Actis Acquires Paycorp Of South Africa For $95 Million

Actis, the global private equity firm, announced that, together with management, it has acquired Paycorp, an independent payments company in South Africa for $95 million from Transaction Capital. This acquisition means that Actis will be Paycorp's biggest shareholder, and founder and CEO, Steven Kark and the executive team will be co-investors.

Paycorp is the largest non-bank card issuer in South Africa, owns and managers the complete value chain for bank branded ATMs, and provides card acceptance services to retailers across the country. Read the full story here.

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