DEALS Enabling the vision of a more connected Africa Absa | Corporate and Investment Banking > Insights and Events > Enabling the vision of a more connected Africa SHARE We are pleased to have acted as sole M&A Advisor to Alviva, in their disposal of Datacentrix to Convergence Partners and the Datacentrix management team. Alviva is one of Africa’s largest providers of information and communication technology (ICT) products and services. The Group comprises various ICT subsidiaries, one of which is Datacentrix. Following Alviva’s delisting in 2023, the group embarked on a process to dispose of Datacentrix to strengthen its balance sheet. This provided Convergence Partners, in conjunction with the black management team of Datacentrix, an opportunity to acquire the business. Datacentrix is well-positioned to grow and expand into other African jurisdictions. Absa advised Alviva on the disposal and provided acquisition finance to the Convergence Partners and Datacentrix management consortium, showcasing our full suite of services and our continued support of transformational deals. Contact Christopher Biggs for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS We are pleased to have overseen the USD 50m Structured Finance Deal to boost Africa’s agricultural trade We are pleased to announce our role as the lead bank in a USD 50 million Structured Inventory Finance Facility for Valency International DMCC. This facility, secured in partnership with International Finance Corporation (IFC), positions Valency at the centre of sourcing, processing and exporting agricultural goods from East and West Africa to international markets. Read more DEALS Breaking new ground for meaningful impact through mining Absa’s balance sheet commitment will ensure Gamsberg Mine is ranked among the top five zinc-producing mines globally and will help BMM create jobs and improve economic activity in the region. We are invested in your story and invite you to write it with us. Read more DEALS A shining example of Africa’s contribution to global critical minerals Unfolding a landmark critical minerals transaction with Kamoa Copper, is a story we are proud of. That’s how we are invested in your story. Read more
