Helios Towers Africa Ltd (IFC-34963)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 19, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Helios Towers Africa Limited
The holder of the loan, grant, or other investment.
Sectors
  • Communications
  • Construction
  • Finance
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 110.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 450.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 11, 2017

Disclosed by Bank Apr 4, 2014


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Project Description
This project finances an equity investment in Helios Towers Africa Limited which acquires, builds and operates telecommunications towers in Sub-Saharan Africa (excluding Nigeria) in order to help further its expansion in existing and new markets in the region.
Investment Description
  • International Finance Corporation (IFC)
IFC intends to provide up to US$35 million in the form of equity for its own account. In addition, the IFC African, Latin American and Caribbean Fund, managed by the IFC Asset Management Company, is considering an up to US$75 million equity investment in Helios Towers Africa Limited. Helios Towers Africa Limited is a Mauritian registered entity established to hold ownership interests in operating subsidiaries across Africa. The company’s sponsors are Helios Investment Partners, Soros Fund Management, Rothschild Investment Trust, and Albright Capital Management. Helios Investment Partners is invested through its Helios Investors II L.P. fund in which IFC has also invested. Helios Investment Partners is a private equity investment firm that is focused on Sub-Saharan Africa. The firm was founded and is managed by African nationals, formerly Principals of Texas Pacific Group. Helios Investment Partner’s investment approach combines private equity skills with hands-on operational involvement in portfolio companies.
Contact Information
Helios Towers Africa LLP 4th Floor | 190-192 Sloane Street London SW1X 9QX United Kingdom Tel +44 207 871 3670 Email: mailto:info@heliostowersafrica.com ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/