Infra Impact Investment Managers Acquires A Significant Minority Stake In Cybersmart
Infra Impact Investment Managers Acquires A Significant Minority Stake In Cybersmart. Cybersmart Proprietary Limited is thrilled to announce that Infra Impact Mid-Market Infrastructure Fund 1, managed by Infra Impact Investment Managers Proprietary Limited, has acquired a significant minority stake in Cybersmart.
“We believe that Cybersmart, with its talented senior leadership team, is poised for the next level of success,” said Mark Van Wyk, co-managing partner of Infra Impact Investment Managers. “We are delighted to join the Cybersmart team as its new capital partner and we look forward to applying our resources to support the company and its continued growth.” With over 22 years in the business, Cybersmart is a leading contributor in South Africa’s Telecommunications sector as an Internet Service Provider and Fibre Network Owner. Its client base is diversified, including blue-chip corporations, small and medium-sized businesses, educational institutions, and home users.
“Cybersmart has been a key player in the Telecommunications Sector in South Africa and the funding secured in this deal will allow us to continue as one of the leading providers of infrastructure delivery across South Africa. We have always had a clear vision, to deliver the best possible Fibre Solutions to each potential customer, ensuring we meet their specific needs. With this new partnership in place, we are excited to begin the work of realizing this vision and building further on our solid base”, said Greg Sandler, Chief Commercial Officer of Cybersmart.
The core focus of Infra Impact is on providing growth capital for South African Infrastructure businesses, to deliver essential services that cater towards building sustainable infrastructure for the future. The South African Telecommunications Sector and, in particular, the Fibre Network Owner environment, made the investment into Cybersmart a logical step in the realization of the Funds’ objectives.
The continued growth of this sector, as well as the long-term outlook on the deployment of connectivity for all, presented a clear and attractive opportunity for investment.The additional capital injection, provided by bringing Infra Impact on board, will enable Cybersmart to ensure that their brand of quality, appropriately priced and reliable connectivity solutions will continue to expand and reach more South Africans.
