LHGP-managed FEI makes first transaction

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Lion’s Head Global Partners (LHGP) announced last week that the Facility for Energy Inclusion (or FEI) had executed its first transaction, acting as lead arranger for a €60 million multi-country facility in August for AktivCo SAS’s subsidiaries in several African countries. FEI is providing €27 million of the total facility, while DFIs Proparco and Norfund at providing  €16 million and €9 million respectively. The balance of €8 million is being provided by AfricaGoGreen.

The financing package is made up of a number of discrete facilities with individual tenors ranging between 6 years and 9 years in duration. The structure of the investment allows AktivCo to finance its individual African operating companies directly without needing a parent company guarantee. The deal, which was led for FEI by Orli Arav, offered AktivCo “…a solution which was not readily available in the market,” noted Clemens Calice, Co-CEO of FEI’s fund manager, LHGP. “This multicountry loan will allow AktivCo to achieve its growth target and provide clean energy to telecom towers located in some of the most remote areas in West Africa.”

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