TA Associates, a global growth private equity firm, has acquired a minority interest in Interswitch, an Africa-focused integrated digital payments and commerce company.
The transaction was effected through an acquisition of interests from Helios Investment Partners in its investment holding vehicle.
Financial terms of the transaction were not disclosed, and according to a statement from Interswitch on Tuesday, Helios Investment Partners will remain the majority shareholder of Interswitch.
Founded in 2002, Interswitch is active across the entire payments value chain.
(The Punch)
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