Sphere Holdings is proud to announce the acquisition of a 36% interest in BBD, South Africa’s leading bespoke software development house. In an act of renewed commitment to the partnership, this transaction further cements the successful six year relationship between the two businesses that has driven significant value creation for current and former shareholders, customers and staff.
Commenting on the transaction, Peter Searle, CEO of BBD said: “We have had a successful partnership with Sphere Fund I over the last six years, with our business growing four times over. Such is the reward of true partnerships on South African businesses.
We are excited to enter into a new long-term partnership and to continue to deliver world-class solutions for our clients.”