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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
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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

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