Add-on Acquisition • Internet Software and Services

Freedom Holding Acquires Arbuz Group

On June 20, 2023, Freedom Holding acquired internet software and services company Arbuz Group

Acquisition Context
  • This is Freedom Holding’s 2nd transaction in the Internet Software and Services sector.
  • This is Freedom Holding’s 1st transaction in Kazakhstan.

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M&A Deal Summary

Date June 20, 2023
Target Arbuz Group
Sector Internet Software and Services
Buyer(s) Freedom Holding
Deal Type Add-on Acquisition

Target Company

Arbuz Group

Almaty, Kazakhstan
Arbuz Group is an online supermarket and fresh food delivery service with operations in Almaty and Astana. Arbuz Group is based in Almaty, Kazakhstan.
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Buyer Overview 1

Buyer

Freedom Holding

Almaty, Kazakhstan

Category Company
Founded 1981
Sector Financial Services
Employees6,132
Revenue 2.0B USD (2025)
DESCRIPTION

Freedom Holding is a financial services holding company conducting retail financial securities brokerage, investment research, investment counseling, securities trading, investment banking and underwriting services, mortgages, insurance, and consumer banking through its subsidiaries under the name of Freedom Finance in Europe and Central Asia. Freedom Holding was founded in 1981 and is based in Almaty, Kazakhstan.


Deal Context for Buyer #
Overall 2 of 2
Sector: Internet Software and Services 2 of 2
Type: Add-on Acquisition 1 of 1
Country: Kazakhstan 1 of 1
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-06 LD Micro

San Ramon, California, United States

LD Micro is a data and event company serving the small and micro-cap space with SaaS platform. LD Micro was founded in 2006 and is based in San Ramon, California.

Buy $8M