Transformational deals
for an empowered future


We are proud to have acted as sole Financial Advisor, Bookrunner and Mandated Lead Arranger to a consortium of investors on the take private of ICT group Alviva Holdings Limited.

The Consortium comprises two significant existing empowerment shareholders of Alviva who collectively own 18.7% of the issued share capital of the company and who will subsequently hold c.72% of the company alongside management and another investor. The conclusion of the transaction will significantly improve Alviva’s B-BBEE shareholding.

The transaction entailed a cash offer of up to R2.562 billion supported by multi-tranched acquisition facilities to acquire all of the Alviva shares that are not already owned by the consortium of investors, the offer of which was made by way of a scheme of arrangement. In addition, the business is supported with operational funding facilities.

This landmark transaction will result in Alviva, which is one of the largest diversified ICT groups, becoming a majority black-owned and privately held company, repositioning Alviva to drive the strategic direction of the business for future growth and expansion.

We are proud to have partnered with our clients on this deal that not only demonstrates Absa’s continued support for transformational deals and our ability to provide a full suite of services, but also showcases our expertise in the technology sector across the continent. 

Related Articles


Leading the Expansion of Africa’s Capital Markets

We are pleased to have acted as Lead Transaction Advisor for Emtel Limited on their Initial Public Offering and subsequent listing on the Stock Exchange of Mauritius.


Accelerating communications access across the continent

We are pleased to have acted as Subscriber and Mandated Lead Arranger for Convergence Partners and the Datacentrix management team in their 100% acquisition of Datacentrix from the Alviva Group.


Enabling the vision of a more connected Africa

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.