SOUTH AFRICA – Infra Impact Mid-Market Infrastructure Fund 1, managed by Infra Impact Investment Managers, has acquired a significant minority stake in Cybersmart, a South African Internet Service Provider and Fibre Network Owner.
The additional capital injection, provided by bringing Infra Impact on board, will enable Cybersmart to ensure that their brand of pristine quality, appropriately priced and reliable connectivity solutions will continue and reach more South Africans.
Its client base is diversified, including blue-chip corporations, small and medium-sized businesses, educational institutions, and home users.
“Cybersmart has been a key player in the Telecommunications Sector in South Africa and the funding secured in this deal will allow us to continue as one of the leading providers of infrastructure delivery across South Africa,” said Greg Sandler, Chief Commercial Officer of Cybersmart.
The core focus of Infra Impact is on providing growth capital for South African Infrastructure businesses, to deliver essential services that cater towards building sustainable infrastructure for the future.
“We believe that Cybersmart, with its talented senior leadership team, is poised for the next level of success,” said Mark Van Wyk, co-managing partner of Infra Impact Investment Managers.
“We are delighted to join the Cybersmart team as its new capital partner and we look forward to applying our resources to support the company and its continued growth.”
The South African Telecommunications Sector and, in particular, the Fibre Network Owner environment, made the investment into Cybersmart a logical step in the realization of the Funds’ objectives.
“We have always had a clear vision, to deliver the best possible Fibre Solutions to each potential customer, ensuring we meet their specific needs. With this new partnership in place, we are excited to begin the work of realizing this vision and building further on our solid base,” he added.
The continued growth of this sector, as well as the long-term outlook on the deployment of connectivity for all, presented a clear and attractive opportunity for investment.