Experian to acquire South Africa's Compuscan for $263 million

Source: Actis

Actis, a leading growth markets investor, has announced their agreement to the sale of Compuscan, a provider of credit information and analytics services, to Experian for ZAR3.72 billion (USD263 million).

The acquisition is subject to review by the competition regulator in South Africa.

Established in South Africa in 1994, Compuscan started as a credit bureau, focused on the micro-lending industry. It enabled micro lenders to avoid financial loss by identifying clients’ repayment probability before issuing a loan.

In 2014, Actis acquired a majority shareholding in Compuscan embarking on a “buy-and-build” strategy together with management, to expand the product offering and scale of the business, and to create one of the leading emerging market credit bureaus. Today, Compuscan is a full-service credit bureau and information services provider offering credit information services, decision analytics services, marketing services and loyalty/rewards services, operating across nine countries (South Africa, Namibia, Botswana, Mozambique, Lesotho, Ethiopia and Uganda, as well as in the Philippines and Australia).

Ali Mazanderani, partner at Actis, said: “When we joined forces with Compuscan, we knew that we were backing an exceptional team with an aligned ambition. We are extremely proud of what has been achieved together, it has been a wonderful journey. Our thanks to Remo Lenisa, the CEO of Compuscan, to Michael Jordaan, the Chairman, and to the whole Compuscan team.”

Dave Cooke, partner at Actis and based in South Africa, added: “Compuscan is a great business, this successful investment further reinforces our unrivalled track record in identifying high growth African businesses, adding value and successfully exiting to quality buyers. Actis has now committed over USD$4.5bn to Africa and delivered over 33 exits.”

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