Investment Summary

Convergence Partners Invests In ESET

On November 9, 2017, private equity firm Convergence Partners invested in software company ESET

Investment Highlights
  • This is Convergence Partners’ 1st transaction in the Software sector.
  • This is Convergence Partners’ 1st transaction in Slovakia.

Investment Summary
Date 2017-11-09
Target ESET
Sector Software
Investor(s) Convergence Partners
Deal Type Stake Purchase

Target

ESET

Bratislava, Slovakia
ESET is a provider of security solutions for the home and business segment. With solutions ranging from endpoint and mobile security to encryption and two-factor authentication, ESET’s high-performing, easy-to-use products give consumers and businesses the peace of mind to enjoy the full potential of their technology. ESET was launched in 1992 and is based in Bratislava, Slovak Republic.

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Investor(S) 1

Investor

Convergence Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Focused
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 7 of 10
Sector (Software) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Slovakia) 1 of 1
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-16 CSquared

Nairobi, Kenya

CSquared is a provider of high-quality broadband at lower costs through shared infrastructure such as metro fiber and Wi-Fi networks. CSquared also offers wholesale last-mile Wi-Fi access. Internet Service Providers (ISPs) and Mobile Network Operators (MNOs) can leverage our network to bring high-quality Wi-Fi to homeowners, small businesses, and mobile users on the go. CSquared was founded in 2017 and is based in Nairobi, Kenya.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Optasia

Dubai, United Arab Emirates

Optasia is a FinTech and data analytics company that works together with over 27 mobile network operators in over 30 countries globally. It currently serves over 650 million people globally and lends more than US$5 million daily to its customers. Optasia was founded in 2012 and is based in Dubai, United Arab Emirates.

Buy -
Mergr

Product

Company

Legal