The DPO Group, headquartered in Ireland with a broad international presence across Africa, is a market leading e-commerce platform and payments provider across Africa and has been acquired by Network International Holdings plc. The DPO group has grown rapidly in recent years and has been one of the stand out success stories in the global e-commerce market. The acquisition will allow the group to add point of sale payment solutions to its product portfolio, connecting the DPO Group to acquirers and issuers across the African continent and enabling the group to penetrate the Middle East market for the first time.
The acquisition by Network International will allow the DPO Group to expand its presence in the fast growing electronic payments industry, which is expected to grow strongly in the coming years as the impacts of Covid-19 accelerate merchants transition to e-payments from traditional cash payments. The acquisition will also compliment Network International’s existing strong presence in the electronic payments market in the Middle East and Africa. For the selling shareholders, the transaction is a testament to hard work and effort which has been put in to developing the business in recent years. The DPO Group was advised by a cross-departmental Matheson team led by Corporate M&A partner George Brady and partners John Coary and Sandie Lord. The Matheson team worked closely with the Group’s African counsel, ENS Africa, on this transaction.
