IHS Raises $490 Million for Africa Towers as Goldman Buys
IHS Holding Ltd. (IHS), Africa’s largest independent telecommunications infrastructure company by number of towers managed, said it raised $490 million in equity and debt from investors including Goldman Sachs Group Inc. (GS) to fund acquisitions and investments.
IHS received $420 million in equity and $70 million in debt from existing shareholders as well as Goldman Sachs, the IFC Global Infrastructure Fund and African Infrastructure Investment Managers, according to an e-mailed statement today. The Nigerian company has raised more than $1.5 billion in capital over the last 12 months, it said.
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