Completion date: Sept-23

Industry sector: Information Technology

Transaction type: M&A Advisory: Sell-side

Target: Internet Solutions Digital (Pty) Ltd (“MWEB”)

Acquirer: Web Africa Networks (Pty) Ltd

Vendor: Dimension Data

Deal description:

As part of a strategic portfolio review, Dimension Data identified Internet Solutions Digital (Pty) Ltd (“Mweb”) as non-core to their existing operations and future strategy and took a decision to evaluate the divestment thereof. Deloitte Africa Corporate Finance acted as an exclusive financial advisor to the shareholders of Mweb on the divestment of the business through a focussed and competitive M&A process.

A successful transaction was achieved through:

• A fair, independent and competitive M&A process which was carefully managed.
• Identifying and understanding key deal challenges timeously and acting swiftly to resolve them.
• Engaging with the seller and bidders throughout the process to ensure transparency and build trust.
• Supporting the due diligence and legal negotiation processes with a hands-on approach.
• Providing a comprehensive solution that included all aspects of the sale process, from soliciting interest all the way to final closure - a one stop shop, end-to-end M&A solution.