Private equity fund managers Development Partners International (DPI), Ethos Private Equity, Capital Group Private Markets, and Standard Chartered Private Equity (SCPE) have agreed to exit Africa-focused mobile telecom tower company Eaton Towers to American Tower Corporation (ATC), a United States-listed communications infrastructure company, at an enterprise value of USD1.85 billion. DPI first invested in Eaton Towers in 2008 while Capital Group became majority shareholder in 2011. Ethos and SCPE acquired stakes in the company in 2015. Eaton Towers builds, acquires, and maintains telecom infrastructure assets for mobile operators across Ghana, Uganda, Kenya, Burkina Faso, and Niger. The transaction, which is subject to regulatory approval, is expected to close by the end of 2019.