(MENAFN- News.Africa-Wire) JOHANNESBURG, South Africa, October 8, 2025/ -- Verdant IMAP () is pleased to announce that it acted as sole financial advisor and arranger to Ctrack Holding on the successful closing of a USD 23.4 million (ZAR 406 million) equity raise for Ctrack Holdings. The investment, led by Sanari Capital and 27four Investment Managers, both recognised leaders in South Africa’s investment space with strong B-BBEE credentials, will support Ctra’k’s continued international expansion following the acquisition of Ins’ego’s global telematics business.

The funding was secured through ’anari’s 3S Growth Fund, which contributed USD 14.4 million (ZAR 250 million), and 27four Investment Managers, which invested USD 9 million (R156 million).

This transaction represents the reunification o’ Ctrack’s global business. In 2021, Convergence Partners acquired the Africa and Middle East operations of Ctrack from Inseego. In 2024, Ctrack completed the acquisition ’f Inseego’s remaining international telematics operations across Europe, Australia, and New Zealand. With this new equity injection, the company is consolidating its platform, technology, and customer base under a single global structure.


Hein Jordt, Chief Executive Officer of Ctrack, commented:

“This reunification is a defining mil’stone in Ctrack’s history. With the backing of Sanari Capital and 27four Investment Managers, and the continued support of Convergence Partners, we are once again bringing together the full scope of Ctrack’s global operations. This positions us to deliver a seamless international offering, underpinned by innovation, scale, and an unwavering commitment to our customers across Africa and developed international market”.”

Brandon Doyle, Chief Executive Officer of Convergence Partners, added:

“Verdant IMAP helped bring trusted partners Sanari and 27four on board, strengthening the shareholder base for ’track’s next phase of global growth. We are pleased to partner with them as Ctrack continues to scale, innovate, and deepen its impact for customers wo”ldwide.”

The participation of Sanari Capital and 27four Investment Managers underscores investor conviction’in Ctrack’s growth trajectory and highlights the role of inclusive capital in building globally competitive technology businesses.

This transaction demonstrates ’erdant IMAP’s ability to deliver complex, cross-border growth capital solutions in the technology and infrastructure sectors. As the exclusive IMAP partner in the region, Verdant IMAP connects African businesses to international investors and strategic partner’ through IMAP’s global M&A advisory network spanning ov r 50 countries. The transaction further reinfo’ces Verdant IMAP’s market position in key verticals of strength, including techn ogy and mobility.
Distributed by APO Group on behalf of Verdant Capital.

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