TPAY Mobile FZ-LLC has been acquired by Helios Investment Partners
A15 Holding Netherlands B.V. has sold a 76% stake in TPAY Mobile FZ-LLC to London-based African private equity fund Helios Investment Partners. Financial details have not been disclosed.
Established in 2014, TPAY is an international fintech payments business that primarily operates in the Middle East and North Africa (MENA) region, where only 14% of the population has a bank account but over 60%, and growing, have mobile phones. As a result, the region is characterized by low debit and credit card use and correspondingly low online payment conversion rates. TPAY has grown rapidly and is the dominant direct carrier billing (DCB) player in MENA. The business currently operates in 16 countries and is partnered with 33 mobile phone carriers, providing almost 100% user coverage and 80% market share across the region.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
Talk to the deal team
PartnerLondon, United Kingdom
Managing PartnerLondon, United Kingdom
DirectorLondon, United Kingdom
Senior AssociateLondon, United Kingdom
Mobile Vikings has been acquired by Proximus
DPG Media NV has sold Mobile Vikings to Proximus. The transaction is still pending Belgian Competition Authority clearance.Learn more
E&E News has been acquired by POLITICO
E&E News, the essential news source on energy and the environment, has been acquired by POLITICO, the dominant source of news on politics and policy for a global citizenry. The deal will substantially expand POLITICO’s footprint in the energy news space and is part of a bigger move to grow its professional news business. E&E News has some 65 reporters in nine offices around the country, adding to POLITICO’s existing 17 editorial staffers focused on energy and environmental news.Learn more
Coastal Insurance Underwriters has been acquired by Constellation Affiliated Partners
The shareholders of Coastal Insurance Underwriters have sold the firm to Constellation Affiliated Partners.Learn more