The South African Competition Commission has approved the proposed acquisition of Sybrin Holdings Pty Ltd by Crossfin SPV 3 Pty Ltd without conditions.
Crossfin SPV 3, ultimately controlled by Crossfin Holdings RF Pty Ltd, already had joint control over Sybrin Holdings prior to the merger. The "Acquiring Group," which includes Crossfin SPV 3 and its related entities, invests primarily in the financial technology sector.
Sybrin Holdings, the primary target, is an investment holding company whose subsidiaries provide a range of software and support services, including intelligent document processing, payments and clearing, case management, document management, and digital identity management.
