Independent private equity fund manager, Infinite Partners and a consortium of PE firms have acquired South African fintech startup e4 for $52.5m (ZAR1bn).
The transaction will see e4 obtain the necessary capital for advancing to the next stage of its expansion. This strategic acquisition by Infinite Partners provides e4 with the necessary resources and support to further expand its reach and continue its mission of transforming businesses through cutting-edge digital solutions. The transaction includes 27four, a diversified financial services group that invests money innovatively and supports independent asset managers.
According to Edward Pitsi, Infinite Partners CEO, “We are very excited by the growth opportunities for e4 to grow into other adjacent areas whilst retaining a strong market position in the current verticals it services. Finally, the business has recently expanded to the UK which has a TAM in excess of 10x the SA market – we will be supporting…
