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Actis Buys Regional Credit Company

May 13, 2014



UK-based private equity firm, Actis, has set up Credit Services Holdings (CSH), a buy-and-build credit services business.

CSH's first investment will be acquiring 100% of Compuscan, the largest independent credit bureau in Africa.

Actis will be investing in CSH alongside the Compuscan management team, who will continue to manage the Compuscan business. Actis plans to invest $100 million into the platform.

Compuscan operates in six sub-Saharan countries, including South Africa, Uganda and Ethiopia.

To assist in the build-out of the platform, Michael Jordaan, formerly CEO of South Africa'sFirst National Bank and a leading figure in the African financial services industry, has been appointed as Chairman of CSH.

Founded by CEO Remo Lenisa, Compuscan is the fastest growing bureau in South Africa and one of the largest on the continent.

Headquartered in Stellenbosch, with offices in Johannesburg and Kampala, it provides multiple credit data, decision analytics services and training, to over 3,500 clients including banks, telcos, retailers, microcredit institutions and insurers.

The Data Analytics team in Compuscan operates under the Scoresharp brand and is led by Pieter Van Heerden.

Actis has a proven track record of buy-and-build financial infrastructure investments. In 2010, it established Emerging Markets Payments Holdings (EMPH), which offers payment processing services across Africa and the Middle East.


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Source: AllAfrica


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