M&A Deal Summary

Network International Holdings Acquires DPO Group

On July 29, 2020, Network International Holdings acquired financial services company DPO Group from Apis Partners

Acquisition Highlights
  • This is Network International Holdings’ 1st transaction in the Financial Services sector.
  • This is Network International Holdings’ 1st transaction in Ireland.

M&A Deal Summary
Date 2020-07-29
Target DPO Group
Sector Financial Services
Buyer(s) Network International Holdings
Sellers(s) Apis Partners
Deal Type Add-on Acquisition
Advisor(s) Morgan Stanley (Financial)
ENS Africa (Legal)

Target

DPO Group

Dublin, Ireland
DPO Group is a payment service provider (PSP) that has developed the technology to enable businesses and individuals across the continent to make payments online and offline with all currencies and payment methods. DPO Group currently works with over 47,000 active merchants, including airlines, hotels, restaurants, and travel agents as well as eCommerce all over Africa. The company was founded in 2006 and since then it has grown to be a pan-African PSP with more than 350 employees and a presence in 19 African countries. By providing its merchants of all sizes with the capacity to make and accept payments effortlessly, DPO supports financial inclusion and economic development on the continent. DPO Group was formed in 2006 and is based in

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Buyer(S) 1

Buyer

Network International Holdings

Dubai, United Arab Emirates
Category Company
Founded 1994
Sector Financial Services
Employees1,772
Revenue 438M USD (2022)
DESCRIPTION

Network International comprises of a group of companies and is a leading enabler of digital commerce across the Middle East and Africa (MEA) region, providing a full suite of technology-enabled payments solutions to merchants and financial institutions of all types and sizes, including acquiring and processing services and a comprehensive ever-evolving range of value-added services. Network International was founded in 1994 and is based in Dubai, United Arab Emirates.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Ireland) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-02 Emerging Markets Payments Holdings

Claremont, South Africa

The Emerging Markets Payments Group was established to deliver world-class electronic payments services to banks, retailers, governments and consumer finance institutions across the Middle East and Africa. Globally, a significant shift is taking place as societies move away from cash-based economies to greater use of electronic payments, a trend that is emphasised in the emerging markets of Africa and the Middle East. This trend offers significant opportunities for all stakeholders, from banks, retailers and card associations through to the end consumer.

Buy -

Seller(S) 1

SELLER

Apis Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

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 1 of 7
Sector (Financial Services) 1 of 3
Type (Add-on Acquisition) 1 of 4
Country (Ireland) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Trussan

Guangzhou, China

Trussan is an automated, online independent wealth planner that helps manage health/life insurance, retirement, and wealth products for middle-income families in China. Trussan is based in Guangzhou, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-18 Prenetics

Hong Kong, China

Prenetics is a major global diagnostic and genetic testing company with the mission to bring health closer to millions of people globally and decentralize healthcare by making the three pillars Prevention, Diagnostics and Personalized Care comprehensive and accessible to anyone, at any time and anywhere. Prenetics was founded in 2014 and is based in Hong Kong, China.

Buy -
Mergr

Product

Company

Legal