Investment Summary

Ethos Private Equity and Apis Partners Invest In TymeBank

On June 10, 2019, private equity firm Ethos Private Equity and growth capital firm Apis Partners invested in financial services company TymeBank

Investment Highlights
  • This is Ethos Private Equity’s 4th and Apis Partners’ 5th transaction in the Financial Services sector.
  • This is Ethos Private Equity’s 42nd and Apis Partners’ 3rd transaction in South Africa.

Investment Summary

Date 2019-06-10
Target TymeBank
Sector Financial Services
Investor(s) Ethos Private Equity
Apis Partners
Deal Type Growth Capital

Target

TymeBank

Johannesburg, South Africa
TymeBank is a provider of banking and financial services. TymeBank has positioned itself as the leading low-cost transactional bank to the mass market segment. Consumers in this segment are traditionally under-served as well as under-serviced. TymeBank was founded in 2012 and is based in Johannesburg, South Africa.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

Investor

Ethos Private Equity

Illovo, South Africa

Category Private Equity Firm
Founded 1984
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Ethos Private Equity is a private equity investor that targets opportunities in South Africa. Ethos looks for stable businesses valued between $15 and $100 million US. Target transactions include divestitures of non-core assets, sector consolidations, development of family owned businesses, growth financings, and turnarounds. Ethos was formed in 1984 and is based in Johannesburg, South Africa.


DEAL STATS #
Overall 47 of 48
Sector: Financial Services M&A 4 of 4
Type: Growth Capital M&A Deals 6 of 7
Country: South Africa M&A 42 of 42
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 Eaton Towers

London, United Kingdom

Eaton Towers is a high-growth pan-African telecom tower management company that provides the shared site and tower services for telecom network operators by acquiring, building, and maintaining passive telecommunications infrastructure assets. Eaton Towers was founded in 2008 and is based in London, United Kingdom.

Sell $1.9B
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 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 -
DESCRIPTION

Apis Partners is an investment group focused on investing in financial services companies operating in emerging markets. Specific areas of interest include payments, insurance, credit/savings, capital markets, and tech-enabled service providers. Apis looks to back companies benefiting from increased mobile adoption and access to financial products and services. Apis Partners was established in 2014 and is headquartered in London.


DEAL STATS #
Overall 9 of 30
Sector: Financial Services M&A 5 of 10
Type: Growth Capital M&A Deals 7 of 17
Country: South Africa M&A 3 of 5
Year: 2019 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-15 SecureNow

Gurgaon, India

SecureNow is an independent B2B insurtech distributors in India. It distributes competitive commercial insurance products (e.g. group health insurance, property insurance, motor and liability insurance) to SMEs in a sustainable and scalable manner by leveraging its optimized on/offline network which includes insurance and channel partners. SecureNow is based in Gurgaon, Haryana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 DocDoc

Singapore, Singapore

DocDoc is a data-enabled digital-first health insurance ecosystem with its doctor discovery engine and digital claims processing engine. DocDoc’s patient intelligence and knowledge graph-based doctor discovery engine matches end-users with the most appropriate doctors across Asia and the Middle East. DocDoc is based in Singapore.

Buy -