CIVHacquiresVumatel

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