CAURIS CROISSANCE COMES OUT OF MTN COTE D’ IVOIRE (MTN-CI)

Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund management company, confirmed the exit of its investment in MTN-CI (MTC-CI Equity Sale). The investment was carried out in 2009 via PCI, an investment holding company domiciled in Mauritius. The investment generated a cumulative return on investment of more than 2.5 times the initial amount invested.

MTN-CI presentation

MTN-CI is a subsidiary of the South African operator MTN and provides mobile, fixed-line and Internet services to more than 6.5 million subscribers.

Perception of Cauris Management following this exit from MTN-CI’s investment in MTN-CI

Noël Eklo, CEO of Cauris Management commented:”We remain confident about the future and potential of MTN-CI and the company should continue to grow for the benefit of all stakeholders. MTN-CI will continue to invest in maintaining a reliable and high quality network for subscribers.