M&A Deal Summary

Helios Investment Partners and Adlevo Capital Acquire InterSwitch

On December 1, 2010, private equity firms Helios Investment Partners and Adlevo Capital acquired financial services company InterSwitch

Acquisition Highlights
  • This is Helios Investment Partners’ 3rd and Adlevo Capital’s 1st transaction in the Financial Services sector.
  • This is Helios Investment Partners’ 3rd and Adlevo Capital’s 1st transaction in Nigeria.
Investment Fate
  • InterSwitch was sold to a consortium of financial buyers in 2017.

M&A Deal Summary

Date 2010-12-01
Target InterSwitch
Sector Financial Services
Buyer(s) Helios Investment Partners
Adlevo Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

InterSwitch

Victoria Island, Nigeria
InterSwitch is an integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organizations on a timely and consistent basis. InterSwitch was founded in 2002 and is based in Victoria Island, Nigeria.

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Buyer(S) 2

Buyer

Helios Investment Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Helios Investment Partners is a pan-African private equity firm. Helios looks to commit $15 to $200 million per transaction and will consider a broad range of investment situations. These include leveraged buyouts, recapitalizations, joint ventures, seed-stage venture capital, restructurings, and strategic public equity investments. Helios is a generalist investor however the firm has particular interest in communications, financial services, power, travel/leisure, distribution/logistics, and agriculture. Helios was formed in 2004 and is based in London.


DEAL STATS #
Overall 7 of 22
Sector: Financial Services M&A 3 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 5
Country: Nigeria M&A 3 of 5
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 Continental Outdoor Media

Bryanston, South Africa

Continental Outdoor Media is Africa’s largest outdoor advertising company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Eland Oil & Gas

Aberdeen, United Kingdom

Eland Oil & Gas' principal business objective is identifying and acquiring interests in oil and gas assets in West Africa, focused on Nigeria including the prolific Niger Delta, and to develop and bring acquired oil and gas assets into production. The Company has, to date, established offices in Nigeria (Abuja), Scotland (Aberdeen) and U.A.E. (Sharjah).

Buy -
Buyer

Adlevo Capital

Lagos, Nigeria

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Adlevo Capital is a private equity firm focused on growth-oriented companies in Sub-Saharan Africa. Adlevo generally looks to make equity and equity-linked investments in rapidly growing private companies at various stages of development. Prospective companies typically benefit from technology or technology-driven processes. Adlevo Capital was formed in 2007 and is based in Lagos, Nigeria.


DEAL STATS #
Overall 1 of 4
Sector: Financial Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: Nigeria M&A 1 of 3
Year: 2010 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-26 Paga

Lagos, Nigeria

Paga is a provider of mobile payments services. Paga is underpinned by a secure payments platform that is built with the flexibility to operate in any environment and on the most basic mobile phone and internet enabled device. To maximize the network effects critical for the long-term success, Paga has taken a multi-stakeholder approach and works with strong local banks and microfinance institutions and on all mobile networks. Paga was founded in 2009 and is based in Lagos, Nigeria.

Buy -