DEALS Accelerating communications access across the continent Absa | Corporate and Investment Banking > Insights and Events > Accelerating communications access across the continent SHARE We are pleased to have acted as Subscriber and Mandated Lead Arranger for Convergence Partners and the Datacentrix management team in their 100% acquisition of Datacentrix from the Alviva Group. Convergence Partners is a leading private equity investment manager focused on the technology sector in sub-Saharan Africa, with a more than 20-year history of investing successfully in digital infrastructure in the region. Convergence Partners brings its deep skills, relationships, experience and capital to actively grow its investments, including catalysing new investment opportunities both directly and through its portfolio companies. This Preference Share funding Absa provided enabled Convergence Partners (via the Convergence Partners Digital Infrastructure Fund (“CPDIF”)) to execute on its pan African mandate. Through this transaction, synergies will be realized through Datacentrix’s capabilities and Convergence Partners’ experience in private equity, which is poised to deliver value to clients across Sub-Saharan Africa, North Africa and the Middle East. This transaction aligns with the CPDIF’s strategy of investing in high growth companies that are leading champions in their field with strong management teams and deep customer and vendor relationships. Absa has had a longstanding relationship with Alviva Group and for this transaction, our M&A team also acted as sell-side advisors, running a competitive bidding process. And through the preference share financing team within our Investment Banking Division team, Absa was able to support Convergence Partners, as the successful bidder, on the buy side. We are proud to have supported this transaction, which is poised to increase availability of communications, broadband services and new technology offerings to the people of Africa. Contact Pamela Mainama for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Building a more robust green energy landscape South Africa’s green energy sector is poised for significant transformation, with vast untapped investment potential. Our R1.45 billion deal with G7 Renewable Energies and Cennergi Holdings marks a monumental sustainability partnership, highlighting the critical role of finance as a catalyst for advancing renewable energy projects. Read more DEALS Strengthening Kenya’s Cement Industry Through Strategic Partnerships We’re proud to have served as the exclusive sell-side financial adviser to Holcim Group in the $180 million sale of Bamburi Cement PLC to Amsons Group. This landmark transaction will enable Holcim Group to focus on consolidating its leadership in core markets as the global leader in innovation and sustainable building solutions. Read more DEALS Propelling Africa’s property investment landscape forward Our transformative role as a Debt Provider in TriColour Investments’ R1.1 billion deal is a source of tremendous pride, and investing in new partnerships is the bedrock of writing innovative success stories. That’s why we are thrilled to announce our new deal with TriColour Investments (Pty) Ltd, a Johannesburg-based property investment company specialising in the development and ownership of commercial and industrial properties. Read more