has been acquired by a consortium of private equity investors, led by independent fund manager Infinite Partners, for more than R1-billion.“The transaction will seeobtain the necessary capital for advancing to the next stage of its expansion,” the company, which was founded more than 20 years ago, said in a statement on Monday.
Infinite Partners was established last year after it was spun out of Ethos Private Equity. Infinite Partners CEO Edward Pitsi said: “We are very excited by the growth opportunities for e4 in adjacent areas while retaining a strong market position in the current verticals it services.” The private equity firm will also support e4’s expansion into the UK market, which is demonstrating strong growth potential. –
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