Fintech group Capital Appreciation can comfortably take on a R2bn acquisition — which is larger than any deal it has struck so far — in technology and financial services, its executives say.
“An acquisition for R1bn is easy. In fact, with a bit of structuring and share placement, we could do an acquisition of R2bn comfortably,” Alan Salomon, CFO of the company that counts big four banks as clients and asset managers. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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