Investment Summary |
|
|---|---|
| Date | 2020-08-31 |
| Target | Rack Centre |
| Sector | Information Technology |
| Investor(s) |
Convergence Partners
Actis Capital |
| Deal Type | Growth Capital |
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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 | 9 of 12 |
| Sector: Information Technology M&A | 3 of 4 |
| Type: Growth Capital M&A Deals | 3 of 3 |
| Country: Nigeria M&A | 1 of 1 |
| Year: 2020 M&A | 1 of 1 |
| 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 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 | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-25 |
Ctrack
Centurion, South Africa Ctrack specializes in vehicle tracking, fleet management and insurance telematics for a global client base in 54 countries. Ctrack brand is recognized as a world-leading provider of advanced machine-to-machine communication and telematics solutions that adds value to this global base of customers with mobile assets. Ctrack is based in Centurion, South Africa. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| PE ASSETS | 26.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 142 of 163 |
| Sector: Information Technology M&A | 5 of 7 |
| Type: Growth Capital M&A Deals | 53 of 54 |
| Country: Nigeria M&A | 9 of 9 |
| Year: 2020 M&A | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-01 |
Athena Renewables
Mumbai, India Athena Renewables is an investment platform focused on renewable projects and the clean energy transition. Athena Renewables is based in Mumbai, Maharashtra. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-12 |
Octotel
Cape Town, South Africa Octotel is a fibre network operator focused on both Fibre To The Home (FTTH) and Business (FTTB). Octotel was founded in 2016 and is based in Cape Town, South Africa. |
Buy | $140M |
