CSG Holdings Limited (JSE:CSG) entered into an agreement to acquire Revert Risk Management Solutions Pty Ltd from The RTT Group (Pty) Ltd. for ZAR 100 million in cash on March 30, 2017. As part of the transaction, CSG Holdings also agreed to acquire certain moveable assets of Revert. As a result of the transaction, Revert Risk Management Solutions Pty Ltd will become a subsidiary of CSG Holdings. For the financial year ending on August 31, 2016, Revert had net assets of ZAR 22.3 million and profit after tax of ZAR 13.5 million. The deal is subject to approval by the Board of Directors of RTT Group and CSG Holdings, approval by the shareholders of Revert, approval from the competition commission, approval of FirstRand Bank Limited for change in shareholding and approval of Nedbank Limited for the implementation of the acquisition. All conditions are to be fulfilled on or before May 1, 2017. The transaction will be implemented on the third business day following the date on which all of the conditions precedent has been fulfilled and is expected to be value enhancing for CSG Holdings. Adams & Adams acted as competition law advisors for CSG Holdings. CSG Holdings Limited (JSE:CSG) completed the acquisition of Revert Risk Management Solutions Pty Ltd from The RTT Group (Pty) Ltd. on April 25, 2017.