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Vantage Secures $71.7M Debt Investment in Camusat to Boost Telecom Services

Vantage Capital, a leading fund manager founded by South African businessman Colin Rezek, has landed a €66 million ($71.7 million) mezzanine debt investment in Camusat Holding, a major telecommunications company.

This cash will help to refinance current loans and provide capital for the expansion of Camusat’s AktivCo branch. It is part of a larger funding operation worth €81 million ($88 million), carried out in partnership with Eurazeo, a renowned European investment firm.

The announcement follows Vantage Capital’s recent €14 million ($15.2 million) mezzanine investment in Société de Production Maraîchère Samir S.A. (“SPMS”) to support investment efforts.

Vantage Capital’s investment in Camusat is the 39th commitment across four fund generations, with a portfolio spanning eleven African countries. Clifford Chance provided legal assistance for Vantage in Morocco, and KPMG and Webber Wentzel served as tax advisors.

Emerton offered commercial guidance, while Ibis Consulting carried out an environmental impact evaluation. Camusat obtained legal and financial advice from Goodwin Procter and Marlborough Partners, both based in France.

Richard Thomas, CEO of Camusat, expressed enthusiasm for the collaboration, saying, “We’re excited to partner with Vantage Capital at a time of strong growth in Africa.” Their network and experience will be extremely useful in attaining our objectives.”

Vantage Capital’s Executive Chairman, Luc Albinski, said, “We are proud to partner with Camusat, whose leadership and commitment to expanding connectivity in underdeveloped African regions have been impressive.”

Driss Benabdeslam, Partner at Vantage Capital, stressed the significance of investing in Camusat, saying, “Investing in Camusat supports a vital, dynamic industry focused on operational excellence.”

Vantage Capital, founded in 2001 and headquartered in Johannesburg, invests in private equity, infrastructure, and subordinated debt in Sub-Saharan Africa.

Vantage Capital, led by Colin Rezek, has become a leader in mezzanine finance. The company closed its fourth fund in 2023 with $377 million in commitments from investors including US and European commercial entities and development finance institutions.

This highlights Vantage Capital’s critical role in boosting Africa’s long-term economic growth and innovation.

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