South Africa: Value Capital Partners acquires stake in payments company

South Africa's Value Capital Partners (VCP) has acquired a 13.4% stake in Johannesburg Stock Exchange-listed payments solutions company Net1.

According to a Moneyweb report , the shares were bought between mid-March and mid-April for a total amount of around R580 million.

VCP is an investment company which holds minority positions in listed companies and acts as an engaged shareholder in those entities to drive maximum returns for all stakeholders. The firm says it aims to deploy the best of private equity principles in the listed equity space.

Reach Africa’s private equity community by publishing a Showcase Article on Africa Private Equity News. Contact us at editor@africaprivateequitynews.com for our rate card and more information.