M&A Deal Summary

Global Capital Acquires OneSpark

On January 1, 2023, merchant bank Global Capital acquired insurance company OneSpark

Acquisition Highlights
  • This is Global Capital’s 1st transaction in the Insurance sector.
  • This is Global Capital’s 8th transaction in South Africa.

M&A Deal Summary

Date 2023-01-01
Target OneSpark
Sector Insurance
Buyer(s) Global Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

OneSpark

Sandton, South Africa
OneSpark is a new-age insurance company that is embedding advanced technology, creating an insurance experience that is smart, quick & affordable. OneSpark was founded in 2020 and is based in Sandton, South Africa.

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Buyer(S) 1

Buyer

Global Capital

Johannesburg, South Africa

Investor Investor


Category Merchant Bank
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Global Capital is a South African investment banking and private equity firm. The Firm's private equity arm looks to make investments in a variety of sectors and focuses on companies generating at least R50 million in revenues and R10 million in profits. Global Capital dates back to 1995 and is based in Johannesburg.


DEAL STATS #
Overall 9 of 9
Sector: Insurance M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: South Africa M&A 8 of 8
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-12 Connecture

Brookfield, Wisconsin, United States

Connecture is a web-based consumer shopping, enrollment and retention platform for health insurance distribution. Connecture offers a personalized health insurance shopping experience that recommends the best fit insurance plan based on an individual’s preferences, health status, preferred providers, medications and expected out-of-pocket costs. Connecture’s customers are health insurance marketplace operators such as health plans, brokers and exchange operators, who must distribute health insurance in a cost-effective manner to a growing number of insured consumers. Connecture’s solutions automate key functions in the health insurance distribution process, allowing its customers to price and present plan options accurately to consumers and efficiently enroll, renew and manage plan members.

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