M&A Deal Summary

Lesaka Acquires KSNET

On October 29, 2010, Lesaka acquired financial services company KSNET

Acquisition Highlights
  • This is Lesaka’s 1st transaction in the Financial Services sector.
  • This is Lesaka’s 1st transaction in South Korea.

M&A Deal Summary
Date 2010-10-29
Target KSNET
Sector Financial Services
Buyer(s) Lesaka
Deal Type Add-on Acquisition

Target

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.

Search 200,577 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Lesaka

Johannesburg, South Africa
Category Company
Founded 1997
Sector Information Technology
Employees2,303
Revenue 528M USD (2023)
DESCRIPTION

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 1 of 5
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 4
Country (South Korea) 1 of 1
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Connect Group

Sandton, South Africa

Connect Group is one of the fastest-growing payment solutions providers in Southern Africa, providing services such as bill payment, prepaid value-added services, digitized cash management, merchant lending, and merchant acquiring to nearly 44,000 merchants. The group includes established and highly respected brands such as Kazang, Cash Connect, Capital Connect, and Kazang Connect.

Buy R4.8B
Mergr

Product

Company

Legal