Wendel in MTN Group’s $6.2 Billion Acquisition of IHS Towers

Cleary Gottlieb advised Wendel, one of the largest shareholders of IHS Holdings Limited (IHS Towers), in connection with a voting agreement to support the acquisition of IHS Towers by an affiliate of MTN Group.

The transaction was announced on February 17, 2026, and is expected to close in 2026, subject to IHS Towers shareholder approval, regulatory approvals in the relevant markets and customary closing conditions.

Founded in 2001, IHS Towers is one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count with a sole focus on the emerging markets. The company has over 37,000 towers across its seven markets, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Nigeria, South Africa, and Zambia.

Wendel is one of Europe’s leading listed investment firms. Wendel seeks to implement long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions.

For more information, please see the press release.

The Cleary corporate team was led by partner Kyle Harris and included associates David Friedman and Seung Yoon (Daniel) Nam.