M&A Deal Summary |
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Date | 2021-11-01 |
Target | Connect Group |
Sector | Business Services |
Buyer(s) | Lesaka |
Deal Type | Add-on Acquisition |
Deal Value | 4.8B ZAR |
Advisor(s) | Investec (Financial) ENS Africa (Legal) |
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Category | Company |
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Founded | 1997 |
Sector | Information Technology |
Employees | 2,303 |
Revenue | 528M USD (2023) |
Lesaka is a Fintech company that utilizes its proprietary banking and payment technologies to deliver superior financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. The Company offers cash management solutions, growth capital, card acquiring, bill payment technologies and value-added services to retail merchants as well as banking, lending, and insurance solutions to consumers across Southern Africa. Lesaka was founded in 1997 and is based in Johannesburg, South Africa.
DEAL STATS | # |
---|---|
Overall | 2 of 5 |
Sector (Business Services) | 1 of 1 |
Type (Add-on Acquisition) | 2 of 4 |
Country (South Africa) | 1 of 4 |
Year (2021) | 1 of 1 |
Size (of disclosed) | 1 of 3 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2010-10-29 |
KSNET
Gangnam-gu Seoul, South Korea 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. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2024-02-05 |
Touchsides
Johannesburg, South Africa Touchsides is a data analytics, insights, and merchant services company. The business provides platform-as-a-service (PaaS) and software-as-a-service (SaaS) solutions to licensed tavern outlets, enabling the measurement of sales activity in real-time, management of stock levels and informing commercial decisions, such as pricing and promotional offers. Touchsides was founded in 2013 and is based in Johannesburg, South Africa. |
Buy | - |