Transaction Summary
Ascension Capital Partners (Ascension), a South Africa-based, black-owned private equity fund manager, has increased its equity stake in Consumer Profile Bureau Proprietary Limited (CPB) from 26% to 85% to become the majority shareholder alongside the management team. Ascension initially acquired a 26% stake in CPB in a 2023 transaction with One Thousand & One Voices (1K1V). Both the initial and follow-on investment was made through the Ascension Private Equity Fund I (Ascension Fund I), an R400 million ($22.4 million) fund focused on high-growth, innovation-driven scalable businesses with strong management teams and EBITDA above R20 million ($1.1 million). Consumer Profile Bureau (CPB), a leading South African credit bureau founded in 1981, specialises in credit analytics, compliance, and KYC solutions. It recently introduced AI-driven fraud prevention and debt collection tools, enhancing its competitive edge. Ascension’s strategic investment aims to bolster CPB’s operational capacity, support its innovative product roadmap, and scale its KYC
