Africa50 Invests in Raya Data Centre for USD 15 Million
Deal News | Dec 24, 2024 | Legal Community MENA
Helmy Hamza & Partners, the Cairo office of Baker McKenzie, is serving as the sell-side legal advisor for Raya Holding and its subsidiary Raya Data Centre (RDC) in a USD 15 million investment from Africa50. This significant investment, which awaits regulatory approval, is set to enhance RDC's existing operations and to fund the development of a greenfield tier III data center within Egypt. The investment aligns with Africa50's strategic interests in supporting infrastructure development in Africa, particularly within the technology and data management sectors. Raya Holding, a prominent figure in the technology and data sectors in the region, aims to leverage this investment to strengthen its market position and expand its data center capabilities significantly.
Sectors
- Legal Advisory
- Data Centers & IT Infrastructure
- Investment & Private Equity
Geography
- Egypt – The investment is directed towards the development of a data center in Egypt, underlining the country's strategic location for data infrastructure in Africa.
- Africa – Africa50's involvement points to a broader regional strategy of strengthening infrastructure across the African continent.
Industry
- Legal Advisory – Helmy Hamza & Partners at Baker McKenzie acts as the legal advisor in this transaction, indicating a significant involvement of legal firms in investment deals.
- Data Centers & IT Infrastructure – The article discusses an investment in Raya Data Centre for the development of a new data center in Egypt, highlighting the infrastructure sector's growth and investment potential in the region.
- Investment & Private Equity – Africa50's investment in Raya Data Centre showcases the role of private equity in facilitating infrastructure development, particularly within emerging markets.
Financials
- USD 15 million – The investment amount from Africa50 into Raya Data Centre.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Raya Holding | Selling Company | Company | A major player in the technology and data sectors in Egypt, selling a share of its subsidiary, Raya Data Centre. |
| Raya Data Centre (RDC) | Target Company | Company | The subsidiary of Raya Holding receiving investment for its data center operations. |
| Africa50 | Bidding Company/Investor | Company | An investment platform that focuses on infrastructure development in Africa. |
| Baker McKenzie | Legal Advisor | Company | A global law firm advising on the legal aspects of the transaction. |