PALLIDUS ASSISTS ALTRON TO PROMOTE SOCIETAL ADVANCEMENT AND INDUSTRY INNOVATION THROUGH TRANSFORMATIVE ICT SKILLS DEVELOPMENT

OUR CLIENT

Altron is a proudly South African founded platform and IT services company who has been harnessing the power of data, technology and human ingenuity to solve real-world problems since 1965.

Solution Required

Altron required a sustainable broad-based BEE ownership solution which promotes access to information and communication technology (“ICT”) related education opportunities to address the increasing scarcity of ICT skills in South Africa. The solution needed to compliment Altron’s existing B-BBEE initiatives and assist Altron in meeting the BEE ownership targets of the ICT sector.

Outcome

Pallidus provided a sustainable B-BBEE ownership solution which compliments Altron’s commitment to education and innovation within the ICT sector whilst addressing Altron’s BEE ownership requirements. Through the transaction, a broad-based trust (Altron Foundation Trust), with the objective of providing bursaries for ICT related education, acquired a 20% interest in Altron’s South African operations in a sustainable manner.

OUR CLIENT

SECTOR

Information and Communication Technology (ICT) 

PALLIDUS’ Role

Sole corporate finance advisor and transaction sponsor

TERRITORY

South Africa

Share this

Pallidus RSVP

Our Website uses cookies to ensure that you get the best browsing experience. If you continue to use this site you provide consent thereto.