M&A Deal Summary

NTT DATA Acquires NTT DATA Payment Services

On May 27, 2024, NTT DATA acquired financial services company NTT DATA Payment Services from Actis Capital and Apis Partners

Acquisition Highlights
  • This is NTT DATA’s 1st transaction in the Financial Services sector.
  • This is NTT DATA’s 1st transaction in Malaysia.

M&A Deal Summary

Date 2024-05-27
Target NTT DATA Payment Services
Sector Financial Services
Buyer(s) NTT DATA
Sellers(s) Actis Capital
Apis Partners
Deal Type Add-on Acquisition

Target

NTT DATA Payment Services

Kuala Lumpur, Malaysia
NTT DATA Payment Services is a payment solutions provider offering in-store, e-commerce, and cross-border payment services across Southeast Asia. NTT DATA Payment Services is based in Kuala Lumpur, Malaysia.

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Buyer(S) 1

Buyer

NTT DATA

Tokyo, Japan

Category Company
Founded 1967
Sector Information Technology
Employees197,777
Revenue 4.64T JPY (2025)
DESCRIPTION

NTT DATA is a IT services provider and global innovation partner with 80,000 professionals based in over 40 countries. NTT DATA emphasizes long-term commitment and combines global reach and local intimacy to provide premier professional services, including consulting, application services, business process and IT outsourcing, and cloud-based solutions. NTT DATA was founded in 1967 and is based in Tokyo, Japan.


DEAL STATS #
Overall 25 of 31
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 24 of 29
Country: Malaysia M&A 1 of 1
Year: 2024 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Sapphire Systems

London, United Kingdom

Sapphire Systems is a provider of enterprise resource planning (ERP) and financial management solutions (FMS). Sapphire Systems was founded in 1993 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 Proven Tech

Hyderabad, India

Proven Tech specializes in providing cutting-edge GenAI-driven Quality Management and Manufacturing solutions to the Pharma, Healthcare, and Food industries. Proven Tech was founded in 2020 and is based in Hyderabad, India.

Buy -

Seller(S) 2

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 89 of 92
Sector: Financial Services M&A 10 of 10
Type: Add-on Acquisition M&A Deals 45 of 46
Country: Malaysia M&A 3 of 3
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-27 Argo Energy

Gangnam-gu, South Korea

Argo Energy is a renewable energy platform focused on the development of small utility scale and rooftop solar. Argo Energy was founded in 2020 and is based in Gangnam-gu, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-18 Orygen

Lima, Peru

Orygen is an energy platform operating as an independent power producer. Orygen is based in Lima, Peru.

Buy -
SELLER
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 9 of 10
Sector: Financial Services M&A 4 of 5
Type: Add-on Acquisition M&A Deals 5 of 5
Country: Malaysia M&A 1 of 1
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
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.

Sell $86M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-11 Baobab

Paris, France

Baobab is a financial services provider to small businesses on the African continent. Through its seven subsidiaries, the company provides financial services to more than half a million micro-entrepreneurs and small businesses. It expands its reach to MSMEs in frontier markets by leveraging data and digital technologies, thereby fulfilling its mission of broadening access to finance among those underserved by traditional banks. Baobab is based in Paris.

Sell -