Actis has reached an agreement to sell its South Africa-based credit information and analytics business Compuscan to Experian for ZAR3.72bn ($260m).
The completion of the acquisition is subject to a review by South African competition regulator.
Founded in 1994 and headquartered in Stellenbosch, Compuscan provides credit information and analytics services.
The company started its operations by focusing on the micro-lending industry and helping its clients in identifying the customer’s repayment probability before a loan is issued.
Actis acquired majority stake in the company in 2014 and subsequently focused on expanding its service portfolio.
Currently, Compuscan offers decision analytics, marketing as well as loyalty/rewards services, apart from operating as a full-service credit bureau.
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By GlobalDataIt has also expanded to other business sectors including manufacturing, logistics and transport, travel and leisure and utilities.
The credit bureau operates across South Africa, Namibia, Botswana, Mozambique, Lesotho, Ethiopia and Uganda.
Besides these African nations, the company also has presence in the Philippines and Australia.
Actis partner Dave Cooke said: “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 $4.5bn to Africa and delivered over 33 exits.”
With a wide range of investment portfolio across Asia, Africa and Latin America, Actis is a multi asset growth market investor.
Since its inception, it is said to have raised more than $14bn.