Lesaka - M&A Summary and Business Overview

Information TechnologyCompany

Lesaka M&A Summary

Lesaka has acquired 4 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms.

Lesaka’s largest acquisition to date was in 2021, when it acquired Cash Connect Management Solutions for $361M. Lesaka has acquired in 2 countries. The Company’s most targeted sectors include financial services (50%) and business services (25%).

Lesaka Business Overview

Where is Lesaka headquartered?

Lesaka is headquartered in Johannesburg, South Africa.

What is Lesaka’s revenue?

Lesaka disclosed revenue of 528M USD for 2023 and 223M USD for 2022.

How many employees does Lesaka have?

Lesaka has 2,303 employees.

What sector is Lesaka in?

Lesaka is an information technology company.

When was Lesaka founded?

Lesaka was founded in 1997.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

Lesaka

Lesaka Technologies, Inc.

President Place, 4th Floor,
Johannesburg, 2196
South Africa,
+27 11 343 2000
www.lesakatech.com

Lesaka is a Fintech company that utilizes its proprietary banking and payment technologies to deliver superior financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. The Company offers cash management solutions, growth capital, card acquiring, bill payment technologies and value-added services to retail merchants as well as banking, lending, and insurance solutions to consumers across Southern Africa. Lesaka was founded in 1997 and is based in Johannesburg, South Africa.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 1 - 1 - - 2 4
vol $361M $86M $447M
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
Adumo RF (Pty) Ltd. 2024-05-07 86M USD Add-on Acquisition
Johannesburg, South Africa · www.adumo.com
Touchsides (Pty) Ltd. 2024-02-05 - Divestiture
Johannesburg, South Africa · www.touchsides.com
Cash Connect Management Solutions (Proprietary) Ltd. 2021-11-01 361M ZAR Add-on Acquisition
Sandton, South Africa · www.connected.co.za
KSNET, Inc. 2010-10-29 - Add-on Acquisition
Gangnam-gu Seoul, South Korea · www.ksnet.co.kr
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (50%) 86M (19%) - -
Business Services 1 (25%) 361M (81%) - -
Information Technology 1 (25%) - - -
Total 4 $447M - -

By Geo

State/Country Buy Value Sell Value
South Africa 3 447M - -
South Korea 1 - - -
Domestic 3 (75%) 447M (100%) - -
Cross-border 1 (25%) - - -
Total 4 $447M - -

Top M&A Advisors

Financial Deals
Proton Partners
1
Legal Deals
Werksmans Attorneys
1
Cliffe Dekker Hofmeyr
1

Deal Values

buy # Total
$100M to $1B 1 $361M
< $100M 1 $86M
TOTAL $447M
Largest Cash Connect Management Solutions (Proprietary) Ltd.
$361M (2021-11-01)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Strategic(s)
25%
1 (25%)

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