Ejiofor
The acquisition, which is valued at R1 billion (52.4 million) will provide E4 with the necessary financial resources to propel the company into its next phase of growth.
Infinite Partners which led the consortium with 27four in tow, was established in 2022 after its parent company, Ethos Private Equity, was acquired by the US investment company, Rohatyn Group.
We are very excited by the growth opportunities for e4 to grow into other adjacent areas whilst retaining a strong market position in the current verticals it services.Edward Pitsi
Finally, the business has recently expanded to the UK which has a TAM in excess of 10x the SA market we will be supporting management through this expansion as it can have a material impact on ultimate outcomes.
This acquisition of e4 represents the first order of business for Infinite Partners Core Equity Fund II, which is the successor fund to Ethos MidMarket Fund I (EMMFI).
And Edward Pitsi, CEO and Cofounder of Infinite Partners, noted that as investment partners, the team will look to be supportive of e4, yet challenging in order to drive the appropriate outcomes alongside management.
Keypoints
- Technext Newsletter
- e4, a pioneer of digitalisation in South Africa