M&A Deal Summary |
|
|---|---|
| Date | 2024-05-07 |
| Target | Adumo |
| Sector | Financial Services |
| Buyer(s) | Lesaka |
| Sellers(s) | Apis Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 86M USD |
| Advisor(s) | Webber Wentzel (Legal) |
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| Category | Company |
|---|---|
| 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 | 4 of 5 |
| Sector (Financial Services) | 2 of 2 |
| Type (Add-on Acquisition) | 3 of 4 |
| Country (South Africa) | 3 of 4 |
| Year (2024) | 2 of 3 |
| Size (of disclosed) | 2 of 3 |
| 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 | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-11-19 |
Recharger
Durban, South Africa Recharger is a South African prepaid electricity submetering and payments business with a base of over 460,000 registered prepaid electricity meters. The company enables landlords to collect payment for utility usage from tenants in advance, eliminating the need to manage billing and collections. Recharger is based in Durban. |
Buy | R507M |
Apis Partners is an investment group focused on investing in financial services companies operating in emerging markets. Specific areas of interest include payments, insurance, credit/savings, capital markets, and tech-enabled service providers. Apis looks to back companies benefiting from increased mobile adoption and access to financial products and services. Apis Partners was established in 2014 and is headquartered in London.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 7 |
| Sector (Financial Services) | 3 of 3 |
| Type (Add-on Acquisition) | 4 of 4 |
| Country (South Africa) | 4 of 4 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-03-15 |
Efficient Group
Pretoria, South Africa Efficient Group is a diversified financial services group focused on providing professional advice, quality solutions and tailor-made investment products across the full financial services value chain, including asset administration services, asset management services, financial products distribution and professional financial advice to both retail and institutional investors in South Africa. Efficient Group is based in Pretoria, South Africa. |
Sell | - |
