<article>UK-based Apis Partners has, through its Apis Growth Fund I, invested $21.2 million in Bursa Malaysia-listed payments system provider <a href="https://www.dealstreetasia.com/?s=ghl+systems">GHL Systems Bhd</a>.</article>

UK-based Apis Partners has, through its Apis Growth Fund I, invested $21.2 million in Bursa Malaysia-listed payments system provider <a href="https://www.dealstreetasia.com/?s=ghl+systems">GHL Systems Bhd</a>.
In an announcement, <a href="https://www.dealstreetasia.com/?s=apis+partners">Apis Partners</a> said the funds will be used to drive GHL&#8217;s growth across the ASEAN region and will be made by way of 65 million newly issued shares subscription at the price of RM1.30 per share.
The $287-million Apis Growth Fund I hit a final close in March last year. The PE firm supports growth-stage financial services and allied infrastructure businesses in Africa and Asia.
Private equity firm Actis had, last May, bought a 44.37 per cent stake in GHL for $67.25 million from previous investor Creador and GHL executive vice-chairman Simon Loh, whose holding post the transaction stood at 19.1 per cent.
“We see tremendous opportunity in the ASEAN payments sector&#8230; The investment in GHL is supported by positive secular industry trends, such as strong growth in the issued card base, regulatory and consumer adoption of electronic payments, and a broadening of the product suite provided to merchants through point-of-sale terminals,&#8221; said Apis co-founder and managing partner Matteo Stefanel.
GHL provides services covering physical, internet and mobile payments.
The company has, via its unit S Capital Sdn Bhd, also proposed to acquire payment solution company Paysys Communications Sdn Bhd for RM80 million ($20.14 million) to solidify GHL&#8217;s presence in Malaysia. The acquisition is expected to complete this quarter.
GHL manages more than 180,000 acceptance points with key operations in Malaysia, the Philippines, Thailand and Australia.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/bursa-listed-ghl-acquires-31-16-vietnams-mpos-3-3m-86015/">Bursa-listed GHL acquires 31.16% of Vietnam’s MPOS for $3.3m</a>
<a href="https://www.dealstreetasia.com/stories/malaysia-actis-invests-in-ghl-systems-69256/">Malaysia: Actis acquires major stake in GHL Systems with $65.5m deal, Creador exits</a>

UK-based Apis Partners has, through its Apis Growth Fund I, invested $21.2 million in Bursa Malaysia-listed payments system provider GHL Systems Bhd.

Apis Partners injects $21.2m in Malaysia-listed GHL Systems

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Apis Partners injects $21.2m in Malaysia-listed GHL Systems

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief