Helios eyes majority in Telecom Egypt’s data center unit: Africa-focused and London-based PE outfit Helios Investment Partners has secured preliminary approval from Telecom Egypt’s board to acquire between 75% and 80% of a subsidiary that will own the telco’s Regional Data Hub (RDH), according to a press release (pdf). The vehicle, which will consolidate RDH’s assets through a restructuring, will focus on developing the domestic data centers scene.

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About the bid: The binding offer values RDH at USD 230 mn for 100% of the equity, with the figure potentially rising to USD 260 mn depending on pre-agreed performance metrics. The move is still subject to regulatory approval and customary closing conditions.

Helios Investment Partners has been building up to a bigger Egypt play since last year, when it bought 49% of Raya Foods for USD 40 mn. The PE firm flagged plans to channel as much as USD 250 mn into Egyptian acquisitions across a range of sectors, including fintech, digital infrastructure, and consumer goods.

ADVISORS- Our friends at EFG Hermes are acting as sole M&A financial advisor on the transaction. Adsero-Ragy Soliman & Partners and A&O Shearman are providing legal counsel.

IN CONTEXT- Egypt is emerging as a key African data center market, alongside Kenya, Nigeria, and South Africa. The country’s location, digital initiatives, and connectivity upgrades are drawing investors, with demand for cloud services supporting its role as a hub for locally hosted content.

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