RMB enabled Community Investment Ventures Holdings Limited (CIVH) to acquire Vumatel to provide 25 000km of open-access broadband to South Africans businesses and households.
The challenge
CIVH works toward servicing the online accessibility needs of South African consumers. The answer to the need for a cost-effective solution, which would include greater quality of service, speed, and convenience in terms of internet access, is fibre.
The RMB Solution
In this landmark deal, RMB provided an end-to-end solution to enable CIVH’s acquisition of Vumatel. This bespoke equity underwrite solution included M&A advisory, bridge funding and term funding – the first of its kind on a major transaction in South Africa.
Client Benefits
With the acquisition of Vumatel, CIVH now has the capability to complete the last mile, and take fibre into homes and offices. Vumatel’s fibre network spans over 8 000 kilometres, over a residential footprint, which it leases to Internet Service Providers, who in turn sell connectivity bundles to the consumer.
| Client | Community Investment Ventures Holdings (CIVH) |
|---|---|
| Sector | Telecommunication and Technology |
| Expertise | Corporate finance advisory and funding |
| Capabilities | M&A advisory, bridge funding, term funding |
| RMB's Role | Joint transaction advisers, sole capital structure adviser, debt funder |