Mergers & Acquisitions

SA | Kenya

2019

MediSmart OTI


Sale of 100% of MediSmart, Sole Financial Advisor

Sale of MediSmart to Smart Applications International

Verdant Capital has sold MediSmart, a division of On Track Innovations (OTI) PetroSmart in South Africa, to Smart Applications, a leading Kenyan ICT solutions provider delivering a wide range of world class technological solutions. PetroSmart is a wholly owned subsidiary of Israel based OTI, a leading developer of cutting-edge cashless payment solutions, listed on the NasdaqCM with a market capitalisation of USD 33 million. The MediSmart solution is an information management and claims submission system for the medical sector.