Dubai, 17 November 2023 — FTI Consulting, Inc. (NYSE: FCN) announced today that FTI Capital Advisors DIFC Limited, the Dubai office of its wholly owned investment banking subsidiary, FTI Capital Advisors (“FTICA”), acted as financial advisor to CSquared in the capital raise and simultaneous acquisition of a stake in CSquared Link Holdings (Mauritius) Limited held by Google LLC. The company successfully secured US$25 million in new equity from CPDIF, IFC – International Finance Corporation and the International Development Association’s Private Sector Window Blended Finance Facility. It is the first tranche of a US$65 million investment programme designed to finance CSquared’s expansion and growth.
CSquared is a pan-African technology firm dedicated to digitally connecting Africa through strategic investments in telecommunications infrastructure. The transaction will fund the company’s network expansion and further its digital infrastructure developments across the region.
Fede Membrillera, Global Co-Leader of FTI Capital Advisors and Global Leader of FTICA’s Telecom, Media & Technology practice, commented, “CSquared’s networks and digital infrastructure across the continent continue to go from strength to strength. We are pleased to have supported them in raising equity to advance their mission of building a digitally connected Africa.”
About FTI Capital Advisors, LLC
FTI Capital Advisors (“FTICA”) is a global boutique investment bank with 11 offices worldwide, focused on M&A, equity and debt raising and independent financial advisory, across targeted industry sectors – including Telecom Media and Technology, as well as in the energy, healthcare and industrial sectors. Backed by the power of FTI Consulting’s worldwide network of professionals, FTICA combines deep industry expertise with investment banking and transaction execution experience to deliver value-enhancing outcomes for our clients. FTI Capital Advisors DIFC Limited is licensed with the DFSA in Dubai, license # F005909. FTI Capital Advisors globally is the wholly owned investment banking subsidiary of FTI Consulting, Inc. (NYSE: FCN).
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Source: FTI Consulting, Inc.