FTI Capital Advisors Facilitates CSquared’s Equity Raise to Drive Digital Transformation Across Africa

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).

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 8,000 employees located in 31 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $3.03 billion in revenues during fiscal year 2022. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.

FTI Consulting, Inc. 
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Investor Contact: Mollie Hawkes
+1.617.747.1791
mollie.hawkes@fticonsulting.com

Media Contact: Helen Obi
+44 20 7632 5071
helen.obi@fticonsulting.com

Source: FTI Consulting, Inc.