Convergence Partners » gateway http://www.convergencepartners.co.za Convergence Partners Mon, 06 Feb 2012 15:17:39 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 60% Sale Of Britehouse Concluded http://www.convergencepartners.co.za/2007/07/60-sale-of-britehouse-concluded/ http://www.convergencepartners.co.za/2007/07/60-sale-of-britehouse-concluded/#comments Thu, 12 Jul 2007 12:15:52 +0000 admin http://www.convergencepartners.co.za/?p=102 britehouse logo


Johannesburg, South Africa, Thursday, 12 July 2007 - In a move to grow its business on the African continent in the public and private sectors, Dimension Data plc today announced it has been granted Competition Commission approval to sell a stake in its Britehouse Group (Britehouse) to a BEE and investment company consortium.

The consortium comprises Convergence Partners Investments (Pty) Ltd, Safika Holdings (Pty) Ltd, and VenFin Limited.

In October last year, Dimension Data in South Africa announced it had consolidated its Microsoft Applications, SAP Application Development Practices and Paracon Holdings Ltd investment into a new entity, the Britehouse Group, and intended to sell a 30% stake in that business to Convergence Partners and Safika. VenFin was subsequently included as a financier in the transaction, bringing the total purchase stake by the consortium to 60%.

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