M&A Deal Summary

KSNET Acquires MediKredit Integrated Healthcare Solutions

On November 23, 2009, KSNET acquired software company MediKredit Integrated Healthcare Solutions from Horizon Equity Partners for 74M ZAR

Acquisition Highlights
  • This is KSNET’s 1st transaction in the Software sector.
  • This is KSNET’s largest (disclosed) transaction.
  • This is KSNET’s 1st transaction in South Africa.

M&A Deal Summary
Date 2009-11-23
Target MediKredit Integrated Healthcare Solutions
Sector Software
Buyer(s) KSNET
Sellers(s) Horizon Equity Partners
Deal Type Add-on Acquisition
Deal Value 74M ZAR

Target

MediKredit Integrated Healthcare Solutions

Johannesburg, South Africa
MediKredit Integrated Healthcare Solutions (Pty) Ltd. is a provider of software & services for healthcare claims switching, adjudication and management.

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Buyer(S) 1

Buyer

KSNET

Gangnam-gu Seoul, South Korea
Category Company
Founded 1999
Sector Financial Services
DESCRIPTION

KSNET Inc. is a value-added network ("VAN") provider for credit card and banking transaction processing. The Company holds a 20% market share in the credit card VAN business in Korea and is a dominant operator in the electronic payment gateway service for E-commerce businesses.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (South Africa) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Horizon Equity Partners

Johannesburg, South Africa

Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 457M ZAR
Size Small
Type Sector Agnostic
DESCRIPTION

Horizon Equity Partners is a private equity firm focused on buyout, growth capital, and recapitalization investments. The Firm does not have any sector preferences and will consider opportunities throughout South Africa. Horizon Equity Partners was formed in 1996 and is based in Sandton.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (South Africa) 1 of 2
Year (2009) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 S.Bacher

Modderfontein, South Africa

Based in Johannesburg, South Africa, S.Bacher & Company was incorporated in 1938 as a general importer and distributor of products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-20 Peresys

Johannesburg, South Africa

Peresys (Pty) Ltd. provides technology solutions for the financial markets. It specializes in the delivery of FIX enabled applications and services for the buy and sell sides.

Sell R375M
Mergr

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