12 December 2018
Clifford Chance advises CDC Group on its US$180m equity investment in Liquid Telecom
International law firm Clifford Chance is advising CDC Group, the UK's development finance institution, on its proposed US$180 million equity investment in Liquid Telecom, the largest independent fibre and cloud computing provider in Africa.
The transaction will be CDC's first direct investment in an African telecoms company in over twenty years and one of the largest equity investments CDC has made since its establishment in 1948. As the demand for data in the continent continues to grow rapidly, CDC's investment is set to help improve digital infrastructure and access to quality internet in Africa.
The Clifford Chance team advising CDC is led by Simon Tinkler, Partner, and Jennifer Mbaluto, Senior Associate and Co-Head of East Africa, with the support of Nigel Wellings, Partner and Joint Head of Corporate, London, Senior Associate Danny Mutisya and lawyer Hannah Cordwell.