EOH announces proposed disposal of Information Services business

The Credit Stress Report 2021 Q3 is out
November 30, 2021
Smart city and abstract dot point connect with gradient line and aesthetic Intricate wave line design , big data connection technology concept .

EOH announces proposed disposal of Information Services business

EOH announces proposed disposal of Information Services business

As a valued customer and partner of Xpert Decision Systems (Pty) Ltd (“XDS”), you are no doubt aware that as an organisation we have evolved over the years into a successful business providing a suite of credit, risk, and data solutions to customers across the continent.  

In this regard, we would like to draw your attention to a recent SENS announcement regarding the sale of the following Information Services companies to Bachique 842 Proprietary Limited. Bachique 842 is a South African-registered company wholly owned by LR Africa Holdings, which in turn is advised by Lightrock, a global private equity platform backed by LGT, an international private banking and asset management group.  (“the Purchaser”):

  • Hoonar Tekwurks Consulting South Africa Proprietary Limited (“HTCSA”),
  • Managed Integrity Evaluation Proprietary Limited (“MIE”),
  • Xpert Decision Systems Proprietary Limited (“XDS”) and
  • Zenaptix Proprietary Limited (“Zenaptix”).

The detailed SENS announcement can be viewed here.

The transaction is in line with the purchaser’s strategic intent of acquiring high-growth, scalable businesses as well as in line with the leadership’s desire for future growth, building out more diversified solutions and further expansion of its international footprint. For more information on Lightrock, visit www.lightrock.com.

Notwithstanding this change of ownership, our service, and commitments we have made to you as a valued customer and partner remains and will become even more focused. We look forward to a continued and mutually beneficial relationship. Please feel free to contact us for any questions or clarifications you require with regards to this transaction.

We would also like to acknowledge EOH for their support and guidance over the years and wish them well in their future journey.

Download the SENS report here