Webber Wentzel and Bowmans Gilfillan, Inc. advised on iKhokha’s ZAR 1.65 billion (approximately US$94 Million) acquisition by Nedbank Group.
iKhokha, founded in 2012, has grown to become one of South Africa’s leading payment solutions providers, processing over ZAR20 billion in transactions annually for merchants across the country. This acquisition represents Nedbank’s largest fintech investment to date and demonstrates continued investor confidence in the payments processing industry.
Webber Wentzel is advising iKhokha and its shareholders, including Crossfin and Apis Partners, on the landmark ZAR1.65 billion disposal of iKhokha to Nedbank Group Limited.
The team included Sally Hutton, Graham Viljoen, Burton Phillips, Keith Veitch, Amy-Leigh Muir, Neo Penn, Martine Leukes, Kgomotso Mmutle, Louis Kellermann, Mongezi Mcobothi, Imaan Sayed, Karl Blom, Duncan Potgieter, Ashekah Williams, and Ashleigh Madell.
Bowman Gilfillan, Inc. acted as legal advisor for Nedbank Limited.
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