Lesaka Technologies - M&A Summary and Business Overview

Business ServicesCompany

Lesaka Technologies M&A Summary

Lesaka Technologies has acquired 3 companies, including 2 in the last 5 years.

Lesaka Technologies’ largest acquisition to date was in 2021, when it acquired Cash Connect Management Solutions for $361M. Lesaka Technologies has acquired in 2 countries. The Company’s most targeted sectors include business services (34%) and financial services (34%).

Lesaka Technologies Business Overview

Where is Lesaka Technologies headquartered?

Lesaka Technologies is headquartered in Johannesburg, South Africa.

What is Lesaka Technologies’ revenue?

Lesaka Technologies disclosed revenue of 223M USD for 2022 and 223M USD for 2022.

How many employees does Lesaka Technologies have?

Lesaka Technologies has 2,657 employees.

What sector is Lesaka Technologies in?

Lesaka Technologies is a business services company.

When was Lesaka Technologies founded?

Lesaka Technologies was founded in 1997.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

Lesaka Technologies

Lesaka Technologies, Inc.

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

Lesaka Technologies is a provider of payment processing system for the developing world. Net 1 Lesaka Technologies 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 (0.4/yr) # 1 - 1 - - 1 3
vol $361M $361M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
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
Business Services 1 (33%) 361M (100%) - -
Financial Services 1 (33%) - - -
Information Technology 1 (33%) - - -
Total 3 $361M - -

By Geo

State/Country Buy Value Sell Value
South Africa 2 361M - -
South Korea 1 - - -
Domestic 2 (67%) 361M (100%) - -
Cross-border 1 (33%) - - -
Total 3 $361M - -

Top M&A Advisors

Financial Deals
Proton Partners
 1
Legal Deals
Cliffe Dekker Hofmeyr
 1

Deal Values

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

M&A Connections

Deals
Acquired from
Strategic(s)
33%
1 (33%)

Company Summary

SECTOR

Business Services

Revenue

223   71% 2022
131   14% 2021
151   59% 2020
361   42% 2019
613   2018
(millions of USD) Show More Show Less

Employees

2,657

Established

1997

Public

NASDAQ: LSAK

Former Name

Net 1 Ueps Technologies, Inc.

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Business Services Companies , South Africa Companies

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