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Apis Growth Fund I fully exits stake in ASEAN payments service provider GHL

Apis Growth Fund I, a private equity fund managed by UK-based asset manager Apis Partners, has fully exited its investment in payments provider GHL to global technology company NTT DATA Japan.

Following completion of the transaction, NTT DATA Japan will take a controlling stake in GHL.

Apis invested in GHL in 2018 intending to enhance the company’s operational capabilities and expand its market reach, according to a press statement.

GHL’s core operations are in Malaysia, the Philippines and Thailand. The company covers physical, online and mobile payments, and manages more than 480,000 points of sale, enabling credit card, debit card, prepaid contactless payment, loyalty, prepaid top up and bill payment collection services.

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