Affirma Capital exits investment in Africa’s Eaton Towers

AFRICA – Affirma Capital, a Singapore-headquartered private equity firm, has exited its investment in African telecom tower company Eaton Towers. The exit was conducted as part of a 100% trade sale of Eaton Towers to the listed American Tower Corporation. The transaction, which was signed in May 2019, valued Eaton Towers at around US$1.85 billion. The valuation of Affirma Capital’s ownership was not announced. “Since the inception of the Africa business in 2008, the team has realized five full exits returning over US$350 million of capital to our investors,” said…

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