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Jun 9, 2021 EOH has entered into a share purchase agreement for the sale of Sybrin to a consortium group comprising of One Thousand & One Voices Management (Mauritius) (1K1V) and Crossfin Technology Holdings (CFTH) and their black economic empowerment partners led by Isaac Mophatlane, (together the Consortium) for a cash consideration of R334-million. The Base Purchase Price, after adjusting for net debt, non-operating assets and working capital, equates to an enterprise value (EV) of R410-million implying an EV/normalised EBITDA multiple of 5,3x on Sybrin’s 31 July 2020 normalised EBITDA of R78-million. 1K1V is a private equity fund backed exclusively by industry-leading families from around the globe while CFTH is an investment holding company that offers investors a blended exposure to technology investments in Fintech. Established in 1991, Sybrin provides bespoke solutions to the banking, financial services and insurance sectors as well as central governments. Ut ....