M&A
confidence high
sentiment positive
materiality 0.85
Lesaka completes Adumo acquisition for ZAR 1.67B (17.3M shares + ZAR 232M cash)
LESAKA TECHNOLOGIES INC
- Total consideration ZAR 1.67B ($96.2M) via 17,279,803 shares and ZAR 232.2M cash.
- Acquisition adds 1.7M consumers, 120K merchants, annual throughput ZAR 270B.
- Lesaka buying 2,601,410 of its own shares for ZAR 207.2M from Crossfin to provide liquidity to indirect Adumo shareholders.
- Adumo CEO Paul Kent joins executive team; Crossfin CEO Dean Sparrow joins board.
- Financing via ZAR 665M bridge facility from RMB unsecured at Prime+1.80%, due Dec 13, 2024.