Convergence Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Convergence Partners has invested in 1 company.

Convergence Partners’ most common sectors for investment arecommunications (30%) and information technology (30%) . The Firm’s most common investment types include venture (50%) and growth capital (30%). In total, Convergence Partners has invested in 2 US states and 6 different countries.

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M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity10
  • Total Sectors Invested 5
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 3

Convergence Partners

3rd Floor 30 Jellicoe Avenue Rosebank,
Johannesburg, 2196
South Africa
+27 10 003 8410
www.convergencepartners.com
info@convergencepartners.com

Convergence Partners is an investment group focused on technology, media, and communications opportunities in Africa. The Firm looks to fund initiatives that increase the availability of communications, broadband services and new technology offerings to the people of Africa. Convergence Partners was formed in 2006 and is based in Johannesburg, South Africa.


Investment Criteria

Sectors of Interest: Communications, Digital Media, Information Technology, Internet Software and Services, Media, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Venture

Geographic Preferences: Africa

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 8 1 1 - - - 10
Sell (0.0/yr) # - - - - - - 0
  10

Most Recent M&A

Company Date Value Type
LifeQ 2021-05-27 - Venture
Alpharetta, Georgia · www.lifeq.com
Rack Centre 2020-08-31 - Growth Capital
Ikeja, Nigeria · www.rack-centre.com
Optasia Group 2019-09-23 - Growth Capital
Dubai, United Arab Emirates · www.optasia.com
ESET, spol. s.r.o. 2017-11-09 - Stake Purchase
Bratislava, Slovakia · www.eset.com
CSquared 2017-05-16 - Venture
Nairobi, Kenya · www.csquared.com
Comsol Networks (Pty) Ltd. 2016-06-30 - Venture
Midrand, South Africa · www.comsol.co.za
Snapt 2016-06-01 - Venture
San Jose, California · www.snapt.net
e4 Strategic (Pty) Ltd. 2016-04-13 - Buyout (LBO, MBO, MBI)
Johannesburg, South Africa · www.e4.co.za
inQuba Customer Intelligence (Pty) Ltd. 2016-03-18 - Growth Capital
Johannesburg, South Africa · www.inquba.com
Seacom Ltd. 2007-11-14 - Venture
Cape Town, South Africa · www.seacom.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Communications 3 (30%) - 3 (30%) -
Information Technology 3 (30%) - 3 (30%) -
Internet Software and Services 2 (20%) - 2 (20%) -
Software 1 (10%) - 1 (10%) -
Technology Hardware 1 (10%) - 1 (10%) -
Total 10 - 10 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
South Africa 4 (40%) - 4 (40%) -
United States 2 (20%) - 2 (20%) -
  Georgia 1 (10%) - 1 (10%) -
  California 1 (10%) - 1 (10%) -
Kenya 1 (10%) - 1 (10%) -
Nigeria 1 (10%) - 1 (10%) -
Slovakia 1 (10%) - 1 (10%) -
United Arab Emirates 1 (10%) - 1 (10%) -
Total 10 - 10 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Venture 5 (50%) - 5 (50%) -
Growth Capital 3 (30%) - 3 (30%) -
Buyout (LBO, MBO, MBI) 1 (10%) - 1 (10%) -
Stake Purchase 1 (10%) - 1 (10%) -
Total 10 - 10 -

Investor Summary

Investor Type

Private Equity Firm

Size

Small

Established

2006

Specialist/Generalist

Specialist

Leadership

Andile Ngcaba

Chairman & Founding Partner

Brandon Doyle

Founding Partner & CEO

Stefan Ferreira

Founding Partner & CFO

Idan Segal

Founding Partner & CIO

Envir Fraser

Chief Strategy Officer & Partner

FAQ

When was Convergence Partners founded?

Convergence Partners was founded in 2006.

What type of investor is Convergence Partners?

Convergence Partners is a private equity firm.

Where is Convergence Partners headquartered?

Convergence Partners is headquartered in Johannesburg, South Africa.

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