Investment Summary

Convergence Partners Invests In 42Markets Group

On April 24, 2023, private equity firm Convergence Partners invested in financial services company 42Markets Group

Investment Highlights
  • This is Convergence Partners’ 1st transaction in the Financial Services sector.
  • This is Convergence Partners’ 1st transaction in the United Kingdom.

Investment Summary

Date 2023-04-24
Target 42Markets Group
Sector Financial Services
Investor(s) Convergence Partners
Deal Type Stake Purchase

Target

42Markets Group

London, United Kingdom
42Markets Group is a global specialist technology group, that incubates and invests in businesses with deep financial and capital markets expertise. 42Markets Group was founded in 2008 and is based in London, United Kingdom.

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Investor(S) 1

DESCRIPTION

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.


DEAL STATS #
Overall 12 of 12
Sector: Financial Services M&A 1 of 1
Type: Stake Purchase M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 LifeQ

Alpharetta, Georgia, United States

LifeQ is an independent provider of biometrics and health information derived from wearable devices. LifeQ helps people to better understand their own bodies, detect health problems, prevent illness, and live healthier lives. LifeQ was founded in 2014 and is based in Alpharetta, Georgia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-15 e4

Johannesburg, South Africa

e4 is a technology company offering edge, trusted electronic solutions and services. e4 specializes in the financial services industry, legal and data sectors, and assists organizations to be fully equipped for the future. e4 is based in Johannesburg, South Africa.

Sell -