Row rect Shape Decorative svg added to bottom 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(opens in new tab) https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Absa supports Ilitha’s expansion of fibre connectivity across underserved communities Absa Corporate and Investment Banking (CIB) has successfully supported Ilitha Telecommunications through a R500 million financing facility that will enable the expansion of its fibre network across South Africa’s township economies. Read more DEALS Absa Supports Heriot REIT’s Landmark Student Accommodation Development in Cape Town Absa Corporate and Investment Banking has partnered with Heriot REIT to provide development and investment financing for a landmark student accommodation project in Cape Town, reinforcing our commitment to enabling sustainable growth and investment across South Africa's real estate sector. Read more DEALS Absa supports investment in Eastern Cape retail communities Access to quality retail infrastructure plays an important role in sustaining local economies, creating opportunities for small businesses and providing communities with access to essential goods and services. Read more
