Announced
Completed
Financials
Sources
Tags
Digital Services
Cross Border
Private Equity
Completed
Private
Friendly
South Africa
Acquisition
it services
Majority
Mbo
Synopsis
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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