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 Connecting African Growth with Global Capital Absa Corporate and Investment Banking supported Ecobank Transnational Inc.’s (ETI) landmark $125 million Eurobond Tap - the first African financial institution issuance in international markets following the tariff-related US market disruption. Read more DEALS Driving Impact Through Purposeful Capital At Absa Corporate and Investment Banking, we believe that sustainable investment is key to long-term economic resilience. Our support of LeapFrog Investments reflects our belief in creating measurable impact - across ESG, economic, and community outcomes, by backing businesses that are accelerating growth across emerging markets. Read more DEALS Charging Progress in Green Energy The R3.8 billion wind energy transaction will finance the design, development, construction, operation, and maintenance of a 150MW wind project that will generate clean energy for Discovery Green - advancing the just energy transition we are proud to support. Read more
