Convergence Partners  |
| FUND MANAGER DETAILS |
| Year Fund Started | 2006 |
| Type of Fund Manager | Independent |
| Regulatory License Number | 44602 |
| Total Number of Investments to Date | 22 |
| Number of Investment Executives | 9 |
| Principal Office Address | 3rd Floor, 30 Jellicoe Ave., Rosebank, 2196, Johannesburg |
| Key Contact Person and Designation | Yolande Tabo , Craig Beney |
| BEE Ownership | |
| Company Description | Convergence Partners is a pan-African ICT–focused private equity player, delivering enhanced investment returns while underpinning Continental development. Convergence® has a proven track record of developing new investment opportunities as well as actively adding value to investments across the lifecycle of ICT assets. As impact investors, Convergence® brings its skills, experience and capital to accelerate ICT infrastructure development on the Continent, focusing on initiatives that increase availability of communications, broadband services and new technology offerings to the people of Africa |
| Telephone | +27 (0)11 550 5320 |
| E-mail | info@convergencepartners.com |
| Website | www.convergencepartners.com |
| FUND DETAILS |
| Name of Fund | Convergence Partners Communications Infrastructure Fund (CPCIF) |
| Committed Capital of Fund | US$186.5 million |
| Fund Structure | Third party equity fund |
| Nature of Fund | Growth capital for ICT infrastructure related opportunities in Africa |
| Number of Portfolio Companies | 6 |
| INVESTMENT PREFERENCES |
| Minimum Investment | US$5 million |
| Maximum Investment | US$30 million |
| Average Current Investment Size | not disclosed |
| Industry Preference | - Logistics & Packaging
- Telecommunications
|
| Industry Excluded | |
| Investment Stage Preference | |
| Investment Stage Excluded | |
| Minimum and Maximum Equity Usually Taken | 20% to 75% |
| Geographical Preferences | |