LONDON—Helios Investment Partners, the leading Africa-focused private investment firm, announced the preliminary approval, by the board of Telecom Egypt, of Helios’ binding offer to acquire a stake ranging from approximately 75% to 80% in a subsidiary that will own the Regional Data Hub data centre assets of Telecom Egypt. Covington advised Helios on the transaction.
The offer values 100% of the Regional Data Hub on a debt-free, cash-free basis at USD 230 million, which could reach USD 260 million subject to the achievement of certain KPIs.
The Regional Data Hub is a multi-phase data centre campus in Cairo. The first phase was launched in 2021 and provides approximately 2.5 MW of IT load; it reached full utilization within a year, and achieved multiple Uptime Institute Tier III certifications. RDH2 is designed for approximately 4.6 MW, received Uptime Institute Tier III Design Certification in November 2024, and is registered for the Leadership in Energy and Environmental Design (LEED) programme.
Established in 2004, Helios Investment Partners is the largest Africa-focused private investment firm, with a record that spans creating start-ups to providing expanding companies with growth capital and expertise. The firm is led and managed by a predominantly African team based in London, Paris, Lagos and Nairobi.
The Covington team was led by Mark Thompson and included Jade Williams-Adedeji, Marc Norman, Lennard Ong, and Edoardo Russo. Covington worked with Matouk Bassiouny as Egyptian counsel.
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