M&A Deal Summary |
|
|---|---|
| Date | 2024-02-05 |
| Target | Touchsides |
| Sector | Information Technology |
| Buyer(s) | Lesaka |
| Sellers(s) | Heineken |
| Deal Type | Divestiture |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Information Technology |
| Employees | 2,531 |
| Revenue | 564M USD (2024) |
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 | 3 of 5 |
| Sector: Information Technology M&A | 1 of 2 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: South Africa M&A | 2 of 4 |
| Year: 2024 M&A | 1 of 3 |
| 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 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-07 |
Adumo
Johannesburg, South Africa Adumo is an independent card-acquiring company delivering a comprehensive suite of payments and value-added solutions to a broad spectrum of merchants across South Africa. Adumo is based in Johannesburg, South Africa. |
Buy | $86M |
Heineken is a global beverage company focused on the production and distribution of beer and cider. Heineken was founded in 1864 and is based in Amsterdam, Netherlands.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector: Information Technology M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 3 of 3 |
| Country: South Africa M&A | 1 of 1 |
| Year: 2024 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-02-13 |
Brasil Kirin Holding S.A.
Itu, Brazil Brasil Kirin Holding S.A. is one of the largest beer and soft drinks producers in Brazil, operating 12 production facilities with its own distribution network. It has a particularly strong presence in the North and North East, where HEINEKEN currently has less exposure. It owns an extensive portfolio of beer brands and its share of the Brazilian beer market in 2015 was c.9%1. The portfolio includes Schin, one of Brazil's largest brands covering the mainstream and value segments, as well as the Devassa brand. Furthermore, it owns the speciality brands Baden Baden and Eisenbahn, which will complement HEINEKEN's existing premium portfolio. |
Buy | €1.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-04-29 |
Tenzing Natural Energy
London, United Kingdom Tenzing Natural Energy is a plant-based energy drink brand that offers low-calorie, natural caffeine beverages. Tenzing Natural Energy was founded in 2016 and is based in London, United Kingdom. |
Buy | - |
