Deal Snapshot
APIS PARTNERS ACQUIRES MAJORITY STAKE IN TUTUKA FROM PAYCORP
Tuesday 10 September 2019

London-based global financial services investor Apis Partners (as manager of Apis Growth Fund II), has acquired a majority stake in South African third-party payments enabler Tutuka from Paycorp, the company said.
As financial services-focussed investors, Apis said it was attracted to Tutuka's strong presence across 19 emerging markets, as well as its client base of telcos and wallets.


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Details
Date Published: 10/09/2019
Target: Tutuka
Country: South Africa
Sector: Banking/Financial Services
Type: LBO
Financing:
Status: Closed
Vendor: Paycorp
Buyer: Apis Partners
Comment:
Terms of the deal were not disclosed

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