Capital Group Private Markets, DPI, Ethos Private Equity Back Eaton Towers (Sub-Saharan Africa)
Source: Tech Central | Author(s): Duncan McLeod
Africa-focused telecom tower company Eaton Towers has raised US$350 million in a new round of funding. Participants in the round included existing shareholders Capital Group Private Markets, a global private equity investor, and pan-African private equity firm Development Partners International (DPI), as well as new investors Ethos Private Equity, a South Africa-focused fund manager, and emerging markets investor Standard Chartered Private Equity. Eaton Towers will use the new investment to finance expansion and acquisitions across Africa.