| Type of matter | Parties involved | Tribunal Decision |
|---|---|---|
| Large merger | Q Link Holdings (Pty) Ltd And Nutun Transact (Pty) Ltd; Nutun Credit Health (Pty) Ltd; and Accsys (Pty) Ltd | Approved without conditions |
| Large merger | Circlevest Securitisation (RF) (Pty) Ltd and Standshelf 183 (Pty) Ltd | Approved without conditions |
The Competition Tribunal (“Tribunal”) has unconditionally approved the proposed merger whereby Q Link Holdings (Pty) Ltd (“Q Link”) intends to acquire Nutun Transact (Pty) Ltd (“Nutun Transact”), Nutun Credit Health (Pty) Ltd (“NCH”) and Accsys (Pty) Ltd (“Accsys”). Post-merger, Q Link will exercise sole control over the three firms.
Q Link is a financial technology business that provides payment collection solutions, primarily through payroll deductions and bank deductions, to improve collection rates for third-party benefit providers. Q Link focusses primarily on the insurance industry.
Nutun Transact operates across the business-to-business transactional value chain. It provides services including payment processing, collection services, risk management services, and human resources and payroll management solutions. NCH provides credit reports to clients and Accsys, which is currently dormant, does not have any business operations.
Circlevest Securitisation (RF) (Pty) Ltd and Standshelf 183 (Pty) LtdThe Tribunal has unconditionally approved the proposed merger whereby Circlevest Securitisation (RF) (Pty) Ltd (“Circlevest”) intends to acquire Standshelf 183 (Pty) Ltd (“Standshelf 183”) from Loradex (Pty) Ltd (“Loradex”). Following the implementation of the proposed merger, Circlevest will exercise control over Standshelf 183.
Issued by:
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib
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