CDG Capital Private Equity Exits Intelcia in Sale to Altice Group (MENA)

Source: Africa Capital Digest

North Africa-focused private equity firm CDG Capital Private Equity has exited Morocco-based regional outsourcing company Intelcia via sale to Netherlands-based telecommunications company Altice Group for a reported 4.6x return multiple. CDG capital originally invested in Intelcia in 2010. Financial details of the transaction were not disclosed.