Acquisition of Compuscan by Actis named top private equity deal of 2014

DealMakers’ 15th Annual Gala Award Banquet, held last night, on 17 February 2015 in Sandton, saw the acquisition of Compuscan by Actis being named the overall winner of the Catalyst Private Equity Deal of 2014, pinpointing it as the most notable private equity deal of the past year.

Compuscan, one of South Africa’s leading credit bureaus, forms part of the CSH group which also comprises ScoreSharp, P:Cubed and Compuscan Academy. In June 2014, pan-emerging markets investor, Actis acquired Compuscan by purchasing a 60% stake in the business. Since then, CSH was formed and South African marketing service provider, P:Cubed was welcomed to the group. CSH is chaired by a leading figure in the African financial services industry, Michael Jordaan – former CEO of South Africa’s First National Bank.

Comments Director at Compuscan, Frank Lenisa: “Along with Actis, we are exceptionally proud to accept this award. We see it as a testament to the excellence of the companies’ combined force, as well as to the potential we have to positively shape the credit industry in South Africa and across borders.”

The finalists were selected through a meticulous nomination process by DealMakers – a quarterly corporate financial journal that tracks and reports on private equity deals in South Africa and Africa. One of its sister publications, Catalyst Magazine, sponsors the Catalyst Private Equity Deal Award and is a respected independent publication, supported by the Southern African Venture Capital & Private Equity Association (SAVCA).

The acquisition of Compuscan by Actis was selected to receive the award based on a number of key criteria that were well met, including, amongst others, transformational value, innovation and creativity, time constraints and deal size.

Comments Editor of Catalyst Magazine, Michael Avery: “Perhaps the most important element that set this deal apart from the rest was its potential to create long-term value for the parties involved. Only 5% of adults in Africa are covered by credit bureaus compared with 64% in OECD countries and alongside rapidly increasing access to financial services, and the expanding African consumer market, this presents a singularly attractive growth opportunity.”


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