Actis to acquire Octotel and RSAWeb from Caxton and Pembani Remgro for $140m.

Actis, an investor in growth markets across Africa, Asia and Latin America, agreed to acquire Octotel, a fibre-to-the-home operator in South Africa, and RSAWeb, a South African internet service provider, from Caxton, one of publishers and printers of books, magazines, newspapers and commercial print in South Africa, and Pembani Remgro Infrastructure Fund, a fund focused on making late-stage greenfield and brownfield infrastructure investments in Africa, for $140m. The transactions are subject to regulatory approval. “Octotel and RSAWEB are the latest Actis investments into the high growth Digital Infrastructure sector. We have a growing portfolio of data centre investments and are delighted to now be making our first investment in the fibre sector. Rob and Mark are industry pioneers in South Africa and together with their institutional backers have created highly successful businesses in Octotel and RSAWEB. The investment opportunity is driven by the demand for reliable, high quality, high speed digital access in the home. We see first-hand the impact that affordable connectivity has in communities in South Africa for work, entertainment and education,” David Cooke, Actis Partner.