debt in its latest financing round. Investors include existing shareholders pan-African fund manager Emerging Capital Partners, International Finance Corporation and Euronext Paris-listed telecom company Wendel. Also participating in the transaction were new investors: the IFC Global Infrastructure Fund (managed by IFC Asset Management Company), Goldman Sachs, and African Infrastructure Investment Managers (a joint venture between Macquarie Group and Old Mutual Investment Group). Senior debt is being provided by Standard Chartered Bank. This funding round, which will be used for acquisitions and investment in new telecommunications infrastructure, brings the total amount raised by IHS over the last 12 months to more than US$1.5 billion.