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New Deal


Announced

Completed

Mark Chewins, Ametje Rist, Mike Hellens, Newport Investments and Reonet completed the acquisition of Syntell from EOH.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Digital Services

Cross Border

Private Equity

Completed

Private

Friendly

South Africa

Acquisition

it services

Majority

Mbo

Synopsis

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Mark Chewins, Ametje Rist, Mike Hellens, Newport Investments, an investment manager, and Reonet completed the acquisition of Syntell, a provider of technology-based services & systems, from EOH, a developer of information technology solutions and strategies. Financial terms were not disclosed. “Given the limited capital available to EOH until such time as the balance sheet is deleveraged, coupled with the extensive knowledge and access to capital that the management consortium possesses, the value of Syntell to EOH is better optimised through a sale to a new shareholder,” EOH.

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