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The Danish firm is $135m shy of its target, having held a second close for its maiden vehicle on $865m last month.
The Africa-based telecoms company said it drew ‘considerable institutional investor interest’, despite the cancellation.
The London listing is set to value the company – which estimates 78% of its sites are ready for more leases – at around £2bn, including debt.
The private equity firm has teamed up with energy developer Themis to invest in natural gas-fired and renewable power generation assets across the continent.
Evolution II’s maiden deal comes ahead of an expected $250m final close September this year.
The AP Moller Capital vehicle has teamed up with UK DFI CDC to place an offer worth $380m for Zambian utility Copperbelt Energy.
The Old Mutual affiliate joins project partners including Denham Capital and the ARM-Harith Infrastructure Fund.
The pair are aiming to catalyse private sector investment following Shariah-compliant principles with the first-of-its-kind vehicle.
At a conference held by the World Bank Group Thursday, officials discussed the challenge of tapping the $2trn market for Shariah-compliant finance to boost infra.
The firm has acquired a 35% stake in Tunisie Telecom, its 10th deal in the country and its first in the sector.
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