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 Bridging markets to unlock bold ambitions Absa Corporate and Investment Banking (CIB) acted as the sole South African bank appointed as Global Coordinator, Joint Bookrunner and Dealer Manager in the successful issuance of a US$500 million international bond for Bidvest. Read more DEALS Advancing greener goals with solar progress At Absa CIB, we believe progress is measured not only by what we build, but by the future we help shape. That’s why our R2.2 billion financing of Red Rocket’s Tournee solar project goes beyond infrastructure – it’s accelerating South Africa’s renewable energy transition for lasting impact. Read more DEALS Innovative Benchmark Solutions Advancing Oil Supply Growth We structured a unique ZARONIA-linked debt facility, to foster supply chain resilience and drive innovation in the South African FMCG sector. Read more
